From the bright and informed folks over at the Association of State Floodplain Managers:
As part of a unanimous consent agreement last night, the Senate cleared a measure (HR 5569) that would extend the authorization of the National Flood Insurance Program until September 30, 2010. It was previously passed by the House, so it will become effective as soon as President Obama signs it, which is expected very soon. The effective date is retroactive to May 31, 2010, covering the period since the program lapsed. This means that policies may now be issued for applications and premiums received on or after June 1 and claims for covered losses can be processed.
Glad to see this passed, and this is certainly good news for those in the Gulf of Mexico who are potentially facing wind, waves, and oil this hurricane season, BUT: we have to do this all again in 3 months?