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 ...

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, ...

Oftentimes insurance doesn't cover what the policyholder thinks it does—or thinks it should. Flood insurance is no exception.

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.

He said most of the flood insurance policies, about 90%, are through FEMA's National Flood Insurance Program. However, about 12 private companies offer flood insurance.

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 ...

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.

A lot of the concerns we’ve been hearing are centered around insurance, from knowing what property damage is covered to what ...

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 ...

Homeowners living in flood-prone areas could soon lose their insurance if Congress does not act fast. The National Flood Insurance Program expires on July 31. The House passed legislation ...

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 ...

Congress should reform the National Flood Insurance Program (NFIP) to reduce future risks associated with the flooding of property and minimize flood damage when it occurs, a new report recommends.