We are pleased to report that Congress has passed a bill that has reauthorized the National Flood Insurance Program (NFIP) prior to the program’s expiration. The bill contains a short-term reauthorization that extends the statutory authority to issue flood insurance policies pursuant to the NFIP until September 30, 2009.
This short-term statutory authorization will allow us to continue issuing flood insurance policies with no impact to you or your customers. Travelers will continue to work with industry trades, legislators and FEMA to help support a longer term reauthorization of the NFIP prior to the expiration on September 30, 2009.