Devastating floods in Texas are exposing a growing problem that Congress may have to weigh when considering overhauling the ...

With flood insurance costing him around $3,000 a year, ... Other adjustments that were not made that come up for discussion frequently include stricter repercussions, ...

That discussion draft would extend the program for an additional five years and limit the government’s ability to raise the price of flood insurance amid growing concerns about affordability (E ...

First, FEMA's flood maps, which determine whether a homeowner is required to purchase flood insurance, are outdated in many areas, underestimating the risk to homes outside designated zones.

FEMA’s new flood insurance system has prompted similar concerns. The new rates were initially supposed to take effect last October , but members of Congress warned FEMA about the effect that ...

Though natural disasters cycle across seasons and regions in the U.S., it’s often a shocking discovery for property owners how expansive and expensive flood and water damage can be when a major storm ...

The National Flood Insurance Program, implemented in 1968, provides about 95% of the nation's flood insurance policies – some 5.1 million. The rating structure hasn’t changed since the 1970s.

So while Risk Rating 2.0’s approach aligning flood insurance premiums with risk is great, traditional flood maps can still be useful, Mulder said during the panel discussion.

I’m hoping these bills can act as a starting point in any future reform discussion we might have in Congress. There’s proposed bipartisan legislation that would create a tax credit of up to $1,000 to ...

“Flood insurance contracts entered into before the expiration would continue until the end of their policy term of one year.” The borrowing authority of NFIP from the U.S. Treasury would also ...

RH: If you live in a flood zone, certainly you should be thinking about climate change. That’s one of the dimensions. But there are a lot of other factors that impact vulnerability as well.

Maxwell: Fewer than 20% of Floridians have flood insurance. That’s ridiculous in a hurricane-prone state. We can’t keep counting on American taxpayers bailing us out.