SMARTERSAFER.ORG URGES SENATE TO VOTE ON NFIP REFORM: SmarterSafer.org is urging the U.S. Senate to quickly vote on a comprehensive flood insurance reform bill that reauthorizes the program for five years prior to the expiration of the program on May 31st. Though the House passed a reform bill with over 400 votes in its favor, and the Senate Banking Committee passed its bill unanimously, the full Senate still has yet to consider this bipartisan legislation. SmarterSafer.org is urging the Senate to quickly pass the bill, and to also pass a short term extension to ensure the program does not lapse in less than two weeks.
GROUPS KEEP NFIP ‘FLOOD THE HILL’ CAMPAIGN GOING STRONG: The pressure on the Senate to act on a long-term National Flood Insurance Program extension continues. Trade groups across multiple industries keep the “Flood the Hill” campaign going with visits to Capitol Hill offices, media and a recent letter sent to the Senate to push for immediate action. “We urge the full Senate to act now to reauthorize this program and avoid the costly consequences that would result in a lapse from failure to act,” the letter says. The letter was signed by 26 trade groups representing insurance, reinsurance, banking, credit unions, and commercial and residential real estate interests. Click here to read more.
CONGRESS SHOULD REAUTHORIZE, REFORM NFIP: In an op-ed in U.S. News, David Sampson, President and CEO of the Property Casualty Insurers Association of America, urged Congress to pass NFIP reform before hurricane season begins. “June 1 marks the first day of the 2012 Atlantic hurricane season. And if Congress does not act, it could also be the day that millions of homeowners, renters, and businesses learn the hard way their property is not insured against the devastating floods that often follow a hurricane,” Sampson wrote. “The flood program not only needs to be reauthorized, but it is desperately in need of structural reform.” Click here to read more.
SmarterSafer.org is a national coalition made up of a diverse set of voices united to support environmentally-responsible, fiscally-sound approaches that promote public safety. The Coalition strongly opposes legislative proposals that encourage people to build homes in hurricane-prone, environmentally-sensitive areas by creating new programs that directly or indirectly subsidize their homeowner’s insurance.