The Future of Flood Insurance: What FEMA's Potential Demise Could Mean

The Future of Flood Insurance: What FEMA's Potential Demise Could Mean
2 months ago

In recent discussions surrounding the future of flood insurance in the United States, the potential dissolution of the Federal Emergency Management Agency (FEMA) has sparked significant concern among stakeholders. With FEMA playing a crucial role in the National Flood Insurance Program (NFIP), the ramifications of its possible demise could have profound effects on flood insurance availability and affordability for millions of Americans.

Continue reading
Increasing Repeat Payouts Strain U.S. Flood Insurance Program

Increasing Repeat Payouts Strain U.S. Flood Insurance Program
8 months ago

Communities around the United States continue to face widespread flood-related disasters with increasing frequency, placing a growing burden on the NFIP. Research and reports have highlighted the alarming rise in so-called "repeat payouts"-instances in which the same properties claim insurance over and over due to repeated flooding. All these kinds of trends place an excessive financial burden on the already-pressed program subsidized by taxpayers.

Continue reading