How the private market can help
Floridians are left unable to renew their federal flood coverage mid-shutdown, players in the private flood insurance market say they’re ready to take over that flood risk and write often less-expensive policies, and a …
New reports show underinsured areas & “paradoxical” development
A new report from the Consumer Financial Protection Bureau finds many properties may be underinsured in non-coastal flood zones, FEMA’s maps may be lulling homeowners into a false sense of security, and …
SW Florida communities hope to keep flood discount
A series of regular meetings over recent weeks between FEMA and five Southwest Florida governments has helped clear up some of the confusion and miscommunication that local officials say led to FEMA’s …
Plus, the easing FEMA standoff in Southwest Florida
Some new data and insights from a state insurance roundtable that included policyholders, FEMA has extended its deadline and is said to be working closely with five Lee County governments to save …
FEMA eliminates flood discounts for violations
Elected officials from both the state and federal governments are appealing to FEMA officials to at least reconsider – if not overturn – their decision in late March to eliminate the 25% discount on …
More consumer choice
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 …
Familiar themes, elusive solutions
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 …
Plus, protecting renters from flood risk
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 …