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Tag: National Flood Insurance Program


Capital and Risk, Insurance, Regulations

More Sponsors Sign on to Flood Insurance Reform Bill

November 9, 2021

Via: Insurance Journal

Two Florida representatives have joined the list of officials pushing for a change in the National Flood Insurance Program. U.S. Rep. Val Demings, R-Orlando, who is running for the Senate, is one of 17 cosponsors of the NFIP Reauthorization and […]


Capital and Risk, Insurance, Regulations

Louisiana Private Flood Insurance Bill Returned to House from Senate

May 20, 2021

Via: Insurance Journal

A Louisiana bill that would make it easier for private flood insurance carriers to offer flood insurance in the state has been sent back to the House to contemplate amendments added by the Senate. House Bill 577, by Rep. Scott […]


Capital and Risk, Insurance

Study: Floridians in Flood Zones Underpaying for Flood Insurance by Average of 379%

March 15, 2021

Via: Insurance Journal

If you live in Florida, you should probably be paying more for flood insurance. And you likely will be soon. That first finding is the conclusion of a new analysis by First Street Foundation, a nonprofit research group focused on […]


Activity, Insurance

Over $115M in Federal Flood Insurance Paid in Louisiana for 2020 Hurricanes

February 2, 2021

Via: Insurance Journal

As of Feb. 1, the National Flood Insurance Program (NFIP) has paid out more than $115 million in flood claims in Louisiana in response to the 2020 hurricane season. FEMA reported that 35% of Louisiana NFIP flooding claims came from […]


Activity, Insurance

Federal Flood Insurance Premiums Could Rise in Flood-Prone Areas Under Trump Plan

March 12, 2019

Via: Insurance Journal

Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National Flood Insurance Program. […]


Activity, Insurance

Flood Insurance Program to Lapse Nov. 30 Unless Congress Acts

November 19, 2018

Via: Insurance Journal

Once again the fate of the nation’s flood insurance program is coming down to the wire. Authorization for the program is set to expire Friday, Nov. 30 unless Congress acts. The most likely action will be another short-term extension. Sens. […]


Activity, Insurance

Key House Chairman Wants Flood Insurance Reforms, Not Just Renewal

August 29, 2017

Via: Insurance Journal

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 federal government should be on the hook […]