National Flood Insurance Program News

Viewpoint: FEMA’s Commonly Misinterpreted ‘50% Rule’

Did you know that a residential structure is three times as likely to experience a flood than a fire over the 30-year life of a mortgage? In fact, flooding is the most common type of natural disaster in the United …

Researchers Say Misleading FEMA Flood Maps Understate Risk

Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, causing thousands of homeowners to avoid needed flood insurance. “In fact, only about 4% …

NFIP: 43,000 Flood Claims and $273 Million Paid So Far After Hurricane Ian

The Federal Emergency Management Agency is reminding flood insurance policyholders hit by Hurricane Ian that they have an extra three months to renew their expiring policies. The agency said last week that Florida property owners with National Flood Insurance Program …

State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims

State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government’s National Flood Insurance Program following Hurricane Katrina, have settled. According to documents …

81% of Flood Insurance Policyholders Will See Rate Increases, Report Says

When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of premium increases, while almost 90 percent of policyholders would …

Flood Insurance Costs Rise in Areas Once Deemed Lower Risk

WASHINGTON (AP) –In the past year, the southwestern Louisiana city of Lake Charles weathered two hurricanes, intense rainfall that sent water gushing down streets and a deep freeze that burst pipes. Yet Tommy Eastman may eventually drop coverage on his …

Analysis: Louisiana Braces For Flood Insurance Sticker Shock

BATON ROUGE, La. (AP) — Hundreds of thousands of Louisiana homeowners, many of them still digging out of Hurricane Ida’s destruction, will soon see rising flood insurance bills. But the federal government is providing few details about how much its …

U.S. Rolls Out First Update to Flood Insurance Pricing in 50 Years

NEW YORK — Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to …

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 …

Delta Losses Bring Hurricane Damages to $26B for Year

Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic said Tuesday. The damage is far less than estimated …