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National Flood Insurance Program Update

President Obama Signs Long-Term Reauthorization of the National Flood Insurance Program

On July 6, President Barack Obama signed the Flood Insurance Reform Act of 2012 to reauthorize the National Flood Insurance Program (NFIP) for five years and make significant reforms to the program. The bill was part of a larger Conference Report that included the surface transportation programs reauthorization and student loan interest rate agreement.

PCI applauds Congress and President Obama for making flood insurance a top priority. This victory marks the end of a tumultuous journey for the NFIP, which had been caught in a cycle of short-term extensions since 2004 and was set to expire on July 31, 2012. This legislation will bring much needed certainty to flood-prone communities and greater stability for the housing market.

Learn More

American Action Forum: Rebuilding our Nation's Flood Insurance Program

H.R. 1309, the "Flood Insurance Reform Act of 2011"

National Flood Insurance (NFIP): The Need for Long-Term Solutions


PCI News Releases

PCI Hails Congress for Passing 5-Year Flood Insurance Reauthorization and Reform Measure | June 29, 2012

PCI Pushes for Long-Term Reauthorization Legislation | May 30, 2012

PCI Applauds House Action on Flood Insurance Program | May 18, 2012

PCI Commends Senate for Urging NFIP Long-Term Reauthorization | February 14, 2012


PCI Resources

PCI White Paper: True Market-Risk Rates for Flood Insurance | June 2011


Other Resources

What is NFIP?

Flood Smart