For private flood insurance companies, the government shutdown is good for business
toggle caption Kerry Sheridan/AFP via Getty Images
MIAMI — Among those feeling the pain of the government shutdown are people in coastal areas and other locations where they need flood insurance.
The government-backed National Flood Insurance Program stopped writing new policies on Oct. 1 and can't resume until it's reauthorized by Congress. That may force buyers to postpone or cancel home sales.
Andy Kasten, an insurance broker in Fort Lauderdale, says the shutdown is already having an impact in Florida — the nation's biggest flood insurance market.
Continue Reading on NPR
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.