CASSIDY ON SENATE FLOOR: END THE SCHUMER SHUTDOWN, RESTORE FLOOD INSURANCE STABILITY - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Property and Casualty News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Property and Casualty News RSS Get our newsletter
Order Prints
October 30, 2025 Property and Casualty News
Share
Share
Post
Email

CASSIDY ON SENATE FLOOR: END THE SCHUMER SHUTDOWN, RESTORE FLOOD INSURANCE STABILITY

States News Service

The following information was released by Louisiana Senator Bill Cassidy:

U.S. Senator Bill Cassidy, M.D. (R-LA) delivered a speech on the U.S. Senate floor outlining the harm the Schumer Shutdown is causing daily for the half a million Louisianans enrolled in the National Flood Insurance Program (NFIP). Cassidy called on Senate Democrats to work with Republicans to reopen the government, restore stability for homeowners, and end the disruption to NFIP coverage.

"The Democratic Leader said that every day, the shutdown gets better for them. Well, I can tell you that every day the government is shut down gets worse for Americans in my state who are worried about flooding and losing everything.,"said Dr. Cassidy.

"Reopen the government. Restore certainty to the American people. Protect homes. Protect families. Protect livelihoods,"continued Dr. Cassidy.

Cassidy's remarks as prepared for delivery are below:

Mr. President,

I spoke on this floor a month ago about the consequences of a government shutdown on our country and my state of Louisianaparticularly the half a million Louisianans enrolled in the National Flood Insurance Programor NFIP.

I called on Senate Democrats to join me and my Republican colleagues in keeping the government open and Congress working.

Unfortunately, the Senate Minority Leader shut down the government nearly a month ago to appease his radical base.

That's nearly a month that many Louisianans on the NFIP have gone without the trust, certainty, and stability that the program is designed to provide.

Families are unable to close on a new home because they can't purchase a new flood insurance policy.

Homeowners are vulnerable during hurricane season because they can't renew existing policies.

And that raises a question the American people are asking every day: how can they trust a government that isn't even open?

We know the NFIP is not perfect. It faces financial challenges. Some reforms are needed. But shutting it down makes the problem worse, not better.

The Democratic Leader said that every day, the shutdown gets better for them.

Well, I can tell you that every day the government is shut down gets worse for Americans in my state who are worried about flooding and losing everything.

The American people want solutions. They want a government that works. They want flood insurance that protects their homes, families, and livelihoods.

That's why I'm working on legislation that would automatically reauthorize the NFIP during any lapse in government fundingin other words, prevent any future shutdown from interrupting the NFIP.

It fixes the damage caused by the Schumer Shutdown and ensures stability going forward.

My colleague from Louisiana and I have introduced two billsone to extend NFIP in the short term, another to provide a full year of coverage.

We're also working toward broader reforms that keep premiums affordable and the program sustainable for generations to come.

We must reopen the government immediately. Democrats have voted against doing so 13 times.

13 opportunities we have given them to end their shutdown, and they've thrown it back in Americans' faces.

Government services might be on pause, but Hurricane Season isn't.

Reopen the government. Restore certainty to the American people. Protect homes. Protect families. Protect livelihoods.

Republicans are trying to prevent the worst effects of the Schumer Shutdown from taking place, but Democrats keep blocking our efforts.

We want to pay the troops, we want to fund SNAP, we want to extend NFIP.

Democrats are a blanket "NO."

The American People deserve better. They deserve more than the Democratic Party is willing to give them.

With that, I yield.

###

Older

A $9 billion healthcare gorilla

Newer

DEGETTE STATEMENT ON REPUBLICAN INACTION LEADING TO DOUBLING OF HEALTH CARE COSTS IN COLORADO

Advisor News

  • Will rising retirement needs spark an annuity boom?
  • Living longer, retiring poorer: Why fragmented systems are failing Americans
  • Women say their advisors respect them, but talk down to them
  • How PEPs compare with traditional 401(k)s
  • Allianz studies why 42% of Americans retire sooner than expected
More Advisor News

Annuity News

  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • NAIC regulators continue pushing for annuity illustration updates
More Annuity News

Health/Employee Benefits News

  • Affordable Care Act enrollment in Illinois continues to drop, new state data shows
  • Clark County residents warned to brace for health insurance rate hikes next year
  • Researchers at Memorial Sloan-Kettering Cancer Center Describe Findings in Clinical Oncology (Impact of health insurance coverage on dentition status prior to hematopoietic cell transplant: A 10-year single-institution observational study): Clinical Oncology
  • Colorado lupus patients can't afford 'most favored nation' drug pricing | PODIUM
  • Molina Healthcare Wins Illinois Medicaid Contract
More Health/Employee Benefits News

Life Insurance News

  • Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
  • Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
  • KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
  • VUL sales skyrocket in Q1, signaling major market shift
  • KBRA Releases Research – Private Credit: A More Balanced Review of the NAIC PLR Review Process for Insurance Balance Sheets
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet