FHA to Consider Accepting Private Flood Insurance
Last week, the Federal Housing Administration proposed amending the agency’s rules to allow the use of private flood insurance on FHA-backed loans in Special Flood Hazard Areas.
Flood
Beyond Price Cuts: The Potential of Private Flood
A few years ago, red tape prevented the private flood market from making serious headway. But last year may have marked a turning point.
Understanding Flood Options: Private vs. NFIP
The increasing severity of flood losses is a reality that conscientious producers can’t ignore—which means agents and brokers need to keep a close eye on the flood insurance options available to consumers.
Grey Areas: Why Flood Insurance Shouldn’t Be a Yes or No Question
The changing nature of weather patterns and their impact on uninsured communities is making the concept of an insurance-mandatory flood zone less and less relevant.
From the Front Lines: Flood
Independent agent Matt Evans didn’t set out to become an expert in flood insurance. But when his hometown in Iowa flooded, he didn’t have a choice.
Congress Wrangles with Short-Term NFIP Extension
Congress is expected to pass a bill to fund the government through the end of the fiscal year, which also includes authorization for continued operation of the NFIP through July 31.
FEMA Makes Changes to NFIP WYO Program
The changes, which apply to the FY2019 WYO Arrangement effective Oct. 1, include, among other things, eliminating the WYO non-compete and revising the methodology for calculating WYO compensation, which is used to pay agent commissions.
3 Ways to Prepare Your Clients for Wintertime Flooding
As many parts of the country gear up for a few more weeks of winter, here are three ways to prepare your clients for wintertime flooding.
President’s Budget Targets FCIP and NFIP
On Monday, the Office of Management and Budget released a proposed budget for FY2019 that includes cuts to the Federal Crop Insurance Program, as well as changes to the NFIP.
President Signs Another Short-Term NFIP Extension
The NFIP was extended earlier today as part of broader government funding legislation to fund the government through March 23.