Inaction In DC Leaves Flood Insurance Policies In Limbo

Law360, New York (June 2, 2010, 3:29 PM EDT) -- The insurance industry is railing against Congress for failing to pass yet another short-term extension to the National Flood Insurance Program, a move that postpones the issuance and renewal of program policies until lawmakers can take action on the bill after their Memorial Day recess.

The NFIP officially lapsed on June 1, along with several other federal programs slated to receive short-term extensions in H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010. The U.S. House of Representatives passed the bill 244-170 on...
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