As Congress faces a looming deadline to fund the government, the National Flood Insurance Program (NFIP) could be directly impacted if lawmakers fail to act.
Tag: flood insurance
Senators Propose Tax Credit to Address Rising Flood Insurance Premiums
In response to skyrocketing flood insurance costs under the National Flood Insurance Program (NFIP), Senators Cory Booker (D-NJ) and Bill Cassidy (R-LA) have introduced a bipartisan bill to provide financial relief to low- and middle-income homeowners.
Louisiana’s Flood Insurance Crisis: What’s Next?
The National Flood Insurance Program (NFIP) is facing mounting pressure as debt climbs to $20.5 billion, premiums soar, and participation drops.
Cape Coral Pursues Increased FEMA Flood Insurance Discount
The City of Cape Coral recently received good news from FEMA: its 25% flood insurance discount will remain effective, providing crucial relief to thousands of property owners.
Navigating the Evolving Flood Insurance Landscape in the Wake of Hurricanes Helene and Milton
In a recent report from the Neptune Flood Research Group, the challenges and systemic issues plaguing the U.S. flood insurance market were brought into sharp focus.
Heavy Rains Cause Major Flooding Across Southeast Georgia
Heavy rains inundated parts of southeast Georgia on Thursday, leading to significant flooding and causing the closure of a major section of Interstate 16.
New Louisiana Law May Accelerate Insurers’ Exit from the Flood Market
A recent law change in Louisiana is poised to reshape the flood insurance landscape, with significant consequences for both insurers and homeowners.
New Bill Proposes Tax Credit to Offset Flood Insurance Costs
On October 17, 2024, U.S. Congressman Josh Gottheimer (NJ-5) introduced a bipartisan effort aimed at easing the burden of rising flood insurance costs for New Jersey homeowners.
Florida’s Real Estate Boom in High-Risk Flood Zones Puts Insurers, Lenders on Collision Course
As Florida recovers from the devastation of hurricanes Helene and Milton, new construction continues in flood-prone areas. Developments like La Linda Estates, built on a barrier island near where Milton made landfall, reflect a concerning trend.
Flood Insurance Renewal Window Extended for Hurricane Helene Victims
he Federal Emergency Management Agency (FEMA) has extended the renewal grace period for National Flood Insurance Program (NFIP) policyholders across seven affected states, offering a crucial window for agents to help customers reinstate their coverage.