federal flood insurance News

Trump: End Flood Insurance for New Homes Built in Flood-Prone Areas

President Donald Trump proposed ending federal flood insurance for new homes in areas most at risk of flooding, a change that could curtail new construction in vast parts of Florida, Louisiana and along the Eastern Seaboard. Trump’s plan would radically …

No Flood Insurance Means Big Bills for Utah Residents

It’s been more than two months since northern Utah resident Wyatt Brammer’s house was damaged from flooding and he still hasn’t gotten it fixed. After 33 inches of water filled his basement, he said, it could cost as much as …

Texas Residents Face Rising Federal Flood Insurance Rates

The cost of federal flood insurance is expected to rise for thousands of Houston, Texas, homeowners as Congress looks to overhaul a program that’s billions of dollars in debt. The National Flood Insurance Program provides coverage to more than 300,000 …

Louisiana Governor Asks Congress to Stop Flood Insurance Hikes

After months largely silent on the issue, Gov. Bobby Jindal is urging congressional leaders to stop higher flood insurance premiums from hitting homeowners and businesses. Jindal sent a letter late Tuesday to the Republican and Democratic leaders of both the …

Flooded New York Homeowners Regret Dropping Insurance

Some western New York residents whose homes were damaged by a snow-swollen river this month had only recently cancelled their federal flood insurance policies because of rate increases. About 70 houses in West Seneca, just outside Buffalo, flooded when a …

Few Support Delaying Changes in Flood Insurance

Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to …

FEMA Warns of Big Rate Hikes for Federal Flood Insurance Buyers

The head of the Federal Emergency Management Agency says people who buy federal flood insurance need to plan for big rate hikes. Craig Fugate says some people now paying hundreds of dollars a year could wind up paying thousands because …

Insurer Reports Sandy Flood Claims Resolving Quickly

A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal Emergency Management Agency (FEMA), according to Jeff …

Senate to Reject House Disaster Aid, Flood Program Bill

With aid to disaster victims running out, the U.S. Senate Democratic leader Friday vowed to hold a quick vote to defeat a House-passed spending bill, clearing the way for negotiations to avoid a government shutdown. Senate Majority Leader Harry Reid …