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, […]

Moving Legislation on NFIP

With the National Flood Insurance Program (NFIP) expiring at the end of September, the race is on to reauthorize the program.  The legislative landscape is changing fast.  By the time this column prints, it will most likely have changed again.  New bills are being introduced on a weekly basis.  Congress has made the NFIP reauthorization […]

2017 NFIP Reauthorization

On September 30th of this year, the National Flood Insurance Program (NFIP) will expire. Congress must reauthorize the program by passing a reauthorization bill before this date.  With all the confusion and priorities that Congress has this year, there has been concern that this will not happen.  However, about a month ago, congress started to […]

2017 A Busy Year For Flood

Over the last several years, starting with the Biggert-Waters act of 2012, flood insurance has taken front and center in many people’s lives.  Whether it be skyrocketing premiums or new Flood Insurance Rate Maps (FIRMS), there are plenty of areas for concern within the National Flood Insurance Program (NFIP).  However, no year since 2012 has […]