National Flood Insurance Program

3 steps to prepare for a natural disaster - MarketWatch

When a natural disaster strikes, it can wreak havoc on victims’ lives in ways they might not have expected. These threats are even greater for older …

FEMA

Brokers: Leverage Your Influence to Help Shape the Legal Landscape

As a broker, you’re undoubtedly concerned when legislative issues threaten your business, your agents’ business or your customers’ lives. But how do …

Real Estate

A House's Flood History Can Be Hard To Find

When you're buying a home, it could take some detective work to find out if it has ever been flooded. Laws in Texas and some other states don't require some sellers to share that information.

News (U.S.)

White House’s hurricane recovery funding plan meets bipartisan backlash

The White House on Friday asked Congress for an additional $44 billion to respond to the three major hurricanes that hit the United States this summer, but key Democrats and at least one Republican said the request was insufficient, suggesting a funding fight looms.<p>If Congress approves the money, …

Roy Blunt

Companies barely had to compete for half of the federal contracts awarded in Puerto Rico so far

The US government has awarded hundreds of millions of dollars in no-bid contracts related to Hurricane Maria.<p>Now that Puerto Rico is moving into recovery and rebuilding after the Hurricane Maria disaster, billions of dollars in federal disaster spending are flowing to the island. Estimates put …

Politics

Time To Modernize Our National Flood Insurance Program

After an extremely destructive and challenging hurricane season, Americans who were affected are working to recover and rebuild. Assisting them now is critical, but this hurricane season has been a deadly reminder that we must do more to prepare for future flood disasters. We need a long-term …

Opinion

$1 Trillion Worth of Homes Could Be Underwater by 2100

Last month was the fifth anniversary of Superstorm Sandy's deadly, destructive rampage through New York and New Jersey, which killed 157 people and …

Real Estate

Since 1978, 12 Counties Have Accounted for a Third of U.S. Flood Insurance Claims

Since 1968, the National Flood Insurance Program (NFIP) has been bailing out (literally) underwater homeowners – providing primary flood insurance to properties with significant flood risk. The homeowners who have been buoyed most by flood insurance live in a small number of places with high-value …

Insurance

FEMA Begins 2018 NFIP Flood Reinsurance Renewal Process

The U.S. Federal Emergency Management Agency (FEMA) has started the procurement process for a 2018 flood reinsurance program renewal for the National …

Business

Dallas police foot patrols, foster kids in Dallas ISD, Harvey housing assistance: Your Thursday morning news roundup

Good morning. Here is a look at the top headlines as we start the day.<p>🌦️ Weather: A 20 percent chance for isolated showers in the morning. Mostly …

Mike Pence

Pence, in Austin, stresses federal commitment to Harvey recovery

On the day that Vice President Mike Pence visited the South Texas city of Victoria after Hurricane Harvey, one he said he’ll never forget, he noticed …

Mike Pence

Republicans aim to gut Obamacare and pass tax cuts in one bill

<i>Welcome to Mic’s daily read on Donald Trump’s America. Want to receive this as a daily email in your inbox?</i> <i>Subscribe here</i><i>.</i><p>Wednesday’s Dispatch: GOP …

Government

4 Common Misconceptions About Homeowners Insurance | Investopedia

It was sad to learn that thousands of people lost their home because of hurricanes Harvey and Irma. As a financial planner, I am more worried that …

Insurance

Why Puerto Rico is getting the brunt of 'donor fatigue'

Recovering from disasters is never easy. When disasters pile up, it gets harder.<p>On top of the inevitable competition for everything from the …

Economy

Naked Politics

@alextdaugherty<p>The entire South Florida delegation in the House of Representatives voted Tuesday against a proposal to overhaul the National Flood …

News (U.S.)

LoBiondo, other N.J. congressmen, lash out against GOP-led flood insurance revamp

Republican U.S. Rep. Frank LoBiondo and other New Jersey congressmen have lashed out against a House bill that would revamp the National Flood …

Philadelphia

Five Years After Superstorm Sandy, Is New York City Better Prepared for the Next Mega Storm?

Five years ago, New York City began the long task of recovering and rebuilding in the wake of Sandy, one of the worst storms in the U.S. history in …

Staten Island

Frequent Flooders Tax Federal Insurance Program

Payouts for properties that flood repeatedly have been a sticking point in congressional talks on a revamped flood insurance program, which may come up for a House vote this month.<p>Such properties have been a huge drain on the financially troubled program, with some 750 properties costing the …

News (U.S.)

House passes bill to renew flood insurance program

The House has passed legislation that will increase flood insurance premiums for many property owners to help firm up a program under stress from …

Business

House passes flood insurance renewal in wake of massive storms

House Republicans overcame bipartisan opposition Tuesday to pass a bill that would reauthorize and overhaul the National Flood Insurance Program, which has strained to pay out billions of dollars to policyholders after this year's run of devastating hurricanes.<p>The House passed the bill in a 237-189 …

Business

House Votes to Overhaul Flood-Insurance Program

WASHINGTON—The House on Tuesday voted largely along party lines to revamp the federal flood-insurance program, which expires in December and has struggled in recent years to keep pace with record disaster payouts.<p>The measure passed with a 237-189 vote, largely with Republicans for it and Democrats …

U.S. Politics

How to prepare for a financial emergency

<i>Here are three of the week's top pieces of financial advice, gathered from around the web:</i><p><b>Preparing for a financial emergency</b><br>Not having an emergency …

Business

Can Flood Insurance Program be Saved?

Environmenthours ago<p>Can Flood Insurance Program be Saved?<p>Legislators are slated to vote on a bill to reform the National Flood Insurance Program. Is …

Hurricane Harvey

Trump Ignores Climate Change. That’s Very Bad for Disaster Planners.

When Hurricane Irma swept through the Florida Keys in September, it brought a vivid preview of the damage that climate change could inflict on the region in the decades ahead.<p>The storm washed out two sections of the highway connecting the Keys, leaving residents stranded for days. With ocean levels …

Climate

Disaster-Prone Cities Urge Congress to Expand National Flood Insurance Program

The 100 Resilient Cities network released a series of policy proposals on Wednesday for expanding the National Flood Insurance Program on the heels …

Disaster Preparedness for Small Business Owners | Investopedia

With intense storms and hurricanes Harvey, Irma and Maria, as well as raging fires in California and the West, it is important that you prepare your …

Small Business

Millions More Paid To Superstorm Sandy Victims After Fraud Claims

More than two years after allegations of fraud prompted the nation’s flood insurance program to re-open the claims process for thousands of …

Hurricane Sandy

Business group pushes for U.S. flood insurance reform as December deadline looms

WASHINGTON (Reuters) - The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed their push on Wednesday for lawmakers to enact an overhaul before the program expires on Dec. 8.<p>The SmarterSafer …

News (U.S.)

Realtors worried Congress could mess with home sales, here’s how

After multiple hurricanes caused severe damage to properties across the country this year, the National Association of Realtors (NAR) is pushing for Congress to pass “The 21st Century Flood Reform Act,” which would, among other things, reauthorize and reform the National Flood Insurance Program …

Business

Why Is It So Hard to Fix the National Flood Insurance Program? by Bob Henson | Category 6

<i>Bob Henson</i> · November 9, 2017, 8:50 PM EST<p><b>Figure 1.</b> Number of NFIP policies in force as of March 2016. Image credit: “Review of FEMA Study and Report …

Insurance