Tag Archives: Flood Insurance

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.   ...

Bad news for homeowners with a flood insurance policy—for the majority of homeowners in flood zones, rates are more than likely going to go up when the policy renewal time comes around.  Starting October 1, 2021, the Federal Emergency Management Agency (FEMA) switched to a new risk rating system colloquially known ...

A panel examined mitigating flood risk through the National Flood Insurance Program and new pricing methodology as a result of Risk Rating 2.0.

Five federal agencies aim to organize and clarify flood insurance requirements for lenders, servicers, and policyholders.

The COVID-19 pandemic may be taking the spotlight right now, but natural disasters will continue this year just like any other year. Unfortunately, many homeowners are not protected with flood insurance.