‘Kicking The Can’ Approach To NFIP Reform Is ‘Not Viable’

  Monday, January 8th, 2018 Source: Insurance Business

Those hoping for clarity over the future of federal flood insurance in the United States are still waiting after Congress passed a third short-term extension to the National Flood Insurance Program (NFIP) back on December 22. The program was first set to expire on September 30, but it was extended until December 08 and again until December 22. A third short-term extension was then granted until January 19 as part of a continuing resolution to keep the US government scheme open. Not everyone is a fan of the US government’s “kicking the can down the road” approach, however.

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