National Flood Insurance Program could expire December 13 AGAIN

Here we go again, the U.S. Senate could vote on legislation to extend the current National Flood Insurance Program (NFIP), which expires Dec. 16, for six months. If another short-term extension passes, it will be the 13th time flood insurance has been reauthorized at the last minute since 2002.

The U.S. Senate Banking Committee, which approved the long-term extension in September, is expected to file the bill with the full Senate. However, the bill doesn’t contain an amendment proposed by U.S. Sen. Roger Wicker (R-Miss.) that would tackle wind-versus-water debates, which arise following a disaster as private insurers claim damage was caused by rising waters and should be covered under NFIP. At the same time, NFIP says wind-borne water caused the damage, with the discussion leaving many harmed homeowners caught in the middle.