NFIP private flood News

S&P: Few North Carolina Residents Hit Hardest by Matthew Have Flood Insurance

With historic flood levels in North Carolina receding in the aftermath of Hurricane Matthew, preliminary estimates show that only a sliver of commercial and residential properties in areas most impacted by the storm are covered by policies through the National …

FEMA Responds to Florida’s Flood Rate Request, Sort Of

The Federal Emergency Management Agency (FEMA) has responded to Florida’s request to review the National Flood Insurance Program (NFIP) rates but it may not be as forthcoming and helpful as Florida officials had hoped. In a letter dated Dec. 29, …

Florida Commissioner McCarty Asks FEMA for NFIP Rate Data by Dec. 15

Florida Insurance Commissioner Kevin M. McCarty has followed through on his promise to State Senator Jeff Brandes to investigate the National Flood Insurance Program’s (NFIP) rating practices of Florida insureds. In an Oct. 2 letter to Craig Fugate, administrator of …

National Flood Services Launches Private Flood Product Suite

National Flood Services, a division of Affinity Insurance Services, has introduced a line of private flood insurance products that will be delivered via the FloodChoice agent system. The new products offer options for consumers and insurance agents. According to John …

House Subcommittee Renews Call for Private Flood Insurance

A House Financial Services subcommittee scheduled a hearing for today to focus attention on encouraging flood insurance sold by private insurers as an alternative to policies sold by the National Flood Insurance Program (NFIP). The hearing called by the Subcommittee …