Capital and Risk, Insurance

Reforms to US Disaster Aid Expose Growing Home Insurance Gap

January 29, 2024

Via: Insurance Journal

When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households recovering from damaging floods and fires. […]

Capital and Risk, Insurance

FEMA Report: Flood Insurance Hikes Will Drive 1 Million From Market

July 25, 2022

Via: Insurance Journal

When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it. But in […]

Capital and Risk, Insurance

Flood Insurance Program Expires Tomorrow Unless Congress Acts

September 29, 2021

Via: Insurance Journal

As Democrats and Republicans in Washington continue to haggle over government debt and spending, federal flood insurance is among the programs facing disruption. Without renewed funding, a government shutdown would begin after the end of the fiscal year tomorrow, Sept. […]

Activity, Insurance

It’s Hurricane Season: A Stark Reminder That You May Need Flood Insurance

August 23, 2018

Via: TheStreet

Far too many people don’t think about flood insurance when buying insurance. Floods actually are the most common type of natural disaster, and most typical homeowner policies do not provide flood coverage. If you don’t think you need flood insurance, […]