August 2, 2023
FEMA’s National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021 but the program faces a potentially significant premium shortfall, a study by the U.S. Government Accountability Office (GAO) found. Published ahead of reauthorization of …
September 29, 2019
President Donald Trump has signed a continuing resolution that will avoid a federal government shutdown by funding the government at current levels until Nov. 21. The Republican-led Senate voted 82-15 in favor the temporary funding resolution last Thursday after the …
September 22, 2019
The Democratic-controlled House of Representatives last week passed a continuing resolution to extend federal government funding through Nov. 21 and avoid a government shutdown at the end of the month. The bipartisan vote of 301-123 saw three Democrats vote no …
December 28, 2018
Last Friday evening, the Federal Emergency Management Agency (FEMA) announced that the National Flood Insurance Program (NFIP) will resume the normal sale of new insurance policies and the renewal of expiring policies. This order rescinded an earlier decision that halted …
December 27, 2018
As indicated by a report by Insurance Journal over the holidays, the Federal Emergency Management Agency (FEMA) is limiting the authority of the nation’s flood insurance program to issue new and renewal policies during the federal government shutdown. The insurance …