Senators Introduce NFIP Reauthorization Bill

The National Flood Insurance Program (NFIP) is making progress towards reauthorization. The Register-Herald reports that three US Senators from both the Democratic and Republican parties have put forward a law that will create reauthorization of the NFIP for the next 10 years. Republican senators Shelley Moore Capito and Dr. Bill Cassidy; and Democrat Kristen Gillibrand have together sponsored the proposed law to extend the program to “eliminate uncertainty” for residents. Capito’s home state of West Virginia was among those that were severely damaged by flooding last June, with 90% of homes and businesses left uncovered by insurance.