NAIC Prepares for FEMA Reform Amid NFIP Funding Challenges
NAIC anticipates FEMA reforms to enhance disaster aid and resolve National Flood Insurance Program funding issues, impacting federal disaster funding and insurance regulation.
Two-Thirds of U.S. Residential Flood Losses Go Uninsured, Moody’s RMS Finds
Moody’s RMS reports two-thirds of U.S. residential flood losses go uninsured due to outdated maps, insurance gaps, and NFIP lapses. Private flood insurers are poised to fill the coverage void with advanced risk modelling.
Moody's Model Highlights U.S. Flood Insurance Protection Gap Amid NFIP Lapses
Analysis by Moody's RMS reveals significant flood insurance undercoverage in U.S. residential properties and examines impacts of NFIP lapses with rising flood risks.
SBA Loans Now Included in Federal Disaster Recovery Funding Data
Carnegie's Disaster Dollar Database now includes Small Business Administration loans, highlighting the growing role of SBA disaster loans in federal catastrophe recovery amid insurance coverage challenges.
Federal Government Shutdown Halts Flood Insurance, Threatening Hampton Roads Real Estate
The federal shutdown pauses the National Flood Insurance Program, disrupting home sales in flood-prone Hampton Roads and raising financial risks.
NFIP Faces Operational Strain Amid FEMA Staff Cuts and Reauthorization Deadline
The National Flood Insurance Program faces operational challenges due to FEMA staff cuts and an upcoming reauthorization deadline, affecting flood insurance availability and premiums.
NFIP Expiration Threatens Louisiana Flood Insurance Market Amid Hurricane Season
The National Flood Insurance Program faces expiration at the end of September, risking flood insurance availability in Louisiana during peak hurricane season. Key impacts include halted policy renewals, stalled real estate transactions, and reduced FEMA flood claim payments.
Wisconsin Floods Reveal Homeowners and Renters Insurance Coverage Gaps
Recent flooding in Wisconsin highlights homeowners and renters insurance typically excludes flood damage. Separate flood insurance is crucial for protection.
Flood Insurance Challenges and Risk Rating 2.0 Impact in Western North Carolina
Explore how updated flood risk assessments and Risk Rating 2.0 impact flood insurance premiums and options in Western North Carolina amid changing flood patterns and regulatory adjustments.
High Uninsured Rates in Missouri Tornado Zone Highlight Disaster Recovery Challenges
Missouri tornado zones show high uninsured rates; Texas floods spur active insurance outreach. NAIC anticipates FEMA shifting more disaster responsibilities to states.