National Flood Insurance Program News

Note to Texas, Florida: Insurance Fights Over Sandy Rage On

The destructive floodwaters of Superstorm Sandy receded quickly, but some storm victims are still neck-deep in a battle over insurance payouts. And many victims of this year’s storms in Texas, Florida and elsewhere should brace themselves for a similar fight, …

U.S. Flood Insurance Program Expects $11B in Texas Flood Payouts

U.S. officials estimate the FEMA-run National Flood Insurance Program will make $11 billion in payments for flooding in Texas caused by Hurricane Harvey, the program’s administrator Roy Wright said. Additionally, in an attempt to make those payments more quickly, homeowners …

Louisianans Again Given More Time to Submit Flood Insurance Form

Louisiana residents who had damage from last summer’s widespread flooding have more time to submit the proof of loss form required for a flood insurance claim. The deadline’s been extended until the end of the year. FEMA says more than …

35K Harvey Flood Insurance Claims Filed by Noon on Aug. 30

The government-run U.S. flood insurance program had already received 35,000 claims as of noon on Wednesday as a result of catastrophic flooding in Texas, according to the program’s director. “This is a very fast clip for them to move,” said …

Time to Submit Louisiana Flood Insurance Form Winding Down

Louisiana residents who had damage from last summer’s widespread flooding have two weeks to submit the proof of loss form required for a flood insurance claim. FEMA says more than 29,600 claims have been filed with the National Flood Insurance …

Vullo Calls on Insurers, Congress for Action in Wake of Lake Ontario Flooding

As part of New York’s continuing response to flooding in the Lake Ontario region, the New York State Department of Financial Services (DFS) is reminding property and casualty insurers of their responsibility to work toward fair and speedy resolution of …

Big Bills Faced by Utahans Who Don’t Have Flood Insurance

It’s been more than two months since northern Utah resident Wyatt Brammer’s house was damaged from flooding and he still hasn’t gotten it fixed. After 33 inches of water filled his basement, he said, it could cost as much as …

Flood Insurance Looks Like One Area of Bipartisan Agreement

Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners in areas likely to …

Better Data, Models Expand Private Flood Insurance Opportunities: Actuaries

As Congress considers reauthorization of the National Flood Insurance Program (NFIP), it should take into account specific insurance market, technological advances and other developments in weighing its options, according to the nation’s actuaries. A new report, “National Flood Insurance Program: …

California May Exit Federal Flood Program, According to Reports

After learning a lesson from what could have been the largest dam disaster U.S. history, California officials are reported to be considering withdrawing from the National Flood Insurance Program. Capital Public Radio is reporting that a proposal to exit the …