Cornerstone’s Joshua Butts Discusses Ramifications of National Flood Insurance Program Expiration

The National Flood Insurance Program (NFIP), operated by FEMA, is set to expire at the end of September. The NFIP covers nearly 5 million homes across the country, but 40% of customers, over 1.7 million, are Floridians. What would happen if Congress chooses not to renew NFIP? “It could shut down Florida’s economy,” says Joshua Butts of Cornerstone Insurance.

Florida flood insurance - flooding damage

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