Congress must now reauthorize the NFIP by no later than 11:59 pm on May 31, 2019. FROM FEMA WEBSITE NFIP reauthorization is an opportunity for Congress to take bold steps to reduce the complexity of the program and strengthen the NFIP’s financial framework so that the...
On Dec 7, 2018, the President signed legislation passed by Congress that extends the National Flood Insurance Program’s (NFIP’s) authorization to Dec. 21, 2018.
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....
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...
July 31 – The Senate passed the House NFIP extension to November. Congress has now passed 6 short term extensions. Industry experts are concerned that meaningful reform will be difficult to achieve in a midterm election cycle.
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