National Flood Insurance Program wins extension

  Monday, April 19th, 2010 Source: Business Insurance

President Barack Obama has signed into law legislation that extends the National Flood Insurance Program through May 31. The extension, which is part of a more comprehensive measure that temporarily extends a variety of federal programs, allows the NFIP to again issue new policies. The program had lapsed March 28 after the Senate failed to pass what is known as the "extenders" bill.

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