National Flood Insurance Program (NFIP) News

WV Reminds Local Governments, Non-Profits of Flood Insurance Requirements

The West Virginia insurance commissioner is reminding all state and local governments and non-profit organizations that they could face penalties if they fail to obtain flood insurance on properties in flood hazard areas. “Please review your eligibility for the NFIP …

Houston City Council Approves Plan to Increase Federal Flood Insurance Discounts

Houston residents could see a greater discount on their federal flood insurance premiums as soon as next spring after the Houston City Council on Tuesday approved a watershed master plan expected to improve the city’s class rating in FEMA’s National …

Hurricanes Get the Headlines But Inland Flooding Tops the Disaster List

Floyd County keeps flooding and the federal government keeps coming to the rescue. In July 2022, at least 40 people died and 300 homes were damaged when the eastern Kentucky county flooded. It was the 13th time in 12 years …

FEMA Gives SW Florida a Few More Months on Flood Insurance Discounts

Communities in southwest Florida will continue to enjoy discounts on National Flood Insurance, at least for now, after federal authorities granted a temporary reprieve to punitive actions taken over inappropriate rebuilding in floodplains. “The Village of Estero was notified July …

Viewpoint: FEMA Flood Rule Will Lead to Safer Rebuilding Post-Disaster

FEMA issued a new rule that will increase the nation’s resilience to future flood disasters. The rule is amongst the first adopted by a federal agency that will require federally funded projects to be sited and designed with future climate …

Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance

A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president, has been met with approval from a private flood insurer but sharp skepticism from economists and insurance agents who say …

Biden Administration Raises FEMA Bar for Flood Resilience

The US Federal Emergency Management Agency (FEMA) has finalized a rule mandating that projects built using its funds not only take into account previous and current levels of local flood risk, but for the first time consider the future risk …

Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance

Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report. Those are several of the recommendations by a task force that studied ways to …

North Carolina, Florida Home Sellers Facing New Flood Disclosure Requirements

As of this week, home sellers in North Carolina must now disclose previous flood damage to properties. And come Oct. 1, Floridians must make similar disclosures, potentially boosting the demand for flood insurance. The North Carolina Real Estate Commission this …

Coverage Needed: Hundreds of Thousands in SE Now in Flood Zones With New Maps

Many more properties, including hundreds of thousands of homes across Florida and other parts of the Southeast, will be required to purchase flood insurance after July 31, due to revisions in federal flood maps. For some of the most exposed …