flood insurance reform News

How Much Hurricane Damage Will it Take for Congress to Pass Flood Insurance Reform

U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation’s troubled flood insurance program remains stalled in Congress – and as a dangerous new …

New Jersey Legislators Tout Flood Insurance Reform Legislation

Five years after Superstorm Sandy devastated towns along the New Jersey shore, Sen. Bob Menendez and Rep. Frank Pallone want changes made to federal flood insurance they said will fix a system that often failed beleaguered homeowners. Speaking Thursday on …

What to Know About the Biggert-Waters Flood Insurance Reform Act of 2012

Flood insurance has been a staple of development since 1968 when it was created by the Federal Government. There are more than 20,200 communities, and as of June 30, 2011, the program had nearly 5.6 million policies in force with …

Lousiana Senator, Challenger Compete on Flood Insurance

U.S. Sen. Mary Landrieu and her Senate race challenger, U.S. Rep. Bill Cassidy, are jockeying for credit and prominence on a high-profile problem for many Louisiana residents: the skyrocketing cost of flood insurance premiums. Cassidy, R-Baton Rouge, worked with other …

Flood Insurance Changes Hit Resistance, Face Delay

Hundreds of thousands of homeowners facing higher federal flood insurance premiums under reforms passed last year would win a temporary one-year reprieve under a measure that began its advance through the Senate on Tuesday. The relief would go to homeowners …

NOAA Exec Outlines NFIP Challenges

A mandate prescribed by the Biggert-Waters Flood Insurance Reform law is a major challenge for a federal weather agency, an executive of NOAA revealed at an insurance conference last week. Edward Johnson, director of strategic planning and policy for the …