Flood insurance

Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms.

One in five new homes permitted in Houston in the year after Hurricane Harvey is in a flood plain — some on prairie developed for the first time after the storm — even as new rainfall data showed existing flood maps understate the risk posed by strengthening storms.

The federal government has paid out $163.9 million in flood insurance for 1,100 homes in North Carolina with severe repeitive losses, which is almost 60% of their combined total value.

It would be impossible to pick out a single video or photograph that sums up Irma, which dropped from a hurricane to a tropical storm by the time it smacked Lake County, Fla., one year ago today.

Since 2000, the southeastern Atlantic coast has seen a 160% increase in high tide flooding, the number of days when coastal water levels reach or exceed a half meter over the long-term average highest tides.

Lawmakers authorized a four-month extension less than a day before the program was set to expire.

CoreLogic has updated its Risk Quantification and Engineering tool amid California wildfires to include U.S. Wildfire and U.S. Severe Convective Storm models to support the mortgage and insurance industries in better assessing natural disaster risk.

With the program set to expire July 31, the House bill will have to be reconciled with Senate legislation that includes a longer extension.

Reps. Ed Royce, R-Calif., and Earl Blumenauer, D-Ore., introduced a bipartisan package of legislation Tuesday to extend the National Flood Insurance Program through Nov. 30.

Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings.

The Senate's farm bill would prevent the July 31 lapse of the National Flood Insurance Program, but it still needs to be debated in conference with the House.

There are almost 7 million coastal homes facing more than $1.6 trillion in potential storm-surge reconstruction expenses this year, representing a 6.6% cost increase from last year's hurricane season.

As Congress moves quickly toward passing regulatory relief legislation, another financial services policy goal — long-term reform of the National Flood Insurance Program — remains stalled.

Senate leaders have unveiled a budget agreement that includes $64.2 billion to help states and U.S. territories recover from last year's hurricanes, wildfires and other disasters.

Likely changes to the National Flood Insurance Program are poised to raise costs for many Jersey Shore homeowners, perhaps substantially.

Commissioners Court is considering slowing the growth of the Harris County, Texas, budget as officials continue to grapple with Hurricane Harvey's widespread destruction and potential impact on property tax revenues.

The percentage of flood damage to residential properties from Hurricane Harvey that is uninsured is turning out to be a little higher than earlier estimates.

The government shutdown and Congress' inability to reauthorize the National Flood Insurance Program could delay some home sales and loan closings.

Hurricane Irma's price tag in federal disaster assistance now totals $1.95 billion in Florida, including $39 million on the Treasure Coast, according to federal reports.

Numerous business sectors are urging lawmakers to act quickly to extend the National Flood Insurance Program before a crucial deadline next week.