Larry in the wings
This morning’s death toll in the U.S. from Hurricane Ida stands at 67 in a surprising twist where the worst calamity was not at the point of landfall but days later and hundreds of miles away. …
Ida’s September Surprise
Story Tag: National Flood Insurance Program
Congress Takes Positive Step on Flood Insurance
New bill eases homeowners’ penalty
The U.S. House of Representatives is trying once again to fix a major roadblock that has prevented some homeowners from shopping around for private flood insurance as an alternative to their National Flood Insurance Program …
Flood Digest
Defending Risk Rating 2.0
Congressional hearings continue on long-term reauthorization of FEMA’s National Flood Insurance Program (NFIP) which is set to expire September 30. More elected officials from coastal states are weighing in on the NFIP’s Risk Rating 2.0 “Equity …
Flood Digest
Federal flood insurance debates
Congressional hearings got underway recently on long-term reauthorization of the National Flood Insurance Program (NFIP) and on what, if any, guidance Congress should give to FEMA on the NFIP’s new Risk Rating 2.0 pricing program set …
Flood Digest
NFIP reauthorization, private flood
Congress is gearing up for its annual effort to reauthorize the National Flood Insurance Program (NFIP) and early proposals call for limiting rate increases on federal flood insurance. Meanwhile, a new report suggests it will take …
Flood Digest
Record flood claims
The National Flood Insurance Program hit another claims payout record in 2020, along with news that Florida had five of the eight counties in the country accounting for half of all payouts. Meanwhile, one of those, Pinellas …
FEMA’s Risk Rating 2.0
Nearly 1.4 million Floridians will pay more
FEMA last week rolled-out specifics on its new Risk Rating 2.0 flood insurance rates in the wake of renewed criticism by some congressional leaders that it lacks authority to do so and that …
New Details on Risk Rating 2.0
Plus a new look at flood rate inadequacy
With the news that FEMA is delaying the premier of its new flood insurance rates from April 1 to October 1 – and phasing them in – comes new details on exactly …
Private Flood Insurance Bills Advancing in 3 States
NFIP raising rates up to 25%
There are three states whose legislatures are teeing-up bills to provide the needed structure and encouragement for development of a private flood insurance market. The idea is to help consumers, whether residential or commercial …
New Call to Disclose Flood Risk
Pending FEMA report’s warning
A FEMA advisory board is recommending that past flood damage and future risk be disclosed during the sale of a home. It noted Florida as one of 21 states that don’t require sellers to specifically disclose …
