Trump Halts Floods Insurance Policies

Опубликовано 27 декабря 2018, 16:42
The Trump administration is potentially putting thousands of home sales in limbo as it makes the decision to not authorize new flood insurance policies, citing the partial shutdown of the federal government due to a budget impasse in Congress. On Wednesday the Federal Emergency Management Agency (FEMA), that oversees a federal program that insures approximately 5 million homes and businesses, posted a notice on its website that the program will not be able to “issue new contracts for flood insurance during a lapse in authority unless Congress passes legislation.” Reuters reports the National Association of Realtors estimated the decision could disrupt up to 40,000 home sales each month.

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