Did you know that if you are awarded a Federal grant to elevate and improve your property to protect it from flooding, you must pay for the improvements and wait for reimbursement?  If you need to elevate your home, relocate utilities, or add other flood mitigation measures to reduce the risk of flood damage and lower your flood insurance premiums this […] You must be a member to view this content.  Becoming a member is FREE!  Go to our “Become a Member” page to join now by clicking HERE Username or E-mail Password Remember Me     Forgot Password

Before the start of 2018, many predicted political and economic uncertainty.  This proved to be true of the National Flood Insurance Program and the flood insurance market.  In total, 2018 brought three program lapses lasting over eight days with seven short term extensions and a series of Federal Emergency Management Agency leadership and administrative changes.  Predictions for 2019 bring with it additional uncertainty.  With a new Congress, the introduction of a new rating system, and lending regulatory changes, 2019 could extend 2018’s flood insurance-related ebbs and flows. When the new Congress started in 2017, House Financial Services leadership announced that flood insurance reform would be a priority.  At that time, the flood program was set to expire on September 30 of that year.  Early on, several controversial reform bills were introduced that stalled in Congress.  After the 2017 hurricane season hit, Congress changed focus, leading to short term extensions of the flood program.  In 2018, the short term extensions became more volatile leading to program lapses and week-long extensions.  In 2019, there may be more short-term extensions, but there is also hope for true reform.  Late last year, Congress voted on a standalone bill to extend the flood program to […]