Category: FloodInsurer.com

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,...

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Cassidy, Gillibrand Release National Flood Insurance Extension Draft Legislation for Comment | U.S. Senator Bill Cassidy of Louisiana

  Cassidy, Gillibrand Release National Flood Insurance Extension Draft Legislation for Comment WASHINGTON—Today, US Senators Bill Cassidy, MD (R-LA) and Kristen Gillibrand (D-NY) released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set to expire on September 30, 2017. “The National Flood Insurance Program gives essential coverage for many,” said Dr....

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Munich Re Announces New U.S. Inland Flood Insurance Product, Providing More Options for Homeowners

PRINCETON, N.J.–(BUSINESS WIRE[1])–Munich Reinsurance America, Inc. announces a new personal lines inland flood insurance product designed to provide more options for homeowners in low-to-moderate-hazard flood zones. According to the National Flood Insurance Program (NFIP), flood is the most common natural disaster in the United States and all 50 states have experienced floods or flash floods over the past five years....

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Intact Centre | Commercial Real Estate Media Features

Last Updated: December 7, 2020 2020 Exchange Magazine, November 26: Experts offer a ‘toolbox’ to protect lives and properties from flooding, Canada’s costliest extreme weather challenge[1] Prevention Web, November 25: Under one umbrella: Practical approaches for reducing flood risks in Canada[2] Le Réseau d’Information Municipale, November 25: Des experts proposent une « boîte à outils » pour protéger la population...

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