Temporary extension for NFIP supported

The American Press

Flood Insurance

When it comes to the National Flood Insurance Program, Congress can’t seem to get its act together. The debt-ridden NFIP expires at the end of this month, but Congress is expected to extend it for a four-month period to protect policyholders during the hurricane season.

Nothing happens quickly in Congress, and another brief extension will probably be approved when the November deadline arrives. Congress forgave $16 billion in debt the NFIP owed to the U.S. Treasury in October in order to free up credit so the program could continue paying claims.

Flood insurance is critical to Louisiana homeowners, and their congressmen are at the forefront of trying to protect their interests. House Majority Whip Steve Scalise, R-Jefferson, is pushing a vote this week on the temporary extension and the state’s two Republicans, U.S. Sens. Bill Cassidy and John Kennedy, are buttonholing their colleagues to support the extension.

Disagreements about how to fix the NFIP are holding up a permanent solution. The Advocate said retiring U.S. Rep. Jeb Hensarling, R-Texas, and chairman of the House Financial Services Committee, wants to shrink the program, eliminate subsidies for some high risk homeowners and do aggressive rate hikes on properties that flood often.

Louisiana’s lawmakers take a different view. They want more negotiations rather than making concessions without getting anything in return. The changes Hensarling wants to make would mean high premium increases for many south Louisiana homeowners and could exclude others from the program.

Scalise said, “We’re trying to find a way to get a longer term renewal of the program. But in the meantime, I’m committed to making sure the program doesn’t expire.” No new policies can be issued during a lapse and those with expiring policies could face difficulties renewing their coverage.

The temporary extension would also free members of Congress to campaign for the November midterm elections, which is always their No. 1 concern. Much of their time in office is already spent trying to raise campaign funds.

A long-term solution to the tremendous debt incurred by the NFIP is going to require both sides in this controversial issue to make some of those concessions they have avoided for much too long. A permanent solution can’t come too soon.

Local News

Pair has passion for civic engagement

Local News

Nonprofit director to retire: Hickman has worked for BArc for 39 years

Local News

Christian Youth Theater opens season with ‘Adam’s Family’

Jim Beam

Jim Beam column:Let health experts call shots

high-school Football

Jennings High comes to aid of former foe

Local News

Victims of Ida get glimpse of journey ahead

Local News

Support workers not pleased with supplemental pay plan in Jeff Davis

Local News

Only a fraction of funding reimbursed to Cameron by FEMA

Local News

15 child deaths attributed to COVID in La.

Local News

School Board extends COVID-related sick leave policy

Local News

Kind Vibes Only: CPSO hosts one-mile anti-bullying walk

Local News

Sowela rolls out fifth annual Flying Tigers Car Show

Local News

Parents urge Jeff Davis School Board to oppose any vaccine mandate

Local News

City hiring two agencies to help with disaster recovery financial advocacy

Crime

Man arrested in Monday shooting near McNeese campus

Jim Beam

Jim Beam column:State’s election system secure

Local News

Transfer of Mallard Cove Golf Course to Chennault complete

Local News

Maplewood schools will remain closed Thursday

Local News

Kinder Future Farmers of America collect, deliver fuel to Lafourche Parish

Local Business News

Disaster assistance request for SW La. makes it to budget

Local Business News

Area LyondellBasell plant receives ISCC PLUS certification

Local Business News

When it comes to headwear, Anne Monlezun and Kevin Mattingly have got you covered

Local Business News

Elizabeth Jimney column: Building a website that works for you

Local Business News

Names in the News: People shaping the future of Lake Area business