flood insurance News

Emergency Experts Contemplate What FEMA Should Do Next

Perhaps no single federal agency has been tested as much by 2020 as the Federal Emergency Management Agency. It has been a year of disaster. In addition to Covid-19, it was the busiest Atlantic hurricane season on record, and wildfires …

Mississippi Residents Still Recovering 2 Months After Flood

OLIVE BRANCH, Miss. — Frances Ivonne Brensdal woke up June 7 to find her Olive Branch home flooded after a night of record rainfall, which left her family and others displaced. She didn’t even know it was raining. “My neighbor …

As Sea Levels Rise, Homes Continue to Sprout in U.S. Flood Zones

NEW YORK — New homes are going up fastest in high-flood risk areas in many U.S. coastal states, scientists said on Wednesday, despite increasing awareness that global warming has made living in such areas even more risky. Science and communication …

Climate Advocates Cheer Trump Policy Shift on Flood Insurance

About the photo: A member of a search and rescue team wades through floodwaters after Hurricane Florence in Carolina Beach, North Carolina on Sept. 17, 2018. Photographer: Callaghan O’Hare/Bloomberg Climate advocates say an overhaul of the nation’s flood insurance program …

Trump Flood Insurance Plan May Increase Premiums, Reduce Property Values

Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National Flood Insurance Program. …

Flood Insurance Rebuilds Homes with Public Money Repeatedly

Floodwaters rose about 15 inches (40 centimeters) into Danielle Rees’ home in September when Hurricane Florence drenched this tidewater city on the Pamlico River and overwhelmed a local creek and marshland. The first floor was a sopping mess of gritty, …

Insurers Dive into Private Flood Coverage

Recent hurricanes have highlighted the flood insurance gap. Hurricanes Harvey, Irma and Maria caused a record $135 billion in damages, according to Munich Re estimates. Remarkably, less than half were insured losses. “There were a lot of losses that occurred …

Senate Votes for 4 Month Extension of Flood Insurance Program

The Senate voted Tuesday to extend for four months the program that provides flood insurance for nearly 5 million homeowners and business owners. The bill’s passage by an 86-12 vote averts a scenario in which people living in coastal communities …

Flood Damage Caused by Hurricane Harvey Boosts Insurance in Texas

Little more than two months before Hurricane Harvey slammed the Gulf Coast of Texas, Alberto Castaneda let his home’s flood insurance lapse. He had never filed a claim on the policy in 10 years and he needed the extra cash …

Keeping Flood Insurance Above Water: Commentary

With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform Act has passed the House and moved to …