Tag: flood insurance reform

SmarterSafer coalition calls for U.S. flood insurance reform, facing December deadline

Nordstrom
Flood Insurance Extension - Flooding

Recent efforts to overhaul NFIP has reached a struggling point, but one business group wants to push ahead. The latest shot at American flood insurance reform has come across a serious obstacle in its attempts to move ahead. However, a business and environmental groups coalition has strengthened its call for an overhaul to the National Flood Insurance Program (NFIP). They’re pushing for lawmakers to make much needed changes to the program before its December expiry. The flood insurance reforms need to be made before December 8, 2017 if they are…

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US lawmakers may be ready to fix flood insurance

Marc
Flood homeowners Insurance Program

Federal insurance program continues to struggled beneath massive debt The U.S. Congress may be ready to finally find a solution to the problems that have crippled the National Flood Insurance Program. The program has been the only place that homeowners could find flood protection for several years, but the program itself has struggled under financial strain for nearly as long as it has existed. After being hit by several powerful natural disasters, the insurance program is currently more than $27 billion in debt, which has affected its ability to pay…

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Flood insurance rate hike delay voted through by Senate

G. Turner
flood insurance storm damage

As was predicted, the United States Senate has now given their approval to hold back the rising prices. Many states, particularly those with coastlines, have been expressing outrage from their homeowners as flood insurance rates have been threatening to skyrocket as a result of a law that would have forced the increases. However, the Senate has now passed a bill that would stop some of the law’s increase forcing elements. The flood insurance bill was passed with a vote of 67 to 32. This was a direct result of a…

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SmarterSafer.org Statement Praises Senate Agreement to Vote on Long-Term Flood Reform

Guest Author
Flood Insurance Reform

WASHINGTON ‒ SmarterSafer.org today released a statement praising the U.S. Senate for agreeing to vote on a long-term extension of the National Flood Insurance Program (NFIP) after passing a 60-day extension of the NFIP. “We are pleased that the U.S. Senate has agreed to finally consider long-term reform of the National Flood Insurance Program (NFIP) after they voted for a 60-day extension of the troubled program.  Flood reform not only shares wide bipartisan support in both the Senate and the House, it is the stated policy of the Administration. “We…

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With National Flood Safety Awareness Week Kicking Off, SmarterSafer.org Urges Congress to Pass Long-Term Extension of Flood Insurance Program

Guest Author

With National Flood Safety Awareness Week kicking off, SmarterSafer.org is urging Congress to pass meaningful flood insurance reform and provide a long-term extension of the National Flood Insurance Program (NFIP). In a letter being sent to Congress today, the group said reform is necessary to protect homeowners and businesses. “March 12-16 has been designated as National Flood Safety Awareness Week, however, the National Flood Insurance Program (NFIP) has yet to be extended and is set to expire at the end of May,” said SmarterSafer.org. “The NFIP must be reformed and…

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