The National Flood Insurance Program (NFIP), which insures nearly 5 million properties across the U.S., has officially lapsed following the government shutdown. As of midnight on Sept. 30, FEMA can no ...
No new or renewed policies during the lapse; FEMA says valid claims will still be paid with available funds. NAR estimates about 1,300 property sales per day—roughly 40,000 closings a month—could be ...
The Federal Emergency Management Agency (FEMA) announced Monday it has launched a National Flood Insurance Program (NFIP) call center pilot program to serve and support policyholders with the ...
The National Flood Insurance Program, which accounts for 88% of the nation's flood insurance and is managed by the Federal Emergency Management Agency, is set to expire on Sept. 30. If Congress and ...
Authorization for the largest residential flood insurance program in the U.S. is set to expire Tuesday, leaving homeowners unable to access new coverage and potentially wreaking havoc on home sales in ...
Insurance.com reports that FEMA cuts to disaster response funding will likely increase home insurance rates and limit coverage in high-risk areas.
BILOXI, Miss. (WLOX) - For those trying to buy a home located in a flood zone, they’ll need flood insurance to get a mortgage. A policy from the National Flood Insurance Program (NFIP) is usually the ...
Sacramento remains one of the most flood-prone areas in the country, with significant development and construction taking place in historic floodplains despite ongoing efforts to shore up protections.
As the NFIP faces expiration amid peak disaster seasons and a potential government shutdown, uncertainty looms for homeowners and insurers. States are increasingly taking resilience into their own ...