FEMA Reverses Decision to Stop Issuing New Flood Insurance Policies

(From Reuters)

FEMA, which oversees the National Flood Insurance Program, said it was rescinding guidance issued on Wednesday that it would not be able to sell new policies during the shutdown unless Congress passes legislation reauthorizing the program. . . .

The National Association of Realtors estimated the decision not to issue new policies could have disrupted up to 40,000 home sales each month.

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