National Flood Insurance Program (NFIP) News

Democrats’ Climate Change Concern Ebbs When Congress Faces Flood Insurance

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 …

Flood Insurance Lapse Avoided But Longer Term Extension Still Uncertain

The House and the Senate have approved a seven-day extension of the federal flood insurance program that keeps the program from lapsing Friday. That short extension will take the program to Dec. 7, the day by which Congress must pass …

How Taxpayers Subsidize Rebuilding Homes After Flooding… Repeatedly

Floodwaters rose about 15 inches (40 centimeters) into Danielle Rees’ home in September when Hurricane Florence drenched this tidewater city on the Pamlico River and overwhelmed a local creek and marshland. The first floor was a sopping mess of gritty, …

Flood Insurance Program to Lapse Nov. 30 Unless Congress Acts

Once again the fate of the nation’s flood insurance program is coming down to the wire. Authorization for the program is set to expire Friday, Nov. 30 unless Congress acts. The most likely action will be another short-term extension. Sens. …

FEMA Head ‘Ticked Off’ Over Cycle of Inadequate Storm Preparation, Insurance, Evacuations

Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as Hurricane Michael. “It’s frustrating to us because we repeat this same cycle over …

After Florence Floods, Uninsured Awaken to Painful Reality

Flood insurance was far from Stephanie Walker’s mind in 2015 when she moved her family into a home in Fayetteville in central North Carolina, nearly 200 miles (320 km) from the coast. The next year, a creek at the end …

Hurricane Florence a Reminder of Flood Insurance Reforms Stalled in Congress

U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation’s troubled flood insurance program remains stalled in Congress — and as a dangerous new …

Flood Insurance Program Warns Flagstaff About Post-Fire Flooding

The Federal Emergency Management Agency’s National Flood Insurance Program is telling people in the Flagstaff area affected by a recent fire that they should protect their homes and families from flash flooding caused by summer rains. The agency says that …

Commentary: How Florida’s Flood Insurance Model Could Work Nationwide

While Congress works on various reforms to the National Flood Insurance Program (NFIP), the time is ripe for the private insurance market to step up and play a greater role in providing Americans needed flood coverage. Last month in Salt …

FEMA Grows Its Flood Reinsurance Plan with $500 Million Cat Bond

The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets investors. FEMA has entered into a three-year reinsurance agreement, effective August …