Sen. Hyde-Smith Seeks One-Year Extension of National Flood Insurance Program
Targeted News Service (Press Releases)
WASHINGTON, Sept. 15 -- Sen. Cindy Hyde-Smith, R-Mississippi, issued the following news release:
U.S. Senator Cindy Hyde-Smith (R-Miss.), a member of the Senate Homeland Security Appropriations Subcommittee, today said she will push for passage of legislation to extend the National Flood Insurance Program (NFIP) before it expires on Sept. 30.
Hyde-Smith is an original cosponsor of the NFIP Extension Act of 2021 (S.2724), which would extend the program through Sept. 30, 2022. Text of the NFIP Extension Act of 2021 is available here.
"Without a long-term reauthorization of the National Flood Insurance Program in place, it is critical that we extend this program for people in Mississippi and around the country who rely on this coverage to protect their homes and businesses," Hyde-Smith said. "In the midst of an active hurricane season, it would be irresponsible for Congress to let this program lapse."
More than 5 million families and businesses depend on the NFIP, including more than 60,000 in Mississippi. The Federal Emergency Management Agency administers the program.
U.S. Senator John Kennedy (R-La.) introduced the measure, which Senators Bill Cassidy, M.D. (R-La.), Bob Menendez (D-N.J.), and Marco Rubio (R-Fla.) also cosponsored. It has been referred to the Senate Banking, Housing, and Urban Affairs Committee.
AIR Says Hurricane Ida Insurance Losses Could Reach Billion
Top Reasons Why Drivers Should Compare Car Insurance Rates
Advisor News
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
- ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
- Why women must be more engaged in investing
More Advisor NewsAnnuity News
- Jackson Financial CEO caps 40-year career with blockbuster Q2
- Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
- NAIC regulators begin consensus phase on annuity illustration overhaul
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
- Market-value adjusted annuities: Key considerations for advisors
More Annuity NewsHealth/Employee Benefits News
- Dream of universal health coverage fadingCalifornia nearly achieved universal healthcare. Now, millions are losing coverage
- Medi-Cal is changing. Here's what to do if you're worried about coverageMedi-Cal is changing. Here's what to do if you're worried about coverage
- 1199SEIU, owner of Auburn nursing home agree to new 3-year contract
- Health insurance trust weighs options to pay Blue Cross
- Study Findings on Managed Care Are Outlined in Reports from Lewis Katz School of Medicine (Geographic and Program Size Disparities in Medicare Funding for Graduate Medical Education): Managed Care
More Health/Employee Benefits NewsLife Insurance News
- iA Financial Group Reports Second Quarter Results
- Supporting small businesses starts with smarter benefits conversations
- Judge again tosses Penn Mutual whole life lawsuit alleging tax scam
- Declined by a machine? The end of the unexplainable no
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
More Life Insurance News