Bipartisan Bill Aims to Extend National Flood Insurance Program Before September Deadline

The National Flood Insurance Program is set to expire on September 30, putting over 5 million policyholders at risk of losing access to new or renewed coverage. A bipartisan bill introduced by Rep. Troy Carter would extend the program through 2026, breaking a cycle of short-term extensions dating back to 2017. The NFIP provides subsidized flood insurance in high-risk areas where private coverage is limited. Without action from Congress, real estate transactions and homeowner affordability in states like Florida and Louisiana and cities like Minot could be significantly affected. Cassie Sheets with website Insurify.com has the full story.