RIMS: U.S. Government Shutdown Significantly Limits National Flood Insurance Program
Despite being extended through
The appropriation of
* no new policies will be issued
* no changes can be made to existing policies
* renewal policies will not be issued
Additionally, NFIP insurers are not permitted to collect premiums for the issuance, renewal, or monetary endorsements of NFIP policies. Such actions would violate the Anti-Deficiencies Act.
"Limitations on the NFIP can have serious repercussions, but it is RIMS hopes that the government shutdown concludes quickly and that
A long-term reauthorized NFIP bill would provide critical financial support to a wide-range of businesses experiencing flood emergencies and continues to be a RIMS legislative priority. The NFIP was the focus of the Society's 2018 Legislative Summit held in October in
RIMS' Political Action Committee (RISK PAC) has been soliciting donations to allow the Society to continue to engage and support Members of
American Bankers Association Issues Statement on FEMA Decision to Halt Flood Insurance Program
Sen. Rubio Urges OMB to Reverse DHS Guidance on National Flood Insurance Program During Government Shutdown
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