federal flood insurance reform News

Wildlife Protection Rezoning Could Mean Flood Insurance Aid for 900 Coastal Mansions

On an exclusive Connecticut peninsula, where signs warn outsiders to stay off private roads, eight multimillion-dollar homes with sprawling yards along the Long Island Sound are poised to become eligible for taxpayer-funded disaster aid. That’s despite the fact that the …

Senators’ Flood Insurance Measure Includes Premium Cap, Mitigation, Claims Reforms

A bipartisan group of U.S. senators from coastal states — including three running for president– unveiled a comprehensive flood insurance reform measure they see as an alternative to measures recently passed by a House committee. The Senate proposal, which builds …

How Insurance Brokers, Risk Managers View the Political Dysfunction in Washington

Congress is headed for a “major showdown” over the flood insurance program, according to an insurance broker lobbyist who notes that the program expires July 31, right in the middle of hurricane season. That also happens to be the very …

Keeping Flood Insurance Above Water: Commentary

With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform Act has passed the House and moved to …

House Passes Flood Insurance Program Extension with Reforms

The House of Representatives on Tuesday voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills that reauthorizes the National Flood Insurance Program (NFIP) until 2022 and introduces various reforms. The fate …

Mass. Regulator Offers Update on Industry Developments, Boston Bombing Claims

Massachusetts’ top insurance regulator recently spoke about the state of the insurance industry in Massachusetts, with topics ranging from the auto insurance marketplace and the Biggert-Waters Flood Insurance Reform Act to Boston bombing insurance claims. Speaking at the Massachusetts Association …