Overview

• The National Flood Insurance Program provides about $1.3 trillion in coverage to roughly 4.7 million policyholders across the country.
• If authorization expires, FEMA cannot issue new policies or renew existing ones, and its borrowing authority would drop from about $30.4 billion to $1 billion.
• A lapse could stall mortgage closings in flood zones, recalling 2010 disruptions when an estimated 1,400 home sales were delayed or canceled each day.
• FEMA data show Louisiana has received $20.7 billion across more than 361,000 claims since the program began, led by $7.2 billion in Orleans Parish.
• The deadline is tied to efforts to avert a federal shutdown, with congressional leaders scheduled to meet President Donald Trump at the White House today.