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Old 09-26-2011, 12:26 PM
 
Location: Morehead City, NC
1,676 posts, read 5,365,209 times
Reputation: 1245

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"The federal program that insures homes against flood damage expires next Friday and is at risk of not being renewed.."

"The NFIP has 5.57 million policies in force nationwide, insuring $1.25 trillion in property, which would remain in place even if the program is not extended.

Yet the program is also struggling with an unsustainable debt load. A bill to reform the NFIP overwhelmingly passed the House of Representatives this summer, but a competing reform bill has made little headway in the Senate."

Mortgages At Risk If Flood Insurance Program Expires
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Old 09-26-2011, 12:52 PM
 
Location: Winston-Salem
700 posts, read 1,439,578 times
Reputation: 310
The whole system for insuring those in areas of greater threat. Needs to be reworked. Flooding, fires, hurricanes and earthquakes along with a host of others. Granted common sense will tells us areas that need to be at your own risk. But, I am sure that everyone will have the hand out.
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Old 09-30-2011, 11:26 AM
 
Location: Morehead City, NC
1,676 posts, read 5,365,209 times
Reputation: 1245
The House of Representatives yesterday approved a temporary continuing resolution that funds the government through next Tuesday, Oct. 4, which is when Congress is expected to consider another short-term resolution funding the government through Nov. 18.

Federal Flood Insurance Program Extended Briefly
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