• 

  News and Publications

  • Media Room
  • News: Federal
  • News: State
  • Publications
  • Subscriptions

• 

  Seminars and Services

  • Convention
  • Event Calendar
  • Services

• 

  Government Affairs

  • Advocacy
  • Compliance
  • Issue Resources
  • Legislative Reports
  • Public Policy
  • Political Action

• 

  About NAMIC

  • Membership
  • History
  • Member Directory
  • Employment
  • Affiliates
  • Contact

Read	E-mail Print

NAMIC Supports Passage of Flood Insurance Legislation - Measure Ready for President

WASHINGTON (June 22, 2004)-Late yesterday afternoon, the U.S. House of Representatives, under suspension of the rules, passed legislation renewing the National Flood Insurance Program (NFIP) through Sept. 30, 2009. Just one week earlier, the Senate by unanimous consent, passed S. 2238, The Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004, which was their version of H.R. 253.

The legislation is now headed to President Bush for signature.

"NAMIC congratulates Congress for supporting efforts to reauthorize and reform the national flood program which is set to expire at the end of this month," said David A. Winston, NAMIC senior vice president -federal affairs. "These reforms will help FEMA reduce the amount of money spent on frequently flooded properties," said Winston.

Congress created the NFIP in 1968 to address the increasing costs of taxpayer-funded disaster relief for flood victims and the increasing amount of damage caused by floods. Prior to this time, many homeowners were unable to insure against flood losses because private insurers did not offer such coverage. However, in recent years, there has been more awareness of the problem of providing continuing assistance to repetitive loss properties.

"NAMIC believes that it is entirely reasonable to require homeowners who live in flood-prone areas to take advantage of mitigation measures offered by FEMA as a condition of receiving future disaster relief," said Winston.

"We look forward to President Bush signing this legislation into law," said Winston.

---

For further information contact:
Robert Detlefsen at rdetlefsen@namic.org
or (317) 875-5250