Preservation Pennsylvania calls for changes to the National Flood Insurance Program

Flood Insurance

Organization adds Muncy Historical District to list of high-risk flood sites Preservation Pennsylvania, a non-profit organization, has added the Muncy Historical District to its list of sites that are at a high risk of flooding damage. The organization has taken this opportunity to call for changes to be made to the federal National Flood Insurance Program. The program is often the only place to find flood insurance in the United States and has been beleaguered by financial issues for several years. Flood damage could be a major problem for the…

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Flood insurance refunds are on their way

flood insurance rates

FEMA is issuing $100 million in insurance refunds to homeowners throughout the US The U.S. Federal Emergency Management Agency (FEMA) is issuing some $100 million in flood insurance refunds to policyholders receiving coverage through the National Flood Insurance Program (NFIP). The agency is issuing refunds to those that have overpaid for their coverage due to the provisions of the Biggert-Waters Act, a legislation that caused a significant spike in insurance premiums over the past year. The initial wave of refunds should begin on October 1 and the last refunds are…

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