Flood Insurance Extended
For those of you that keep an eye on the never-ending saga of the National Flood Insurance Program (NFIP), we have some good news, some bad news and some kind of good news.
In case you missed it, the NFIP was set to expire today (May 31st); however, yesterday the House approved an extension to fund the NFIP (good news) … for two weeks (bad news). So, they have until June 14th to come up with another plan.
The kind of good news is that the Senate does have a disaster relief package in the works which, if approved, will extend the NFIP for six months. It’s not a long-term solution but we’ll have to take what we can get.
As always, stay tuned!!
Published
2019/05/31
Want to know more about Flood Insurance check out – https://www.bankerscompliance.com/banking-regulations-compliance-services/reviews-2/flood/
Amy Kudlacek
Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager. Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelors Degree in Business Administration and is a graduate of the ABA Compliance School. Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!