FEMA Buys More Flood Reinsurance; Decision Near on Insurance Rate Change Plan March 5, 2021 The federal government has bought additional reinsurance to cover losses of the National Flood Insurance Program. On Feb. 23, the...
Many States Lack Flood Risk Disclosure Laws for Homebuyers March 1, 2021 Homebuyers in nearly half of the states including hurricane-prone Florida can be left in the dark about the flood risks...
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses February 22, 2021 By Andrew G. Simpson If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured...
Over $115M in Federal Flood Insurance Paid in Louisiana for 2020 Hurricanes February 2, 2021 As of Feb. 1, the National Flood Insurance Program (NFIP) has paid out more than $115 million in flood claims...
Keeping Up with Changes in Florida’s Growing Private Flood Market January 25, 2021 By Garrett Mitchell Flooding is America’s number one natural disaster and as the highest “at risk” state in the country, Florida is the...
Viewpoint: How the Northeastern U.S. Private Flood Market Can Close the Coverage Gap December 22, 2020 By Garrett Mitchell The northeastern U.S. is one of the key areas of the country at risk for flooding, as evidenced by the...
South Carolina Passes Flood Insurance Law to Boost Private Market October 6, 2020 By Amy O'Connor The state of South Carolina is aiming to foster new flood insurance coverage options through the enactment of the South...
Trump Signs Stopgap Government Funding Measure with 1 Year Flood Insurance Renewal October 1, 2020 President Donald Trump signed a funding measure that will keep the federal government running until Dec. 11. The continuing resolution...
NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best September 18, 2020 Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires...
Tracking Tool Spotlights Repetitive Flood Loss Homes Receiving U.S. Taxpayer Funds September 15, 2020 By Leslie Kaufman Passaic County in New Jersey is not in the hurricane belt nor is it on the banks of a major...