The Trump administration on Wednesday asked U.S. lawmakers to approve $29 billion in disaster relief funds to assist victims of recent hurricanes that hit Texas, Florida and Puerto Rico. The aid request includes $12.8 billion in new funds to help …
President Donald Trump last Friday signed legislation reauthorizing the National Flood Insurance Program until Dec. 8, 2017, which buys more time for Congress to consider reforms of the program. The NFIP was set to expire in a few weeks on …
The House Financial Services Committee on Thursday passed two bills to reform the National Flood Insurance Program (NFIP). One is a broad reform proposal that seeks to encourage more private insurance and move the program toward actuarial-based rates, while the …
Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners in areas likely to …
