FEMA, which manages the flood-insurance program, said the two hurricanes as of Feb. 6 had led to more than 78,000 claims, with estimated losses possibly topping $10 billion. FEMA is able to borrow ...

“While the NFIP’s (National Flood Insurance Program’s) premiums are usually sufficient to pay claims in years without ...

Southeast homeowners affected by the storms last fall submitted a combined over 78,500 flood insurance claims to the National Flood Insurance Program.

Neptune Flood, a provider of private flood insurance in the United States, has unveiled a roadmap for transitioning National ...

Neptune Flood Research Group has released its February report detailing the path towards an efficient free market for flood insurance.

KEY TAKEAWAYS The recent L.A. wildfires have destroyed critical vegetation, which typically absorbs rainfall and prevents ...

The NFIP, which as of 2022 had over 4.7 million policies in force, is constantly under threat of expiring, having been extended dozens of times alongside the nation's budget. Lenders are responsible ...

Expectation that we can build in high-risk areas and count on others to pick up the tab when disaster strikes is ...

Standard home insurance doesn’t cover flood damage, but you can buy a flood insurance policy from the National Flood Insurance Program (NFIP) or directly from insurance companies. Most ...

Some private insurers offer flood coverage, and the Federal Emergency Management Agency (FEMA) administers the National Flood Insurance Program (NFIP) to ensure affordable access to flood ...

“While the NFIP’s (National Flood Insurance Program’s) premiums are usually sufficient to pay claims in years without catastrophic floods, heavy rain events in 2024 — including hurricanes ...