Tag: flood insurance news

Flood insurance program wins short-term extension

S.Vagus
Flood insurance

Lawmakers take action on NFIP ahead of hurricane season Federal legislators have taken action on the troubled National Flood Insurance Program (NFIP) this week, voting for a short-term extension for the program. NFIP has been plagued with financial woes for several years, after Hurricane Katrina dealt a destructive blow against the U.S. in 2005. The program accounts for the majority of flood insurance policies in the country and is often considered the best place for homeowners to find affordable coverage. Because of this, the program has acquired a massive number…

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Lawmakers to debate the fate of the National Flood Insurance Program

S.Vagus
Flood Insurance

Congress begins talks concerning NFIP Federal lawmakers are now responding to growing pressures from agencies, insurance companies and consumers and have begun debates concerning the fate of the National Flood Insurance Program (NFIP). The program is scheduled to expire at the end of this month. If the expiration is allowed, millions of homeowners throughout the country will face lapses in insurance coverage that could have devastating consequences. Hurricane season is scheduled to begin June 1 – one day after NFIP is scheduled to expire – giving lawmakers limited time to…

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FEMA pushes for renewal of National Flood Insurance Program

Flood insurance

NFIP set to expire without Congressional action The National Flood Insurance Program (NFIP) is scheduled to expire, once again, on May 31 of this year. The program is the primary source of flood insurance for homeowners throughout the country. Many private insurance companies either do not offer or have stopped offering flood insurance coverage in states where floods and heavy rainfall is common. As such, many homeowners rely on the federal program to protect them from natural disasters. Unfortunately, the program has been crippled by monumental debt, which has threatened…

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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

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…

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

Guest Author

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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