Chief Compliance Officer Kirk Stephens, CRCM, has provided critical insight into the expected lapse in funding for the NFIP, pending on Saturday, September 30, 2023 at midnight. The risk of the potential for a lapse in funding the NFIP is elevated due to the current political landscape around budget negotiations among lawmakers in Washington. The Bulletin breaks down the implications of this lapse in funding, and what you and your insureds need to do.

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