News

A partial federal government shutdown began on Oct. 1, resulting in a lapse of National Flood Insurance Program (NFIP) authority.

As of press time, Congress has yet to pass government funding legislation to keep the federal government open beyond Tuesday, Sept 30. The National Flood Insurance Program (NFIP) is currently scheduled to expire on the same date.

While annual rainfall is not rising, the increase in extreme rainfall events means that flood risk, infrastructural strain, and flash flooding potential are increasing.

Nearly 85% of single-family homes at risk of flooding in the U.S. carry insufficient coverage, leaving households vulnerable to thousands of dollars in out-of-pocket costs, according to Neptune Flood.

During the hearing, a bill was formally introduced to streamline disaster assistance programs to accelerate aid to survivors and encourage states to invest in disaster mitigation efforts.

The Big “I” 2025 Market Share Report shows that independent agencies place 61.5% of all U.S. property & casualty insurance, a clear sign of the channel’s continued strength.

This year’s hurricane season, which started on June 1, has a 60% chance of above-normal activity, with 13 to 19 named storms expected.

Colorado State University (CSU) hurricane researchers are predicting 17 named storms during the Atlantic hurricane season.

U.S. House Majority Leader Steve Scalise (R-Louisiana) will be the keynote speaker at the Legislative Conference, which will take place April 30-May 2 in Washington, D.C.

Last week, the U.S. Senate passed a continuing resolution to fund the federal government through Sept. 30 and included a short-term reauthorization of the National Flood Insurance Program (NFIP).