Tag Archives: National Flood Insurance Program (NFIP)

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.

In the aftermath of Hurricane Ian, homeowners in four additional counties are eligible to apply for federal disaster assistance.

CoreLogic’s latest examination of total flood and wind losses increases in the aftermath of Hurricane Ian, as uninsured residential flood loss alone is estimated in the $10-$17 billion territory.

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.   ...

3,533 people responded to a 15-minute survey from Fannie Mae in November and December 2020 about the National Flood Insurance Program (NFIP) to better understand consumer awareness, understanding, and attitudes toward flood risk, flood insurance, and related resources.  Respondents were ...

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

A proactive approach to flood portfolio management is the right move for servicers navigating today’s extremely active marketplace.