Tag Archives: Flood Insurance

Senate Banking Committee Chair Sharrod Brown recently held a hearing to discuss the future of the National Flood Insurance Program, featuring a panel of experts highlighting the many repercussions of an expiration in the program.

Only a quarter of respondents living in medium-risk flood areas who participated in Fannie Mae’s Flood Survey were familiar with government-backed flood insurance plans, what they cover, and—more specifically—what they don’t cover.

Tapped to oversee Dovenmuehle’s insurance department, 30-year industry vet Patricia McCarthy will bring her experience in managing compliance, mortgage operations, loan processing, and customer service departments to her new role.

A new intelligence report written by Scott Giberson, Principal of Product Compliance for CoreLogic, puts some common misconceptions about flood insurance under the microscope.

A recent Senate Banking Committee hearing featured a number of witnesses testifying on behalf of the reauthorization of the NFIP, which is set to expire September 30, 2023.

“The above analysis clearly indicates a property in flood zones sells for less and appreciates slower over time than a similar property outside flood zones, given everything else is equal, in Miami,” according to CoreLogic's report.

While properties in Louisiana are most at-risk of flooding, an analysis of FEMA and Value Penguin data concluded that West Virginia had the highest percentage of homes that would be impacted in a 100-year storm.

A recent Senate Banking Committee hearing discussed the impending expiration of the NFIP, a measure that provides $1.3+ trillion in coverage to nearly five million homes and businesses. What can be done to enhance the Program and ensure it continues to meet homeowners’ needs?

It seems that the Federal Emergency Management Agency Risk Rating 2.0, which is changing up where and how much people are being charged for flood insurance, is impacting Texas and Florida the hardest.  FEMA’s Risk Rating 2.0 raises flood insurance ...

The consumer question at bay, do insurance companies cover natural disasters?  The answer is, there is no single insurance policy specifically labeled for natural disasters, but there are homeowners insurance plans that cover several types of potentially home-damaging catastrophes.   ...