A recent law change in Louisiana is poised to reshape the flood insurance landscape, with significant consequences for both insurers and homeowners.
Tag: flood insurance
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.
The Flood Insurance Crisis: Hurricane Helene Exposes Gaps in Coverage
The devastation caused by Hurricane Helene has brought a harsh reality to light: thousands of homeowners remain uninsured, with many left to navigate the complexities of disaster recovery without sufficient coverage.
The Rising Tide of Risk
Home sales in flood-prone areas are booming, as buyers, despite the growing risks of climate change, are increasingly willing to take on the financial and physical challenges of living in flood zones.
Looming NFIP Expiration Threatens Homebuyers and Insurers
Congress is facing a critical deadline to reauthorize the National Flood Insurance Program (NFIP) by September 30, a move that could have significant implications for the real estate and insurance industries if left unresolved.
Des Moines Leads the Way in Flood Insurance and Prevention
Des Moines is setting a positive example in managing rising flood insurance premiums through proactive flood prevention efforts. The city’s initiatives are helping to mitigate risks and keep insurance costs more manageable.
FEMA Plans Overhaul of Flood Insurance Discount Program
FEMA is set to revamp its Community Rating System (CRS), which offers flood insurance discounts based on community efforts to reduce flood risk.
Few Have Flood Insurance to Help Recover from Devastating Midwest Storms
As the Midwest begins to recover, many won’t have flood insurance, which must be purchased separately from homeowners insurance.