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The US private flood insurance market is growing, addressing the nation’s significant gap between economic and insured losses ...
Championed by President Lyndon B. Johnson, the National Flood Insurance Program, or NFIP, was created by the National Flood Insurance Act of 1968, after disillusioned private insurers abandoned ...
Standard homeowners insurance does not cover flood damage, so you might need separate flood insurance, which you can get ...
Oftentimes insurance doesn't cover what the policyholder thinks it does—or thinks it should. Flood insurance is no exception.
1,742 Views Program ID: 309020-5 Category: Call-In Format: Call-In Location: Washington, District of Columbia, United States First Aired: Nov 01, 2012 | 7:57am EDT | C-SPAN 1 ...
Between 2017 and 2022, the National Flood Insurance Program paid private brokers $5.8 billion for commissions and expenses. “Flood insurance is a government service,” said Rob Moore, ...
Less than 5% of homes in the county's FEMA floodplain had flood coverage, well below the national average. Uptake was even ...
The National Flood Insurance Program, or the NFIP, needs to be reauthorized by Congress by the end of September so that home buyers can close on their homes with new policies.
The National Flood Insurance Program backs most flood insurance policies, but has many problems. Around one percent of insured homes have been responsible for around a quarter of the claims paid out.
Extreme storms like hurricanes Sandy and Katrina have introduced a new lexicon into discussions of both politics and policy, with words and phrases like FEMA, flood maps, and the National Flood ...
Congress this week temporarily extended the National Flood Insurance Program (NFIP) until November, avoiding a lapse of the program but also avoiding any needed reforms. Up until Hurricane Katrina ...
As the expiration date of the National Flood Insurance Program draws nearer, the Congressional Budget Office, a nonpartisan analysis for the U.S. Congress, calculated that the program has an ...