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- APCIA Expresses Concerns NFIP Could Lapse as Atlantic Hurricane Season Begins
WASHINGTON, D.C. — Nat Wienecke, senior vice president of federal government relations at the American Property Casualty Insurance Association (APCIA) issued the following statement:
“With the Atlantic hurricane season just days away, we are disappointed that the House would leave town without reauthorizing the NFIP. Given the program’s pending expiration, we call on Congress to extend the program immediately, ensuring thousands of their constituents are not left without an ability to protect their largest financial investment. When the NFIP lapses, consumers are unable to purchase new flood insurance policies, or renew their existing coverage. This results in lenders halting the closings on new home purchases, and existing policyholders with no way to renew their insurance policies.”
- Representing nearly 60 percent of the U.S. property casualty insurance market, the American Property Casualty Insurance Association (APCIA) promotes and protects the viability of private competition for the benefit of consumers and insurers. APCIA represents the broadest cross-section of home, auto, and business insurers of any national trade association. APCIA members represent all sizes, structures, and regions, protecting families, communities, and businesses in the U.S. and across the globe.
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