In the past five years, all 50 states have experienced some type of flooding. Flooding has led to disasters throughout the decades, and this year, it is expected to become unprecedented yet again. Despite a long history of flood-related disasters …
A key House committee has passed legislation to renew the National Flood Insurance Program for five years and institute various reforms. The House Financial Services Committee, by a bipartisan vote of 59 to 0, approved the comprehensive measure (H.R.3167) that …
A Congressional stalemate over flood insurance highlights the difficulty of enacting the type of reforms urged last week in a U.S. government report on climate change — even for Democrats, who embraced the report’s findings. The heavily indebted National Flood …
The House of Representatives passed a measure to reauthorize the nation’s flood insurance program for four months beyond its current July 31 expiration date. The House measure to renew the National Flood Insurance Program (NFIP) until November 30, 2018, contains …
The Trump administration’s proposed $12 billion initiative to reduce future flood damage met with skepticism in Congress, as lawmakers warned against diverting emergency funding away from hurricane survivors. “We’ve got folks who are suffering,” said Mario Diaz-Balart, a Republican congressman …
A U.S. flood insurance program that is drowning in billions of dollars in debt can be modernized to bolster its finances while curbing the public’s exposure to flood risks, a national coalition said in a reform proposal unveiled on Wednesday. …
The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, taxpayer and insurance groups. Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee, announced …
Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address affordability of the coverage before implementing rate …
A bipartisan proposal to delay federal flood insurance rate hikes that took effect Tuesday is being stymied by a bitter congressional dispute over President Barack Obama’s signature health care law, Sen. Bill Nelson said. Nelson, D-Fla., along with U.S. Sens. …
Flood maps aren’t due out for Alabama until next December, but the specter of rising flood insurance premiums is undeniable. Congress, seeking to undo the damage done to the National Flood Insurance Program after 2005, changed the policy to impose …
