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NAMIC Applauds Measure to Maintain NFIP

WASHINGTON (October 30, 2009) The National Association of Mutual Insurance Companies today commended Congress for including an extension of the National Flood Insurance Program in a continuing resolution, keeping the program in place until December 18.

“We applaud Congress for ensuring the National Flood Insurance Program will remain in place and hope that it will enact a lengthier extension before the continuing resolution expires,” said Jimi Grande, senior vice president of federal and political affairs for the National Association of mutual insurance companies. “While there’s certainly no shortage of important issues on Congress’ plate, we hope lawmakers will enact meaningful reforms that will protect homeowners without intruding on areas like windstorm coverage that are already being served by the private market.”

A continuing resolution is a short-term measure to maintain the federal government by approving a simple continuation of current spending. The resolution was approved by the House and Senate on Thursday as part of an appropriations bill for the Department of the Interior, and is expected to be signed by President Obama Saturday when the previous continuing resolution expires.

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Posted: Friday, October 30, 2009 12:00:00 AM. Modified: Friday, October 30, 2009 1:12:03 PM.

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