National Flood Insurance Program News

Federal Flood Insurance Reauthorized Until May 2012

The federal flood insurance program has been extended until May 31, 2012 under another short-term consolidated appropriations bill (H.R. 2055) passed by the House and Senate and signed into law by President Obama on Dec. 23. Had the appropriations bill …

Pennsylvania Gets $420M in Disaster Aid, NFIP Settled $196M in Claims

The federal government has approved $420 million in disaster aid for Pennsylvanians hit by the one-two punch of Hurricane Irene and Tropical Storm Lee. Updated figures from federal and state emergency management officials say more than 94,000 people registered for …

Study: Private Insurers Can Complement National Flood Insurance

There is a new study out that examines the U.S. flood insurance program. And it says that according to its calculations, there are some regions in the country where National Flood Insurance Program (NFIP) premiums are too high. The report …

Despite Consensus, Politics Stymies Federal Flood Reform

In this era of sharp political differences, the need for a national flood insurance program is one area where just about everyone agrees. Even so, the program is a victim of Washington partisanship, actuaries were told at a general session …

Senate Approves Flood Insurance Extension to May 2012

The U.S. Senate passed an extension of the National Flood Insurance Program (NFIP) through May 31, 2012. The legislation, introduced by Sen. David Vitter, R-La., passed the Senate by unanimous consent and must now be taken up by the House …

Senate Asked to Renew Flood Program Until Sept. 2012

U.S. Sen. David Vitter, R-La., has sent a letter to Senate Majority Leader Harry Reid urging him to allow a one-year extension of the National Flood Insurance Program to pass the Senate by unanimous consent. The NFIP is currently scheduled …

Flood Insurance Program Extended Until Dec. 16

Congress has approved yet another resolution to fund parts of the federal government including the nation’s flood insurance program on a short-term basis. This time the funding runs until Dec. 16. The Senate passed the short-term funding bill on Thursday …

Down to the Wire for Federal Flood Insurance… Again

The nation’s flood insurance program is scheduled to expire again on Friday, Nov. 18, 2011, unless Congress takes action. Last month, the House and Senate passed legislation that kept the federal government – and the National Flood Insurance Program – …

National Flood Insurance Program Offers Free Seminars for Penn. Agents

The National Flood Insurance Program (NFIP) said it is offering insurance agents free training seminars on flood insurance in several locations across Pennsylvania. The seminars will cover basic insurance issues and also focus on how best to assist NFIP policyholders …

Senators Oppose Flood Insurance Requirement on Properties Near Levees

Two senators are pressing to remove a federal requirement that homeowners and businesses near levees and dams purchase flood insurance. Senators Thad Cochran (R-Miss.) and Mark Pryor (D-Ark.) have launched an effort to convince their colleagues to overturn a provision …