Buoyed in political deadlock, federal flood insurance program lapses
For the third time in the last few months, the National Flood Insurance Program (NFIP) has expired, with legislators in Washington, D.C., unable to reach a compromise on long-term expansion of the initiative for now.
On March 25, the U.S. Senate adjourned until April 12, without addressing HR 4851, the Continuing Extension Act of 2010, which extends a number of programs for the unemployed, as well as a proposed short-term extension of the NFIP, through April 30. The House approved the measure March 17, but without Senate approval, the program’s funding ended Feb. 28, essentially shutting it down...
