Sens. Bob Menendez (D-NJ) and Bill Cassidy (R-LA) introduced bipartisan legislation that would reauthorize the National Flood Insurance Program (NFIP) for five years and make several changes to the program. The National Flood Insurance Program Reauthorization and Reform Act of 2023 has a House companion bill, which is sponsored by Reps. Frank Pallone (D-NJ) and …
Louisiana is leading a coalition of 10 states suing the Federal Emergency Management Agency (FEMA) and the Department of Homeland Security over increasing flood insurance rates. The other nine states are the PIA Western Alliance states of Montana and Idaho, and Florida, Kentucky, Mississippi, North Dakota, South Carolina, Texas and Virginia. The suit was filed …
10 States Suing FEMA Over High Flood Insurance Premium Increases Read More »
Department of Homeland Security Secretary Alejandro Mayorkas says the National Flood Insurance Program (NFIP) reforming Risk Rating 2.0 — itself — needs reforming. In some circles — like most of the Gulf states and states along the East coast — the reforms have been very unpopular. Many in Congress — from both parties — are …
Biden Administration — The Flood Insurance Reforming Risk Rating 2.0 Needs Tweaking Read More »
The recent, nearly overwhelming, flooding in California has brought the importance of flood insurance, and understanding flood insurance, to the forefront. A new survey titled, The Neptune Consumer Survey of Flood Risk Awareness, finds that a huge percentage of consumers are totally confused about flood insurance. Most insurance people understand flood insurance but very few …
Flood Insurance — What Consumers Don’t Understand Read More »
