This is an excerpt of a commentary by Anita Byer, president of Setnor Byer Insurance & Risk in Plantation, FL. Read it in its entirety at Hill Country News. This year is the 50th anniversary of the National Flood Insurance Program, and this federally subsidized program has not aged well. In 2017, it had the […]
(This excerpt was originally published at Inside Sources) Since September 2017, lawmakers had passed nine short-term extensions to the National Flood Insurance Program (NFIP), which covers more than 5.1 million flood policies throughout the country and provides vital assistance to disaster-stricken communities. On December 21, 2018, they did it again, voting to keep the program […]
In the following excerpts from a commentary for The Hill by ValuePenguin’s Maxime Rieman, one thing is clear, property owners across the United States are either shortchanged or shortsighted by flood insurance. Rieman’s perspective begs the question we’ve been posing for quite some time: Is the price homeowners forced to pay for flood insurance justified, […]
From the headlines to your bottom line, this edition of Flood Risk News & Notes includes another extension of the National Flood Insurance Program (NFIP); an increase in flood insurance premium rates; flood map changes in more than 70 communities around the country; and a reminder about elevation certificates. Below you will find a summary […]