Juicy Estates: Mortgage Blog

Got Flood Insurance?

The National Flood Insurance Program (NFIP) has temporarily been stopped and no new policies can currently be issued.

WASHINGTON — Kentucky Republican Sen. Jim Bunning’s one-man anti-spending filibuster, which has brought extended unemployment benefits and transportation funding to a screeching halt, has also stopped the National Flood Insurance Program from writing or renewing policies or paying claims.

“Authorization for the National Flood Insurance Program expired February 28, 2010,” said Brad Carroll, press secretary for FEMA, which includes the flood insurance program”.

full story….

I imagine this will be cleared up quickly but it is unfortunate that politicians rarely consider the collateral damage that their actions can have.

This entry was posted on Tuesday, March 2nd, 2010 at 2:41 pm and is filed under Home, Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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