National Flood Insurance Program News
Flood Insurance Program Renewal Likely in Harvey’s Wake: Key Republican
A key Republican said Hurricane Harvey will spur Congress to reach a deal to fund the nation's flood insurance program before it expires next month, even though divisions persist over how much the ...
Harvey Likely to Hike U.S. Flood Insurance Program Debt
The destruction that heavy rain and floods from Hurricane Harvey could inflict on Texas would add to the pile of debt owed by a federal flood insurance program that is due to expire in September, ...
Trump’s FEMA Head Backs Reducing Federal Coverage of Flood Costs
President Donald Trump's emergency management director said he's pushing for an overhaul of disaster relief so that states, cities and homeowners bear more of the costs, and less of the risk falls on ...
As Congress Mulls Flood Insurance Program Renewal, Private Markets Envision Opportunity
Unleashing the invisible hand that has been missing from the flood insurance market for nearly 50 years is no easy task. But private flood insurance experts say the change would be a good thing not ...
Five More Flood Insurance Revamp Proposals Advance in House Committee
The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the ...
More Flood Insurance Bills to Come after Two Advanced by House Committee
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 ...
House Mulling 7 Proposals to Renew/Reform National Flood Insurance Program
House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and ...
U.S. P/C Insurance Groups: House NFIP Reform Bill Would Harm Private Flood Market
The U.S. P/C industry's major trade associations say they oppose several provisions in draft legislation that would revamp the National Flood Insurance Program. Their big worry: that the revamp as it ...