Feds Propose New Flood Insurance and Floodplain Management Rules
Last month, a group of federal agencies issued a proposal that aims to clear up confusion regarding when a lender may accept private flood insurance under federal law.
Flood
NFS Edge Launches Private Flood Option for Condo Associations
NFS Edge has launched a private flood insurance alternative to the NFIP’s policy for residential condo associations, tailored to meet the needs of those located in high-risk flood areas.
Senate Committee Reviews NFIP Flood Maps
This week, the Big “I” submitted a joint trade association letter to the U.S. Senate Banking Committee hearing outlining priorities for the next NFIP reauthorization.
FEMA Proposes New Federal Flood Standard for Infrastructure
In response to an executive order President Obama issued last year as part of his climate change agenda, FEMA has issued a new proposal for defining the “floodplain” for federally funded projects.
Big ‘I’ Responds to NAIC Flood Insurance Principles
The NAIC principles are intended to serve as recommendations for Congress to consider during upcoming discussions regarding reauthorization of the NFIP.
GAO Flood Insurance Report Outlines Private Market Barriers
A new Government Accountability Office report cites regulatory uncertainty, refunds and market challenges as barriers to increased use of private market flood insurance policies.
Senate Holds Hearing on Flood Insurance Premiums
At a U.S. Senate committee hearing last week, the Big “I” provided a statement on NFIP delivery, affordability and long-term program stability for small businesses.
FEMA Announces Flood Insurance Reforms
This week, Roy Wright, FEMA’s deputy associate administrator for insurance and mitigation, announced NFIP changes aimed at increasing transparency and oversight.
Big ‘I’ Agents Participate in National Flood Conference
At this week’s National Flood Conference in Washington, D.C., a variety of speakers—including two Big “I” leaders—provided information to flood service providers on all aspects of the NFIP.
Beyond FEMA Flood Maps: What to Tell Your Coastal Customers
Because FEMA flood maps do not include projections of sea level rise, they are not guaranteed to give homeowners the information they need to protect themselves and their property.
