Tag: flood insurance California

Californians should purchase flood insurance, says FEMA

H. Cutner
flood insurance bill

The Federal Emergency Management Agency says residents of the state need the coverage ahead of El Nino this winter. Officials from FEMA have been urging residents of California to buy flood insurance to cover their homes against damage from rising waters that are very likely in some areas this winter as it is predicted that there will be a strong El Nino. FEMA is advising Californians to purchase these policies regardless of whether they are in the highest risk areas. In fact, the recommendation for purchasing flood insurance has been…

Read More

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…

Read More

Consumer advocates encourage president Obama to speak out on NFIP during State of the Union address

S.Vagus

President Obama will be delivering the annual State of the Union address this week on the 24th of January. In the past, the president has used this occasion to highlight some of the major issues that have put the nation on edge. He has also outlined plans legislators have come up with to fix a number of these problems. This year, consumer advocates from SmarterSafer.org are urging the president to make a statement regarding the state of the National Flood Insurance Program (NFIP). Thousands of people get their flood insurance…

Read More

Congress extends the life of NFIP, but no clear solution is yet in sight

Federal legislators rules late last week to extend the lifetime of the National Flood Insurance Program (NFIP) until May 31, 2012. The program had been scheduled to expire at midnight on December 23, which would have caused millions to lose their flood insurance. The Independent Insurance Agents & Brokers of America has praised the extension granted to NFIP, though the program still suffers under the weight of massive debt that threatens its ultimate longevity. For now, the program is safe, but legislators still need to tackle the financial issues that…

Read More

National Flood Insurance expiration delayed until January, legislators still slow to act

S.Vagus

There seems to be no resolution in sight for the troubles plaguing the National Flood Insurance Program (NFIP). The program, which provides thousands of homeowners with affordable flood insurance coverage, is scheduled to expire on December 18, but legislators have yet to make an attempt to fix what has been called by insurance professionals a broken system. NFIP has stood before Congress for several months now through a series of imminent expirations. Thus far, legislators have done little else beyond voting to extend the program for another month, but that…

Read More