• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
  • Advertise
  • Submit News
  • Contact Us

Capital Soup

Florida News Straight From the Source

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video
You are here: Home / Government / CFO Jimmy Patronis: National Flood Insurance Program Extension Good for Floridians, Reforms Can’t Skyrocket Rates

CFO Jimmy Patronis: National Flood Insurance Program Extension Good for Floridians, Reforms Can’t Skyrocket Rates

Posted on July 31, 2018

Florida Chief Financial Officer (CFO) Jimmy Patronis released the following statement on congressional action to extend the National Flood Insurance Program (NFIP) until November 30, 2018, coinciding with the end of the 2018 Hurricane Season.

“Flooding is a statewide issue, not just a coastal concern, and it’s important that Florida families take the steps needed to protect their largest asset—their home—from damage. One of the best ways to do this is to have flood insurance. As we approach the peak of the 2018 Hurricane Season, a lapse of the NFIP would have a devastating impact on our state. Considering that floods in Florida have cost more than $5.1 billion over the last 40 years, Florida families and businesses can’t be blindsided when it comes to flood protections.

“The extension comes while talk continues about reforming the program. Any discussion must include keeping rates affordable for Floridians. As the largest donor state to the NFIP, Floridians shoulder the majority of the financial burden for a much-needed coverage. Insurance market certainty and protecting our taxpayers are essential to reforms, but we must also support and encourage private sector involvement. Florida has been a leader in crafting private market solutions and a competitive marketplace will help protect our residents at a reasonable cost.”

Share this article! Share on FacebookShare on Twitter

Filed Under: Government Tagged With: CFO Jimmy Patronis, National Flood Insurance Program

Primary Sidebar

    Submit News    

Supreme Court Asks For Views Of Biden Justice Department In Florida, Texas Social Media Laws

Washington – Supreme Court Justices have asked the federal government’s chief appellate lawyer, the Solicitor … [Read More...] about Supreme Court Asks For Views Of Biden Justice Department In Florida, Texas Social Media Laws

Florida Department of Economic Opportunity Announces $67 Million in Funding Available Through the Rebuild Florida Hurricane Sally Infrastructure Repair Program

Local governments in Bay, Escambia, Okaloosa, Santa Rosa, and Walton Counties can now apply for funding The … [Read More...] about Florida Department of Economic Opportunity Announces $67 Million in Funding Available Through the Rebuild Florida Hurricane Sally Infrastructure Repair Program

Sachs Media Helps Florida League of Cities Unveil New PSA Series

Leading Florida public relations firm produced city services-focused series After six months of planning, … [Read More...] about Sachs Media Helps Florida League of Cities Unveil New PSA Series

Keep in Touch

  • Email
  • Facebook
  • Twitter

Newsletter signup

Stay in the loop! Subscribe to our weekly newsletter to receive a brief recap of the week's most popular stories.

Footer

News

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video

About Us 

  • About
  • Advertise
  • Submit News
  • Contact Us

Keep in Touch

  • Email
  • Facebook
  • Twitter

Copyright © 2021
Terms & Conditions

© Copyright 2023 Capital Soup · All Rights Reserved ·