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Flood Insurance Lobbying Up

The number of groups lobbying on flood insurance jumped 51 percent in the second quarter of 2017 from the same time last year, as Congress ramped up work on renewing a federal program key to the lenders, insurers and other businesses operating in flood-prone communities...
August 15, 2017

Flood Lobbying

The number of groups lobbying on flood insurance jumped 51 percent in the second quarter of 2017 from the same time last year, as Congress ramped up work on renewing a federal program key to the lenders, insurers and other businesses operating in flood-prone communities.

Congress hasn’t yet reauthorized the National Flood Insurance Program, and heavy lobbying has continued as the Sept. 30 program expiration looms, the records indicate. The NFIP supplies almost all of the flood insurance in the country. A lapse in the program’s authorization would mean that the Federal Emergency Management Agency (FEMA), which runs the program, can’t issue new or renew existing coverage policies. If that happens—as it has in the past—lenders won’t typically lend money, crippling related industries such as construction and real estate sales.

The largest influx of new lobbying groups on flood insurance were municipal interests. They constituted about 30 percent of the 53 new groups that filed in the second quarter of 2017, according to a survey by Bloomberg.

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