Mississippi could lose its access to flood insurance because of state law

Residents of Mississippi are in danger of losing their flood insurance if state legislators do not take action on a particular law. The state was put on notice by the Federal Emergency Management Agency late last week because one of the state’s laws makes hunting and fishing camps exempt from the building codes that govern the flood prone areas of the state. FEMA claims that if the issue is not resolved by May 5th, those receiving coverage through the National Flood Insurance Program will see their policies canceled. According to…

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Maine insurance regulators urging consumers to purchase flood insurance before the stormy season begins

The Maine Floodplain Management Program, a state-run initiative that works in tandem with the National Flood Insurance Program, is urging state residents to purchase flood insurance before the stormy season gains momentum. According to state regulators, floods in Maine are often the result of coastal storms that happen near the beginning of spring and during the hurricane season later in the year. Regulators note that while flood insurance is often very affordable, few consumers have policies because they do not think that such disasters will happen to them. March and…

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U.S. Senators team to petition for action on troubled National Flood Insurance Program

The problems facing the National Flood Insurance Program (NFIP) remain unresolved and its latest expiration date – May 31 – is quickly approaching. Forty-one Senators have come together to petition for action to be taken on the ailing federal program that provides affordable insurance coverage to thousands of homeowners. The Senators are backing a legislation that would extend the program’s lifetime for another 5 years and begin the arduous reformation process. They assert that action must be taken swiftly in order to prevent lapses in coverage during seasons of heavy…

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SmarterSafer.org Praises Senators’ Efforts to Bring Long-Term NFIP Reauthorization to Senate Floor

SmarterSafer.org today praised a letter from David Vitter (R-LA) and Jon Tester (D-MO) to Senate Majority Leader Harry Reid (D-NV) and Senate Minority Leader Mitch McConnell (R-KY) urging the Senate to pass long-term reauthorization of the National Flood Insurance Program (NFIP). The letter, signed by a bipartisan coalition of 41 Senators, asks the Leaders to bring the legislation to the Senate floor as expeditiously as possible. “The Senate should take this opportunity to capitalize on the bipartisan efforts by both the Senate Banking Committee and the House of Representatives thus…

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More than 200,000 UK homes at risk of losing flood insurance coverage as agreement between the government and insurers comes to an end

More than 200,000 homes in England and Wales could go uninsured once a pact between the nation’s flood insurers and government comes to an end in 2013. The Association of British Insurers (ABI) has warned that these homes would have profound difficulty in attaining new flood insurance policies once the agreement comes to a close. The ABI has been examining data provided by the UK’s Environment Agency regarding the potential for severe floods in both regions of the country. The issue has highlighted a major problem in the UK’s insurance…

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