The Florida Office of Insurance Regulation announced that the Federal Emergency Management Agency (FEMA) has granted another extension giving National Flood Insurance Program (NFIP) policyholders in Florida an additional 60 days to file a complete, signed, and sworn proof of …
A U.S. flood insurance program that is drowning in billions of dollars in debt can be modernized to bolster its finances while curbing the public’s exposure to flood risks, a national coalition said in a reform proposal unveiled on Wednesday. …
The National Flood Insurance Program (NFIP) says there are now more than 480,000 active NFIP flood policies in Louisiana following the March and August floods, representing an increase of more than 35,000 policies. NFIP had the largest monthly increase of …
For just the second time in its history, the federal government’s National Flood Insurance Program (NFIP) has reinsurance to help it weather major storms. The Federal Emergency Management Agency (FEMA), which manages NFIP, announced that it has secured more than …
Four months after devastating flooding ravaged South Louisiana, nearly 30,000 new flood insurance policies have been written in the affected areas, the Louisiana Department of Insurance announced. As of July 30, the total number of National Flood Insurance Program (NFIP) …
Before McCarty announced his decision to leave office, he initiated dialogue with the Federal Emergency Management Agency (FEMA) over the National Flood Insurance Program’s rate making. Citing the fact that the flood insurance rates Floridians pay are the highest in …
In January, Federal Emergency Management Agency administrator Craig Fugate gave states a choice for dealing with climate change. Option A: Do nothing about the rising toll of extreme weather, and hope Congress’s threats to restrict disaster aid — by raising …
Improvements to the Council Bluffs, Iowa, levee system continue step-by-step as city officials keep hoping it’s fast enough to beat federal government action that could cost homeowners a boatload of cash in flood insurance. The city council approved the plans …
Thousands of property owners may have to purchase flood insurance for the first time as new flood maps go into effect next year in Davidson County. The Federal Emergency Management Agency last month finalized revised flood maps for the county, …
Hurricane Matthew, which swept through parts of the Caribbean and United States, had total economic losses of up to US$15 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. In the U.S., economic losses (or non-insured losses) from …
