The president expressed a desire to overhaul or eliminate the Federal Emergency Management Agency (FEMA). However, federal laws make it clear that the president cannot terminate FEMA unilaterally. Any such action would require congressional approval.
Tag: FEMA
Southwest Florida May Keep Flood Insurance Discounts As FEMA Reevaluates
Southwest Florida residents may get to keep their discount flood insurance rates after all, as discussions between local governments and FEMA revealed a series of “miscommunications.”
Reforms to U.S. Disaster Aid Expose Growing Home Insurance Gap
When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals.
FEMA Expands Weather Disaster Aid, Citing Climate Change
The agency on Friday announced changes that seek to make it easier for more Americans who face damage to their homes or businesses to get federal funding in the wake of a disaster.
FEMA Transfers $619.5M in 2024 Flood Risk to Reinsurers
The Federal Emergency Management Agency will pay $121.1 million to transfer $619.5 million of flood risk to the private reinsurance market, FEMA said in a statement.
NFIP Extended through Feb. 2 in Government Funding Bill
President Joe Biden signed a spending measure keeping the federal government open for business, including the National Flood Insurance Program.
Private Insurers Have an Increased Appetite for Flood Insurance
While FEMA and its NFIP continue to face obstacles with the rollout of the new rating system, private insurers have found an opening to expand their footprint in the flood insurance market.
Dramatic Plan to Expand Flood Areas Could Force Millions to Buy Insurance
Aproposal by a federal advisory panel urges the government to expand the areas considered by regulators to be at high risk of flooding, according to a report by the panel that was provided to E&E News.
Intense Storms, Insurance Crisis Force Residents of a Louisiana Community to Consider Leaving
The cost of living with intense storms is prompting some residents of St. John the Baptist Parish to consider leaving this already depopulating area west of New Orleans, which sits near sea level and has taken a pounding in recent years from a succession of floods and major storms.
Flood Insurance Program Faces a Backlash—and a Deadline
A federal program that provides critical flood insurance is set to lapse unless renewed by the end of the month, potentially stranding new home buyers in need of coverage.