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How Lenders Can Prepare for a Lapse in the NFIP

How Lenders Can Prepare for a Lapse in the NFIP

The National Flood Insurance Program (NFIP) is set to expire this Friday, May 31st, and Congress has once again failed to reauthorize the program. The Senate passed a two-week extension, retroactive to May 31, before adjourning last week for a one-week recess. Most...

As Published in PACB Magazine – The Perfect Storm

The article explores the impact of changing environmental, regulatory and financial conditions on flood compliance. The increase and intensity of superstorms, NFIP insolvency, new FEMA rate design and mapping, and the importance of flood determination granularity....

Think You’re Not at Risk of Flooding? Think Again.

August 31 – Consumer Reports article on flooding & insurance. “It’s wise to buy flood insurance even if you’re not in a flood zone. It will be inexpensive, and it’s better to buy it and not need it than to need it and not have it.” Jay Bruton, 65, who rode...