Certain residents of Michigan have recently received letters from their mortgage companies, informing them that they will be required to purchase flood insurance, or that coverage will be bought on their behalf. This is the result of a newly mapped flood plain by the Federal Emergency Management Agency (FEMA) and affects the residents of the Frank and Poet Drain, who are currently in an uproar over the sudden cost. Since February 2012, when the new Flood Insurance Rate Maps (FIRMs) went into effect, there has been a much larger area…
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FEMA clashes with National Wildlife Federation over flood insurance and endangered animals
The Federal Emergency Management Agency (FEMA) has come under fire from the National Wildlife Federation. The federation claims that the agency is granting flood insurance policies to land development projects that could put natural habitats at risk of destruction. The federation claims that FEMA is acting in violation of the Endangered Species Act, which protects these habitats from construction projects. These projects are primarily focused on the Puget Sound region of Washington. Without flood insurance, companies cannot expand into this region of the state because it presents a significant risk…
Read MoreMaine 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…
Read MoreU.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…
Read MoreSmarterSafer.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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