National Flood Insurance Program (NFIP) Archives - ProgramBusiness

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Looming NFIP Expiration Threatens Homebuyers and Insurers

Bad extreme heavy rain storm weather. Flooded streets of the neighborhood. A flooded road junction with a drowned car. Heavy rains from tropical storm caused many flooded areas.

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.

New National Flood Insurance Policy Rating System Begins Today

TWIA credit line for storm damage

Chris Dailey and his wife are building a new home in coastal St. Petersburg, Fla., that will sit 7 feet above the flood level expected during a major storm. So he was stunned to learn that under the federal flood insurance program’s revamped pricing, his annual premium is slated to soar to $4,986 from $441.… Continue reading New National Flood Insurance Policy Rating System Begins Today