Thursday, January 3, 2013

Breaking News: Flood Insurance Funds Will Run Out Jan. 7 Without Congress OK: FEMA

Insurance Journal Breaking News
January 3, 2013

Breaking News Alert

Flood Insurance Funds Will Run Out Jan. 7 Without Congress OK: FEMA

Read the full story

The Federal Emergency Management Agency (FEMA), which administers the National Flood Insurance Program (NFIP), has notified Congress that without the approval of additional borrowing authority, funds available to pay claims will be exhausted sometime around the week of January 7.

Payments on more than 115,000 claims in states across the country may be delayed until Congress increases the NFIP borrowing authority, according to FEMA.

Read the full story

Send to a Friend

Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2013 by Wells Media Group, Inc.

No comments:

Post a Comment