NAMIC Statement on Flood Insurance Reform Delay Provision in Omnibus Spending Bill


Statement from Jimi Grande
Senior Vice President, Federal and Political Affairs
National Association of Mutual Insurance Companies

Re: NAMIC Statement on Flood Insurance Reform Delay Provision in Omnibus Spending Bill

“Any delay to the reforms approved by Congress in the Biggert-Waters Act of 2012 only serves to put the taxpayers at risk if having to again bail out the National Flood Insurance Program should a major flood occur during the spring thaw or the 2014 hurricane season.

“For the vast majority of flood insurance policyholders, and Americans in general, the Biggert-Waters Act represents real progress in ensuring that the NFIP will be there when they need it. If Congress feels it must delay these much-needed reforms, we hope those same lawmakers who pushed to delay the reforms will devote their time to crafting legislation targeted specifically at the problems that arose, especially for low-income policyholders, during implementation rather than simply pushing to further set the program back.”

Matt Brady
Director, Federal Public Affairs
mbrady@namic.org
202.580.6742