National Flood Insurance Program News

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 …

Private Flood Insurance a Focus for Pennsylvania Insurance Department in 2017

The Pennsylvania Insurance Department has a plan to continue furthering its initiatives within the private flood insurance market in 2017. This comes after the North Central part of the state of Pennsylvania saw flooding in many areas outside of identified …

Virginia Flood Damage from Matthew Costliest Since Isabel, Officials Say

Virginia suffered only a glancing blow from Hurricane Matthew last month when unprecedented amounts of rain fell, but on Wednesday officials estimated flood damage to be hundreds of millions of dollars, making it the costliest storm since Hurricane Isabel in …

Flawed Flood Maps Hurting Condo Sales in Ocean City, Maryland

Flawed Federal Emergency Management Agency flood insurance maps have caused insurance premiums at some Ocean City, Maryland, properties to skyrocket, but city officials say a resolution could still take months. The Daily Record reports that FEMA officials drew the line …

Penn. Issues Consumer Alert for Homeowners on Appealing Flood Maps

Pennsylvania Insurance Commissioner Teresa Miller issued a consumer alert this week telling homeowners about a process by which they can appeal their property’s placement in a flood zone by the federal government, which in many cases requires them to purchase …