NFIP starts year without full authorization

The start of 2003 sees the National Flood Insurance Program (NFIP)in the US temporarily in limbo because Congress ailed to pass all the necessary legislation before it adjourned on 22 November. Strictly speaking the program cannot write new policies or renew existing policies until Congress reauthorizes all the operations of NFIP which it is expected to do shortly after it reconvenes on 7 January.