Tag: flood reform

NFIP Reform Bill Vote Expected After Farm Bill

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Florida Insurance News - Citizens insurance

WASHINGTON – With the United States Senate now expected to address NFIP reform after the upcoming vote on the Farm Bill, SmarterSafer.org today urged the U.S. Senate to  pass long-term reform of the National Flood Insurance Program (NFIP) this week after  years of temporary extensions to the program. “For five years, Congress has passed temporary extensions of the NFIP, delaying  much-needed reforms that would better protect lives and property and save taxpayers billions of dollars,” said SmarterSafer.org. “A long-term extension would provide much-needed certainty to the recovering economy by protecting homeowners…

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SmarterSafer.org Statement Urges Congress to Pass Permanent NFIP Reform as Hurricane

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(Washington, DC) ‒ SmarterSafer.org today released a statement urging Congress to pass long-term, common-sense NFIP reform at the end of the 2011 Hurricane Season: “The 2011 hurricane season has come to an end, yet there are those who are still struggling from the aftermath of Hurricane Irene. Communities across the United States have seen firsthand the need for a National Flood Insurance Program that protects lives and property while saving taxpayer dollars. The U.S. Congress has had several opportunities to pass permanent NFIP reform that has support in both the…

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SmarterSafer.org Statement Urges Congress to Stop Passing Temporary Extensions of

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(Washington, DC) ‒ SmarterSafer.org today released a statement urging Congress to pass common sense NFIP reform and to stop temporarily extending the flood insurance program:  “This year, the United States has seen numerous disasters, including record flooding along the Mississippi River and massive flooding in the Northeast as a result of Hurricane Irene.  While Congress delays taking action to improve the NFIP, the American people are left without broadly supported reforms that will better protect their lives and property, save taxpayer dollars, and promote public safety.  Five-day fixes and delays…

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Flooding costs from Hurricane Irene to be covered in part by taxpayer dollars

Marc

As Hurricane Irene bowled through the east coast, it left behind a path of destruction caused by its high winds and rains, with initial estimates for the damage ranging from $2 to $7 billion. That said, much of the bill for rebuilding will be covered by taxpayer dollars. The reason for this additional cost to taxpayers is that the majority of home and business owners in the Northeast don’t have coverage for flooding caused by hurricanes, and the federal insurance program is already facing a debt worth billions of dollars.…

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