Turbulent Year Ahead For Flood Insurance

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.  […]

Mandatory Purchase: Bigger Than The Banks

Written By: Joe Rossi, ANFI, CFM Flood Specialist, Rogers and Gray Insurance Chair and Executive Director, Massachusetts Coastal Coalition Tim Carty Owner, Murphy Carty Insurance Director, Massachusetts Coastal Coalition   Congress enacted the National Flood Insurance Program (NFIP) in 1968, intending to provide flood coverage because private insurance no longer offered it.  By 1973, only […]

ABA Summer Newsletter: National Flood Insurance Program Reauthorization and Reform

By: Joe Rossi, Flood Specialist at Rogers and Gray Insurance and Chair of the Massachusetts Coastal Coalition Ed Thomas, Attorney, floodplain manager and disaster and recovery specialist The ABA in 2017 passed a Resolution on Resilience and Disaster Risk Reduction in 2017. Recent flood disasters nationally have attracted more attention to proposals in the current […]

Truth in the NFIP

The National Flood Insurance Program (NFIP) has been in the national news recently in a series of critical reports.  One story criticized how the NFIP is using insureds’ premiums to deny claims and overpay insurance companies.  Another criticized a proposed FEMA rule change allowing homeowners to rebuild after receiving a demolition grant for a flood-prone […]

NFIP Communities Need Certainty

If there is one thing that 2017 has taught us, it’s that uncertainty is certain.  From international dealings to domestic policy, no time has been as uncertain as now.  There’s no exception when talking about the National Flood Insurance Program (NFIP).  Uncertainty with the NFIP is not a foreign, far off issue.  It’s a real, […]

Deadlines and changes to flood program

Amongst all the legislative activity that Congress is considering making for the National Flood Insurance Program (NFIP), the NFIP still exists and is still functioning.  The program is writing new policies and paying claims to those that have experienced losses.  The NFIP goes through changes twice a year, every April and October 1st as the […]

Why we need the NFIP now more than ever

Hurricane Harvey will most likely go down as the most devastating natural disaster in US history.  The disaster still unfolding shows the toll on both human life and the financial burdens on both the public and private sectors.  The NFIP is a federal program, one that insures homes and businesses against the peril of flood, […]