Ten states and dozens of municipalities are suing the Biden administration over rate hikes in the National Flood Insurance Program. That program offers coverage in high-risk flood areas and is administered by FEMA.
Tag: National Flood Insurance Program
Louisiana Senators Work on Bipartisan Bill to Improve National Flood Insurance Program
Tropical Storm Barry has come and gone in Louisiana and in it’s aftermath there was flooding and damage. Senator Bill Cassidy said this storm could’ve been much worse for the state. “The lack of flooding was a testament to investment in mitigation and preparation on the state level and the community level,” Cassidy said. Even… Continue reading Louisiana Senators Work on Bipartisan Bill to Improve National Flood Insurance Program
National Flood Insurance Program Extended through September
The National Flood Insurance Program that millions of people rely on has gotten another temporary extension, as members of Congress renew efforts to work out a long-term proposal. The NFIP extension through the end of September was tucked into a $19 billion disaster aid package the U.S. House approved in a 354-58 vote Monday evening.… Continue reading National Flood Insurance Program Extended through September
Millennials More Likely to Buy Flood Policy than Gen Xers or Baby Boomers
Less than half of Americans who agree that having flood insurance is important have purchased flood insurance, according to a recent national survey from the National Association of Insurance Commissioners (NAIC). This disconnect between intention and action has been brought into sharp relief in the Midwest and South where recovery efforts will continue for years… Continue reading Millennials More Likely to Buy Flood Policy than Gen Xers or Baby Boomers