Tag: flood insurance

FEMA Releases Flood Insurance Advocate Annual Report

Filed in Codes and Standards, Environment by on April 29, 2020 0 Comments
FEMA Releases Flood Insurance Advocate Annual Report

The Federal Emergency Management Agency (FEMA) on April 21 released the 2019 Annual Report from the Office of the Flood Insurance Advocate. The report examines and makes recommendations on policyholder and property owner concerns or frustrations with the National Flood Insurance Program (NFIP).

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Banking Agency Issues Guidance on Flood Insurance

Banking Agency Issues Guidance on Flood Insurance

On April 15, 2020, the Office of the Comptroller of the Currency (OCC) issued a statement in response to FEMA extending the grace period for renewing flood insurance policies. The statement provides guidance to the financial institutions it regulates, and addresses conflicts between the FEMA rule and banking agency flood insurance rules.

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FEMA to Allow for Remote Inspection of Flood Losses

FEMA to Allow for Remote Inspection of Flood Losses

In response to the COVID-19 pandemic, the Federal Emergency Management Agency (FEMA) has issued a new  COVID-19 Remote Claims Adjusting Guidance memorandum that allows for remote inspections of flood losses to protect the health and safety of National Flood Insurance Program (NFIP) policyholders and NFIP adjusters during the outbreak.

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FEMA Extends Grace Period for Flood Insurance Renewal Premiums

Filed in Codes and Standards, Environment by on March 30, 2020 0 Comments
FEMA Extends Grace Period for Flood Insurance Renewal Premiums

Due to the COVID-19 pandemic, the Federal Emergency Management Agency (FEMA) will be extending the grace period to renew flood insurance policies under the National Flood Insurance Program (NFIP) from 30 days to 120 days.

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FEMA Defers Implementation of New Flood Insurance Risk Rating System

Filed in Codes and Standards, Environment by on November 7, 2019 2 Comments
FEMA Defers Implementation of New Flood Insurance Risk Rating System

The Federal Emergency Management Agency (FEMA) announced today it was deferring implementation of its new flood insurance risk rating program by one year until Oct. 1, 2021.

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New FEMA Risk Rating 2.0 to Determine Flood Insurance Rates

Filed in Codes and Standards, Environment by on July 18, 2019 0 Comments
New FEMA Risk Rating 2.0 to Determine Flood Insurance Rates

The Federal Emergency Management Agency (FEMA), which oversees and implements the National Flood Insurance Program (NFIP), has initiated a long-term effort to transform the program to make it more consumer friendly and better reflect the actual risks properties face.

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House Panel Approves Long-Term Flood Insurance Reauthorization

Filed in Advocacy, Environment by on June 12, 2019 0 Comments
House Panel Approves Long-Term Flood Insurance Reauthorization

The House Financial Services Committee voted today to advance NAHB-supported bipartisan legislation that would reauthorize the National Flood Insurance Program for five years through Sept. 30, 2024.

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In a Win for NAHB, House Leaders Agree on Long-Term Flood Insurance Deal

Filed in Advocacy by on June 7, 2019 0 Comments
In a Win for NAHB, House Leaders Agree on Long-Term Flood Insurance Deal

In an important victory for NAHB, House Financial Services Committee Chair Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry have reached an agreement on a five-year reauthorization of the National Flood Insurance Program (NFIP) through Sept. 30, 2024.

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Congress Approves 4-Month Extension of Flood Insurance Program

Filed in Advocacy, Disaster Response by on June 3, 2019 1 Comment
Congress Approves 4-Month Extension of Flood Insurance Program

The House and Senate have approved disaster relief legislation that extends funding for the National Flood Insurance Program (NFIP) for another four months through Sept. 30, 2019.

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NAHB Helps Avert Lapse in Federal Flood Insurance Program

Filed in Advocacy, Disaster Response by on May 30, 2019 0 Comments
NAHB Helps Avert Lapse in Federal Flood Insurance Program

Thanks in large part to NAHB’s efforts, the House and Senate have approved legislation that extends funding for the National Flood Insurance Program (NFIP) for another two weeks through June 14, 2019.

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