Congressional Reauthorization for the National Flood Insurance Program
Sep 28, 2024 · Congress must periodically renew the NFIP’s statutory authority to operate. On Dec. 23, 2022, the president signed legislation passed by Congress that extends the National Flood Insurance Program’s (NFIP’s) authorization to Sept. 30, 2023.
NFIP to Begin Taking Monthly Flood Insurance Payments
Nov 4, 2024 · The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal.
Milton threatens to trigger flood insurance reckoning for Congress
Oct 9, 2024 · Hurricane Milton, a monstrous storm set to hit western Florida Wednesday night, is poised to deplete the finances of the government’s chronically indebted flood insurance program. Congress is...
Nearly $4 Billion in Flood Insurance Payments Reach Policyholders …
May 4, 2023 · WASHINGTON -- Months after Hurricane Ian swept across the southeast United States in 2022, FEMA’s National Flood Insurance Program (NFIP) has paid over $3.9 billion to more than 48,000 policyholders.
Congress passes temporary funding extension to flood insurance …
Sep 27, 2024 · Congress approved a temporary funding extension through Dec. 20 that includes reauthorization of the National Flood Insurance Program.
Government shutdown poised to halt federal flood insurance …
Sep 28, 2023 · About 4.7 million flood insurance policies in the United States are from the National Flood Insurance Program, according to the Congressional Research Service. Existing policies would remain in...
FEMA Announces Reinsurance Program to Manage Future Flood …
Jan 4, 2024 · FEMA announced its 2024 traditional reinsurance placement for the National Flood Insurance Program (NFIP), continuing its risk management practice against catastrophic flood losses.
Realtors join FEMA in calling for flood insurance overhaul
Mar 6, 2024 · “NFIP is critical to the U.S. real estate market,” said Nate Johnson, the Realtors association’s vice president of advocacy, at a news briefing. “More than 15 million properties have a high...
Temporary Fix Keeps National Flood Insurance Operating but Only …
Oct 2, 2023 · Real estate interests and insurance companies that administer National Flood Insurance Program policies are heaving a sigh of relief after Congress approved a last-minute deal to temporarily fund...
Major changes in federal flood insurance program urged by U.S.
Jan 26, 2024 · WASHINGTON — Congress has spent more than six years avoiding its responsibility to reauthorize the National Flood Insurance Program, using a series of stopgap bills to extend the life of the...