Questions Loom For National Flood Insurance Program

Now firmly in the heart of hurricane season and less than two months away from the anniversary of Hurricane Matthew’s visit to St. Johns County, property owners who need flood insurance are about to be thrown into a situation of uncertainty. That’s assuming Congress does not show more urgency to reauthorize the National Flood Insurance Program before it expires on Sept. 30. And there’s absolutely nothing certain about that. Those in the insurance and real estate industry are cautiously optimistic the program will be reauthorized in something close to its current form, but with Congress currently in recess and with its recent struggles to agree on anything, there is some anxiety.