FEMA has released details on its new simplified homeowner flood insurance form to streamline the application process and encourage more Americans to sign-up for federal flood insurance. The new specialized form would do away with the existing …
FEMA has just released its Hurricane Ian NFIP Claims Analysis on single-family houses in Southwest Florida and the flood damage was staggering. Ian officially ranks as the fourth most expensive flood disaster by National Flood …
Last Thursday, the US Senate Banking, Housing and Urban Affairs Committee held a hearing entitled, “Reauthorization of the National Flood Insurance Program (NFIP): Local Perspectives on Challenges and Solutions.” This is the latest look at the …
A recent update to an ongoing analysis of chronically-flooded properties shows that their numbers are increasing in the US and Florida while the number of those properties insured under the National Flood Insurance Program (NFIP) has …
Although we are seeing a leveling off of reinsurance costs as of the January 2024 renewals, Congress has initiated legislation to stem reinsurance prices. A bill introduced in Congress last week would establish a federal …
A new bill that would allow monthly payments of NFIP premiums is floated by Florida Senator Rick Scott, Ft. Lauderdale shatters the annual rainfall record by nearly double, and a Chubb survey of insurance brokers …
After another successful takeout period by state-backed Citizens Property Insurance and a resulting and welcoming drop in its policy count, some in Congress are now taking an interest in Citizens’ risk portfolio. They want to …
Private flood insurance is growing as federal flood insurance declines and could be the future of flood coverage, a Florida state senator refiles a bill requiring flood zone disclosures for renters, and FEMA announces …
There was just a passing reference to Hurricane Ian during a congressional hearing last week in which FEMA Administrator Deanne Criswell was called to testify about FEMA’s disaster fund running out of money …
FEMA insists that a vast majority of federal flood insurance policies under the Risk Rating 2.0 system have only seen their premiums increase by under $10 per month or decline, one …
