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As Maxine Waters takes the gavel of the powerful House Financial Services Committee, it's not clear whom she'll end up disappointing more: business-friendly Democrats or progressive Democrats. ...
U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation's troubled flood insurance program remains stalled in ...
In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) ...
Advocates who have been pushing for renewal of the U.S. federal flood insurance programs in the wake of last year's devastating hurricanes and floods praised Congress for extending the program ...
Reform of the National Flood Insurance Program remains an unresolved issue. Congress must reauthorize the debt-ridden Federal Emergency Management Agency-managed program by March 23. It already has ...
The Trump administration's proposed $12 billion initiative to reduce future flood damage met with skepticism in Congress, as lawmakers warned against diverting emergency funding away from hurricane ...
U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set ...
Opening U.S. flood insurance to private insurers won't lead to a surge of new market entrants, Standard & Poor's asserts in a new report. Even if Congress passes legislation to make the change as ...
The U.S. Senate is gearing up to consider a bill that would revamp and expand the U.S. flood insurance market, and its passage appears likely. A.M. Best said this will be a very good development for ...
The U.S. House of Representatives passed a revamped flood insurance bill by a wide margin. If it becomes law, private flood would meet the mandatory purchase requirement of the National Flood ...
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