With Congress’ approval of H. R. 4348-512, the Biggert-Waters Flood Insurance Reform Act of 2012 reauthorized funding for the National Flood Insurance Program (NFIP) for five years, until September 30, 2017. The bill was signed into law on July 6 by President Barack Obama. Without congressional and presidential support, funding was set to expire on July 31, again placing thousands of real estate...