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Small Businesses and Insurers Agree: We Need Legislation Like Maloney’s Pandemic Risk Insurance Act

WASHINGTON, DC – At today’s Financial Services Subcommittee on Housing, Community Development and Insurance hearing, Insuring against a Pandemic: Challenges and Solutions for Policyholders and Insurers, business owners and insurance industry experts made clear that the lack of pandemic risk insurance is a pervasive problem that requires a federal response as set forth in Congresswoman Carolyn B. Maloney’s H.R. 7011, the Pandemic Risk...

FHA Proposes Private Flood Insurance for Single-Family Mortgages

The Federal Housing Administration (FHA) today published a proposed rule[1] on its website that would allow a private flood insurance option instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by FHA. In September, the White House signed a resolution[2] that included an extension for the NFIP until September 30, 2021. The changes, proposed Tuesday,...

Press release: Independent review of flood insurance published

(AGENPARL) – LONDON (UNITED KINGDOM), ven 06 novembre 2020 Review led by former chair of ABI Amanda Blanc recommends greater protection for at-risk communities. Fonte/Source: https://www.gov.uk/government/news/independent-review-of-flood-insurance-published [1] ? Listen to this References ^ https://www.gov.uk/government/news/independent-review-of-flood-insurance-published (www.gov.uk) Read Article to Me (Mobile Version) Source URL: Read More The public content above was dynamically discovered – by graded relevancy to this site’s keyword...

Report: Flood-prone properties need better tracking by FEMA

The Federal Emergency Management Agency hasn’t been keeping close enough tabs on properties that frequently flood, making it harder for some property owners to lower their flood insurance rates. A September report from the U.S. Inspector General found that FEMA isn’t adequately managing severe repetitive loss properties — properties that frequently and repeatedly flood. If properties suffer severe flooding multiple...