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Dec 23
Flood Program Extended To Sept. 30, 2023

flood-17506_640.jpg​UPDATE: President Biden signed the bill​ into law on Dec. 29, 2022.

An omnibus spending plan approved by Congress today includes a nine-month re-authorization of the National Flood Insurance Program (NFIP.) President Joseph R. Biden, Jr. has pledged to sign the measure, which sets federal government appropriations for the 2023 fiscal year. The reauthorization means that you will be able to obtain new and renewal flood insurance policies through the program without interruption.

Congress has authorized the NFIP on a temporary basis since its inception in 1968. Its most recent authorization was due to expire at the end of the day December 23 when appropriations for the federal government were also to run out. The newly enacted bill will keep the government and the flood program running for the rest of the 2023 fiscal year, which ends on September 30, 2023.

Those of you who obtain flood coverage for your clients through the Big I Flood Program will be able to continue to do so at least until next autumn.

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