Tag: Biden administration

Low-income Americans to receive flood insurance cost support

Marc
Flood insurance cost - umbrella covering dollar sign

The Biden administration’s budget includes a plan for helping people to purchase the coverage. As the Federal Emergency Management Agency (FEMA) works to overhaul the National Flood Insurance Program (NFIP), the President Biden is seeking to bring down the flood insurance cost for low-income Americans. The budget proposes a new program that would provide $358 million to support the effort next year. That money would help low-income families to cover their flood insurance cost and to take additional action to prevent their properties from flooding. This new program was a…

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California wildfires may need to be a way of life, say insurance officials

Nordstrom
California wildfires - forest on fire

After 2020’s record-breaking fire season, officials warn that this may be an ongoing trend. California wildfires caused the destruction of over 10 million acres in 2020 according to a progress report from the U.S. Department of Agriculture outlining the resilience strategy. The progress report’s focus is on efforts to reduce fire fuel through forest thinning strategies. Details from the strategy show that federal efforts will be rising by “two to four times more” than the current levels for reducing destruction from the blazes. This plan was released by the Biden…

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