The National Flood Insurance Program has begun a review of claims filed by policyholders affected by Hurricane Sandy. The review is part of a broad process to reform the claims and appeals procedures.
Continue reading “Hurricane Sandy National Flood Insurance Program Claims Review”
President Barack Obama is set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills.
Continue reading “President Obama Will Sign Flood Insurance Relief Bill”
This past Tuesday, the House voted overwhelmingly to pass a bill that would largley repeal Biggert-Waters, a bill which saught to balance FEMA’s enormos debt by expanding flood insurance risk pools and increasing premiums. The new bill, called the Homeowner Flood Insurance Affordability Act, limits premium increases from the National Flood Insurance Program (NFIP) to 18% a year.
The new bill makes several key changes that homeowners should immediately feel, in addition to the limit on premium increases.
Continue reading “Congress Votes to Block Flood Insurance Premium Hikes”
Florida agency selling private flood insurance said it is now selling the coverage in 15 states and making it available to commercial risks and apartment buildings.
Continue reading “Private Flood Insurance Agency Now Selling in 15 States”
The effort to delay huge increases in insurance premiums for homeowners in flood-prone areas faces a skeptical House chairman who is largely standing behind the changes Congress oversaw in the nation’s flood insurance program less than two years ago.
Continue reading “Key House Republicans Oppose Delaying Flood Insurance Increases”
In a vote on January 30th, 2014, the senate passed a bill that will delay flood insurance hikes for at least four years.
Continue reading “Senate Passes Bill to Delay Flood Insurance Hikes”
Damage sustained by a town in Fairfield county after Hurricane Sandy. Image courtesy of Michael McAndrews, a photgrapher for the “The Courant“.
Continue reading “The National Flood Insurance Program, FEMA, and You”