Flood Insurance Policies Suspended

Flood Insurance Policies Suspended

BEAUMONT, November 16, 2005 - KBTV-4 News in Beaumont, Texas has learned the National Flood Insurance Program has temporarily suspended all claim requests. FEMA officials tell us this is because the program is nearing its borrowing limit.

Currently, the program has a $3.5 billion borrowing limit. They are requesting an additional $5 Billion.

FEMA says this request has passed a US House vote and they are currently awaiting senate approval. They say this request is due to the largest insurance payout in our nation’s history from hurricanes Katrina and Rita.

Local insurance agencies are urging those with national flood insurance policies to contact their senator.

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