Flood insurance costs send homeowners to rally and demonstrate

flood insurance rates

The residents of the coastal regions of the United States are gathering together to speak out against the skyrocketing prices. Following regular and continual announcements that flood insurance rates are significantly rising, particularly in the coastal regions of the country that were damaged by Superstorm Sandy, residents are rallying to speak out against the astronomical prices. Some of the residents are seeing premiums of over $30,000 per year, which is a potentially devastating figure. Flood insurance premiums at that level could easily annihilate some of the shorefront communities, according to…

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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

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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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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Army Corps of Engineers warns that last year’s floods could spur yet more damage along the Mississippi River this year

Last year’s record breaking floods along the Mississippi River could put a significant amount of people in danger of similar events this year, according to the Army Corps of Engineers. The events of last year have dealt a significant amount of damage to protective structures that block floods, such as levees and overflow channels. The communities that were affected by these events last year will be notified of the Army Corps of Engineers concerns in February. The Corps has identified several places where floods could be a major problem this…

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

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…

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