NFDA Asks Congress to Reauthorize the NFIP for a Minimum of Two Years Prior to the Impending May 31 Expiration

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The National Flood Determination Association (NFDA) asks Congress to not let the National Flood Insurance Program (NFIP) expire and to reauthorize it for two years.

Now is the time for Congress to send a message of confidence and certainty to not only the banking and insurance industries, but also to homeowners and business owners.

The National Flood Determination Association (NFDA) today encourages Congress and the key Congressional Committees to introduce and approve legislation reauthorizing the National Flood Insurance Program (NFIP) in its current form for two years beyond next month’s expiration on May 31. An independent reauthorization of the NFIP is made more urgent with the imminent onset of the 2012 hurricane season.

NFDA President, Cheryl Small, commented that “Now is the time for Congress to send a message of confidence and certainty to not only the banking and insurance industries, but also to homeowners and business owners as they face the 2012 hurricane season. The NFDA recommends Congress take immediate action to reauthorize the NFIP independently of the more extensive reform proposals and then utilize the coming months to further inform and refine the proposals through cooperation with FEMA and the “Rethinking the NFIP” initiative. A two-year reauthorization will ensure that valuable flood insurance protection will be continually available to homeowners and business owners while contributing to the nation’s ongoing economic recovery in the form of a stable and active housing market.”

About the National Flood Determination Association
The National Flood Determination Association (NFDA) promotes the common interests of stakeholders involved with flood risk information through education, industry standards and a collaborative approach to policy issues. For more information, visit http://www.nfdaflood.com.

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Tiffany O'Shea

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