Flood Insurance Program running out of time for renewal

November 28, 2018 - 9:14 am
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(WWL.com) -- Time is running out for Congress to renew the National Flood Insurance Program. Flood insurance will lapse if a six-month extension is not passed by Friday. Senator John Kennedy says they’re working towards an extension, but there are lawmakers who are trying to kill the program, permanently.

“Life is hard, but it’s harder when you’re stupid. We have millions of Americans who can’t get flood insurance in the private sector, and they have to have it to buy a home.”

Kennedy says the opposition is not partisan, but geographical, comprised of leaders from non-flood-prone states.

The junior Senator from Louisiana says a lapse would not only endanger the homes of many Louisianans, but could wreck the national economy by putting a halt on the construction of homes in flood zones.

“Talk about gutting our economy. Shut down the home building and real estate industry in American and see what happens.”

Kennedy, alongside much of the Louisiana congressional delegation, is seeking a long term fix that invests in flood prevention projects, and gets a handle on rising insurance costs, while also financially securing the programs future.

“It doesn’t do any good to give people flood insurance if you are going to price it so high they can’t buy it. That’s just stupid.”

But, he says that’s highly unlikely to pass in the last few weeks of the year before the next Congress starts.

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