flood insurance News
Over 250,000 U.S. Properties Have Repeat NFIP Claims: Report
More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data ...
Maine State Leaders Consider Public Flood Insurance
State leaders tasked with reviewing Maine's preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine has seen seven federal disaster declarations for ...
Conflicting Dam Federal Policies May Lead to Pricier Flood Insurance, Higher Risk
Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or be left unaware of danger posed by dams built upstream from their homes and ...
Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance
A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president, has been met with approval from a private flood insurer but sharp ...
Devastating Midwest Storms Highlight Lack of Flood Insurance
Rick Satterwhite's house backs up to the Missouri River, but flood insurance hadn't really seemed necessary – until this week, when he had to pump water out of his basement after a round of ...
Coverage Needed: New Maps Put Hundreds of Thousands in SE Flood Zones
Many more properties, including hundreds of thousands of homes across Florida and other parts of the Southeast, will be required to purchase flood insurance after July 31, due to revisions in federal ...
U.S. E&S Sector Is Booming…But Is it Too Much Business to Handle?
The excess and surplus lines and specialty insurance market is booming and looks set to continue its upward trajectory. The question is whether the sector currently has the resources to take ...
FEMA Adds Nearly $620M to Reinsurance Program
FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program's financial risk to the private reinsurance market as part of its 2024 reinsurance ...
Temporary Fix Keeps National Flood Insurance Operating, But Only Until Nov. 17
Real estate interests and insurance companies that administer National Flood Insurance Program policies are heaving a sigh of relief after Congress approved a last-minute ...