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PIA Statement on Extension of NFIP until July 31

PIA National is pleased that the National Flood Insurance Program (NFIP) has been extended in H.R. 1625, the vehicle for the fiscal 2018 omnibus appropriations bill that passed the U.S. House 256 to 167 on Thursday March 22.
March 22, 2018

WASHINGTON – The National Association of Professional Insurance Agents (PIA National) is pleased that the National Flood Insurance Program (NFIP) has been extended in H.R. 1625, the vehicle for the fiscal 2018 omnibus appropriations bill that passed the U.S. House 256 to 167 on Thursday March 22. The Senate is expected to take up H.R. 1625 soon.

However, we are alarmed that Congress has decided to decouple the NFIP—that is separate it—from the funding of the federal government. The program will now expire July 31, 2018, rather than continue to September 30 along with the rest of the omnibus. Previously, the NFIP has been attached to five short-term continuing resolutions (CRs). Even while attached to “must pass” legislation to fund the government, the NFIP has lapsed briefly twice this year alone; even short lapses can have a negative effect on consumers.

“In the absence of a must-pass legislative vehicle to which it can be attached, the program will now be in danger of expiring for an extended period during hurricane season, putting millions of flood insurance policyholders at risk,” said PIA National Vice President of Government Relations Jon Gentile. “In the wake of the devastating 2017 hurricanes, Congress should take no chances with the homes and businesses of policyholders.”

PIA will continue to advocate for Congress to pass a long-term reauthorization of the program that recognizes the essential role independent agents play in providing expert advice to consumers. “Given the decision to decouple the program and the approach of another hurricane season, failure to reauthorize the NFIP by July is not an option,” Gentile said.

Founded in 1931, PIA is a national trade association that represents member insurance agents and their employees who sell and service all kinds of insurance, but specialize in coverage of automobiles, homes and businesses. PIA members are Local Agents Serving Main Street America SM. PIA’s web address is www.pianet.com.