Trend Results : Flood Insurance

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Why Markets Have Gotten So Jumpy

To understand the wild swings on Wall Street, consider a farm town, a long drought and the cost of flood insurance

CRS Report: 'National Flood Insurance Program - Selected Issues and Legislation in the 115th Congress'

3 weeks agoUtilities / Water : WaterWired

Recently the CRS has sure published a lot of reports on floods and associated issues. Here's one by Diane P. Horn, published on 13 February 2018: National Flood Insurance Program: Selected Issues and Legislation in the 115th Congress. Download CRS_Flood_Insurance_Issues_13Feb2018 Summary The National Flood Insurance Program (NFIP) was established by...

Real estate victories in budget deal: extended flood insurance, tax credits

Chief among the extensions are for mortgage debt forgiveness, which allows taxpayers to exclude income from the discharge of debt on a residence...

A Flood of Congressional Research Service Reports! Federal Flood Insurance Programs and More!

2 months agoUtilities / Water : WaterWired

A bevy of recent flood insurance and related reports from the CRS, all but the last two dated 23 January 2018: Federal Disaster Assistance: The National Flood Insurance Program and Other Federal Disaster Assistance Programs Available to Individuals and Households After a Flood Introduction to the National Flood Insurance Program...

Why Montecito's mudslide victims don't need flood insurance to recover their losses

To the editor: Law professor Kenneth S. Klein writes that Montecito flood victims should not suppose their property losses are covered by homeowners’ insurance. Contrary to Klein’s statement, that is exactly what they should suppose. (“Another lesson from Montecito — even in semi-arid Southern...

Another lesson from Montecito — even in semi-arid Southern California, we need flood insurance

We live in Southern California, a semi-arid desert ecosystem. Most of us are no more than beach-dweller wannabes who get close to water — the ocean, a river or a lake — by car or bike or bus. There is no possible way that we would need flood insurance, right? Well, consider Montecito. In addition...

With climate change, insurance may provide best safety net for world's poor

The poorest people in the world are among the most vulnerable to the effects of climate change, including droughts, floods and wildfires. This is especially true for poor farmers in drought-prone regions of the world who rely on crops or livestock to feed their families.

Three Reasons Everyone Should Consider Buying Flood Insurance

The hurricane season of 2017 will long be remembered for the chaos and damage it caused. Caribbean islands including Puerto Rico, Barbuda, St. Maarten, and Dominica were irreparably harmed by hurricane-force winds and rain, causing tens of thousands of residents to become homeless overnight. Show More Summary

Cannon Beach businesses frustrated by delayed flood maps

For the past two years, Cheri Lerma of Cheri's Cafe & Cannon Beach Cookie has spent almost $10,000 on flood insurance she knows she doesn't need. As a part of … Click to Continue »

Florida editorial roundup

Recent editorials from Florida newspapers: ___ Nov. 28 The Ledger of Lakeland on an act passed by the U.S. House of Representatives designed to update and upgrade the flood insurance … Click to Continue »

CRS Report: '21st Century Flood Reform Act (H.R. 2874): Reforming the National Flood Insurance Program'

4 months agoUtilities / Water : WaterWired

Wow! Congress is going to reform floods! Not really, but you can read all about what Congress will reform in Diane P. Horn's 13 November 2017 CRS report, 21st Century Flood Reform Act (H.R. 2874): Reforming the National Flood Insurance Program. Download CRS_Flood_Ins_Reform_Act_13Nov2017 Summary The National Flood Insurance Program (NFIP)...

Real estate industry welcomes flood insurance extension, reform

With a three-month extension of the National Flood Insurance Program set to expire in less than a month, the real estate industry on Tuesday cheered the passage of new House legislation that would reauthorize and reform the ailing 49-year-old insurance plan...

All South Floridians in the House voted against flood-insurance overhaul. Here’s why

The entire South Florida delegation in the House of Representatives voted Tuesday against a proposal to overhaul the National Flood Insurance Program, as Congress seeks a long-term solution for the … Click to Continue »

House passes bill to renew flood insurance program

The House has passed legislation that will increase flood insurance premiums for many property owners to help firm up a program under stress from ever-more frequent and powerful storms. The … Click to Continue »

Business group pushes for U.S. flood insurance reform as December deadline looms

WASHINGTON (Reuters) - The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed their push on Wednesday for lawmakers to enact an overhaul before the program expires on Dec. 8.

Mary Williams Walsh | A Broke, and Broken, Flood Insurance Program

Mary Williams Walsh | A Broke, and Broken, Flood Insurance Program: The day of reckoning for the National Flood Insurance Program is coming soon, it seems. The core issue is policy: should the US federal government insure homes in flood-prone...Show More Summary

Two key Republicans agree on national flood insurance

4 months agoNews : The Cutline

Two senior U.S. House of Representatives Republicans said on Friday they have agreed on terms for the reauthorization of the deeply indebted National Flood Insurance Program. House Majority Whip Steve Scalise of Louisiana and House Financial...Show More Summary

A Broke, and Broken, Flood Insurance Program

4 months agoNews : NYTimes: News

Now, an unusual coalition of insurers, environmentalists and fiscal conservatives is seeking major changes in the federal plan as a deadline approaches.

Video: John Oliver And A Talking Seagull Dive Into America's Broken Flood Insurance System

On Sunday, John Oliver returned after a week off with an extra-long 40 minute episode of Last Week Tonight, and he had plenty of material to cover: he prayed that Jared Kushner would be indicted by Robert Mueller, discussed the cowardice of Roy Moore, and criticized Trump’s plan to tackle America's opioid crisis. [ more › ]

John Oliver: Federal Flood Program Is Trapping Vulnerable Homeowners

The “Last Week Tonight” host breaks down why the insurance program designed to help victims actually hurts them.

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