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Wednesday, October 2, 2013

Flood Insurance Remains Available

The National Flood Insurance Program (NFIP) yesterday announced that it is continuing to operate during the government shutdown. Since NFIP is funded by subscriber premiums, not congressional appropriations, the program is allowed to stay open.

According to a Notice from the NFIP, “[Write Your Own] Companies and insurance agents should continue all NFIP functions as they normally would. Letter of Credit (LOC) functions will also continue to be handled as usual.”

Read the notice.