The Federal Emergency Management Agency said it needs to borrow $2 billion from the U.S. Treasury to cover claims from National Flood Insurance Program policyholders. FEMA, administrator of NFIP, said it expects to pay out more than $10 billion in …
Fire-wracked Los Angeles, facing its worst natural disaster in decades, has never needed the Federal Emergency Management Agency more. As new fires threaten homes across America’s second-largest city, FEMA has deployed roughly 550 experts to help displaced residents find shelter, …
The Federal Emergency Management Agency said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer of nearly $758 million to the private market through the use of 27 reinsurance companies – up from 18 companies a …
A study by researchers at North Carolina State University supports what some critics of federal flood maps have said for years: That lines drawn on a map give a false sense of security from flooding and have led to increased …
The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the hurricane season, Homeland Security Secretary Alejandro Mayorkas told reporters this week. The agency is being stretched as it works with …
Hundreds of thousands of Americans already live in homes that have repeatedly flooded. To get a good handle on the extent of those losses, check out the Federal Emergency Management Agency’s web page that hosts an extensive dataset with information …
The Federal Emergency Management Agency and the Small Business Administration today have distributed more $20 million in disaster recovery assistance for survivors in San Diego County. It is part of an effort by FEMA and the California Governor’s Office of …
The Federal Emergency Management Agency in an effort to engage reinsurance markets to bolster the financial framework of the National Flood Insurance Program and promote private sector participation in flood-risk management has again obtained reinsurance coverage through insurance-linked securities reinsurance. …
Hurricane Ian caused extensive damage in southwest Florida, with more than 37,000 National Flood Insurance Program claims, making it the fourth-most expensive flood disaster in U.S. history, says a new report from the Federal Emergency Management Agency. As other studies …
When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households recovering from damaging floods and fires. …