We posted on September 1st about the National Flood Insurance Program potentially lapsing, beginning on October 1st, which is tomorrow! Well, yesterday, the House of Representatives approved a temporary extension of government funding (which includes funding for the National Flood Insurance Program). This had been previously approved by the Senate.
This resolution keeps the government running until next Tuesday, at which time the House and Senate will vote to keep the funding going for 6 more weeks while they continue to debate about the details.
For more information about this issue from an insurance underwriter’s perspective, read this article regarding the temporary extension of funding.
Stay tuned to find out more about this conflict…