National Flood Insurance Program News

Connecticut Consumers Urged to Review Policies Ahead of Storm Season

Connecticut Insurance Commissioner Andrew N. Mais is urging homeowners to review their insurance policies before the upcoming tropical storm season. Peak hurricane season in Connecticut begins in mid-August and runs through late October. Mais says policyholders should discuss with an …

4 Arkansas Counties Cleared to Get Disaster Assistance

The Federal Emergency Management Agency says four more counties in Arkansas have been approved for disaster assistance as a result of damage from storms and flooding that began May 21. Heavy rains produced record flooding in the state, especially along …

New Orleans to Elevate Houses That Flood Repeatedly

The city of New Orleans is using a $12.5 million grant to elevate more than 50 houses that have experienced repeated flooding. The city says in a news release that the money comes from the Federal Emergency Management Agency’s Flood …

Insurance Commissioner Confers with Connecticut Congressional Delegation

Connecticut Insurance Commissioner Andrew N. Mais joined more than 40 of his colleagues from the National Association of Insurance Commissioners (NAIC) last week to highlight important issues for members of U.S. Congress. Some of the topics raised were federal reforms …

Altman Says Private Market Flood Insurance Has Grown in Pennsylvania

Pennsylvania Insurance Commissioner Jessica Altman said the number of private market flood insurance policies in Pennsylvania jumped 72 percent from February 2018, as she continued urging homeowners, business owners and renters to shop around in the increasingly competitive flood insurance …

Virginia Honors Independent Agents for Efforts to Fill Flood Insurance Gaps

The Virginia House of Delegates passed a joint resolution that would designate the first full week in March each year as Trusted Choice Independent Insurance Agents Week beginning in 2019. HJ 703, introduced by Del. Buddy Fowler (R-Ashland), recognizes the …

Study: Houston Needs $2B More in Federal Funds to Fix Harvey Housing Damage

An estimated 130,000 Houstonians affected by Harvey were overlooked in the city’s original housing needs assessment, according to the Houston Housing and Community Development Department. To fix the previously neglected damage, the city needs an extra $2 billion in federal …

Hurricane Florence Likely to Expose Gaps in Flood Insurance

The number of Americans with flood insurance is on the rise, yet Hurricane Florence is likely to make it painfully clear that too many homeowners in the Carolinas and other vulnerable regions remain unprotected. . An analysis of federal flood …

Hurricane Florence Could Pressure Congress to Extend NFIP, IIAV’s Bradshaw Says

Hurricane Florence could put pressure on U.S. Congress to extend the National Flood Insurance Program, but “it is still an open question as to whether it will lead to a comprehensive reform bill passing,” Robert Bradshaw, president and CEO of …

A.M. Best: Insurers Equipped to Handle Hurricane Lane Losses

A.M. Best is expecting Hurricane Lane to be considered more of a flood event than a wind event. As a result, the storm that buffeted Hawaii should bring a potential triggering of the National Flood Insurance Program’s reinsurance program into …