Insurance Journal: Temporary Fix Keeps National Flood Insurance Operating But Only Until Nov. 17

Insurance Journal: Temporary Fix Keeps National Flood Insurance Operating But Only Until Nov. 17

Congress approved a deal to fund the government temporarily, but only until November 17. Highlights from an Insurance Journal article:

-Private Flood Insurer Neptune has already seen a 20% increase in sales

-NFIP has only $2.4 billion set aside for claims. After that no claims will be paid out.

-Even if a long term deal is struck, there are questions about the viability of the NFIP moving forward.


For a flood insurance quote or any other insurance needs, contact Burchman Insurance Capital:

[email protected]

410-274-4057

Marc Burchman

Partner at MBP Insurance Solutions

1 年

If your in a flood plain take notice of this important date.

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