Despite rising climate risks, only 3.3% of U.S. homes had basic flood insurance in Nov. 2024, marking a decline for the ...
A Federal Reserve Bank of Philadelphia analysis found that 70% of expected annual flood losses in single-family residences ...
Gov. Andy Beshear said recovery efforts for recent floods will cost "hundreds of millions." FEMA head Kristi Noem got an up-close look at damage.
The new Flood Insurance Rate Map becomes effective in spring 2026, a date subject to change pending completion of the final review process. To view the preliminary Flood Insurance Rate Map, people may ...
The White House already approved a request for an emergency disaster declaration, allowing federal funding to go to areas ...
and the way to do it is to terrify us all into thinking that we will get fired if we do our basic job functions,” one FEMA employee told CNN. “We’re all just kind of frozen.” In a recent ...
the Federal Emergency Management Agency is borrowing $2 billion to pay National Flood Insurance Program claims. "This borrowing action follows payouts in 2024 from several large-scale and back-to ...
Americans can find flood coverage through FEMA's National Flood Insurance Program. However, this program has also experienced rate increases, and its discounted rates may not be reaching the right ...
the declaration will help place resources in flood-prone areas and places that may need additional help. "I'm preemptively going to sign a state of emergency that will allow us to pre-position ...
FEMA has always paid its NFIP claims on all eligible losses. Those who take the step to protect their homes and businesses by purchasing flood insurance get paid every dollar they are owed under their ...
For those subject to severe weather, this often includes P&C insurance that covers a wide range of weather events. This coverage could include flood insurance, earthquake insurance and more.
heavy government subsidization of flood risk through the National Flood Insurance Program (NFIP) and (2) extensive development in high-risk areas, particularly properties that have suffered ...