FLOOD INSURANCE ON HOLD

We reported on December 23rd that the President had signed legislation extending the National Flood Insurance Program (NFIP) until May 31, 2019. The Congress and the President did their part,  but then the Federal Emergency Management Agency (FEMA) ruled on December 27th that the NFIP cannot be renewed during the ongoing government shutdown.

Now the industry is protesting FEMA’s ruling, saying that it conflicts with the will of Congress expressed in the bill signed into law on December 21. Until this apparent conflict is resolved, new flood policies are not available. So what options do you have when FEMA policies are not available?

To assist with this immediate dilemma Compliance Resource has scheduled a one-hour webinar, entitled Lapse of FEMA Authority to Issue Flood Insurance Policies, for 11:00 a.m. EST on Wednesday January 2, 2019. For more information and to register for the program click HERE. The program will be recorded and available for distribution shortly after  completion of the live program. In the event the dilemma is resolved in the interim the program will be cancelled and full refunds will be made immediately.

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