A coalition of insurance groups including the American Insurance Association and the Property Casualty Insurers Association of America said in a statement that the “inability of FEMA to act as directed by our elected officials is disappointing” and urged FEMA to reverse the decision.
Calls to FEMA’s press office reached a recording that said representatives were unable to return general press queries “due to the federal funding hiatus.” The agency said on its website that the National Flood Insurance Program would continue to process and pay claims on policies issued before the government shutdown until funds are exhausted.
“FEMA and Congress have never failed to honor the NFIP’s contracts with policyholders,” FEMA said on the website.
This article was provided by Bloomberg News.