Archive for the ‘NFIP reauthorization’ Category

On Thursday, April 15th, Congress voted to restore jobless benefits for hundreds of thousands of Americans who had lost them during a partisan standoff in the Senate over spending (Insurance Journal).

This bill also reauthorizes the federal flood insurance program until the end of May and restores federal COBRA health insurance subsidies.

http://www.insurancejournal.com/news/national/2010/04/15/109055.htm

http://bucks.blogs.nytimes.com/2010/04/19/flood-insurance-program-is-back-for-now/

The National Flood Insurance Program (NFIP) is currently on schedule to expire on March 28th, 2010.  The Senate has already voted to extend the NFIP until the end of the year, while the House has agreed to extend it just one more month, until the end of April 2010.  The Senate, who has been preoccupied with Health Care Legislation, must vote to adopt the House measure or the NFIP will expire Sunday night. 

We will keep you posted with any updates, but if you have any questions we are always here to help.

Please call with any questions: Edward J. Mackoul, CIC President- Mackoul & Associates, Inc. ejmackoul@mackoul.com Toll Free: (866) Mackoul

We are pleased to announce that the National Flood Insurance Program has been extended to March 28, 2010.   The bill that was passed by Congress and signed by President Obama does not include retroactivity to March 1, 2010. 

This short term statutory authorization will allow us to resume issuing flood insurance policies but it did not include specific language that would make the extension retroactive to March 1, 2010 at 12:01 am.

We will include more updates on longer term NFIP reauthorization prior to the expiration on March 28, 2010 as soon possible.

Don’t hesitate to call our offices if you have any questions at (866) Mackoul.
Thank you.

Mackoul & Associates, Inc.

Read the full article here: http://www.insurancejournal.com/news/national/2010/03/03/107849.htm