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 ...
Read More »Senate Hearing Addresses Flood Insurance
A panel examined mitigating flood risk through the National Flood Insurance Program and new pricing methodology as a result of Risk Rating 2.0.
Read More »Federal Agencies Propose Clarifications to Flood Insurance Rules
Five federal agencies aim to organize and clarify flood insurance requirements for lenders, servicers, and policyholders.
Read More »High-Risk Homes Lack Flood Insurance
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.
Read More »FEMA Extends NFIP Grace Period
The extension applies to National Flood Insurance Program policies with an expiration date between February 13-June 15, 2020.
Read More »Addressing Homeowner Flood Insurance Misconceptions
Many homeowners are in the dark when it comes to what is and isn't covered in their homeowners insurance policy. Here's what they need to know.
Read More »Waters: National Flood Insurance Program Remains “At Risk”
During a recent conference, Rep. Maxine Waters, Chairwoman of the House Financial Services Committee, outlined her priorities for strengthening the National Flood Insurance Program.
Read More »More Time for the National Flood Insurance Program
The U.S. House of Representatives passed four bills on Tuesday offered by House Financial Services Committee Members, including H.R. 2578, the National Flood Insurance Program Extension Act of 2019. The piece of legislation was introduced by Congresswoman Maxine Waters (D-CA), ...
Read More »Decoding the New Flood Insurance Regulation
Here’s what the banking regulators’ recently amended private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act would mean for lenders, insurance companies, and servicers.
Read More »Will Texas Adopt Flood Insurance Disclosure Laws?
Click through to learn what the Texas Department of Insurance recommended in its biennial report to the state legislature.
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