NFIP News

Penn. Encourages Homeowners to Look at Private Market Flood Coverage

The Pennsylvania Insurance Department has created a new “one-stop shop” webpage to make information on private market flood insurance more accessible to Pennsylvania homeowners and renters. In announcing the new webpage, Pennsylvania Insurance Commissioner Teresa Miller said Pennsylvania homeowners, who …

Schinnerer Launches Online Flood Program for Residential, Commercial Properties

Victor O. Schinnerer & Company, an underwriting manager, has launched Schinnerer Flood – an online program offering primary insurance for commercial and residential properties through the National Flood Insurance Program (NFIP) as well as excess coverage through the private market. …

Californians Purchased 28K New Flood Policies in Anticipation of El Nin᷈o

New data from the Federal Emergency Management Agency on National Flood Insurance Program policies shows a big increase in NFIP policies written in California during the month of November 2015, a jump FEMA is crediting to the anticipation of an …

NFS Edge Launches Flood Coverage Option for Condo Associations

NFS Edge Insurance Agency, Inc., a unit of Aon National Flood Services, Inc., through its Insurmark division has launched a new private flood insurance alternative to the Residential Condominium Business Association Package (RCBAP) for condo associations located in high flood …

FEMA’s Sandy Flood Insurance Review Taking Longer Than Expected

The Federal Emergency Management Agency’s review of Superstorm Sandy flood insurance claims is taking longer than expected, with fewer than 200 checks issued. FEMA announced in March the review for as many as 142,000 claims after homeowners complained they were …

Q&A: Florida Representative Backs Call for NFIP Transparency

Florida State Representative Bill Hager says the state is turning up the heat on the National Flood Insurance Program as Florida residents become increasingly concerned with the high rates they are paying for flood insurance coverage. Lawmakers like Hager, State …

N.Y. Assemblyman Seeks to Build Coalition to Fix ‘Broken’ NFIP

New York State Assemblyman Phil Goldfeder (D – Rockaway Beach) is reaching out to congressional representatives in Mississippi and Louisiana communities hardest hit by Hurricane Katrina in 2005 to encourage collaboration on reforming the National Flood Insurance Program (NFIP). Goldfeder …

FEMA Extends Deadline for Requesting Sandy Claims Review to Oct. 15

The Federal Emergency Management Agency (FEMA) announced a 30-day deadline extension for National Flood Insurance Program (NFIP) policyholders who are considering requesting Superstorm Sandy-related payment reviews. The announcement means the initial Sept. 15 deadline has now been formally extended to …

Florida Commissioner McCarty Says NFIP Rates May Be Unfairly Discriminatory

Florida Insurance Commissioner Kevin McCarty said on Aug. 14 that the National Flood Insurance Program’s (NFIP) rates for Florida may be “unfairly discriminatory” and that his office will ask for the actuarial study, including data and models used to determine …

FEMA Encourages Sandy Claimants Seeking Reviews to Meet Sept. 15 Deadline

The Federal Emergency Management Agency says it strongly encourages National Flood Insurance Program policyholders seeking Superstorm Sandy-related payment reviews to submit them by Sept. 15, but will consider all requests that come in. Agency spokesman Rafael Lemaitre said on Aug. …