Category: The National Flood Insurance Program (NFIP)

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FEMA Moves Out on New Insurance Ratings

On April 1, 2021, the Federal Emergency Management Agency (FEMA) released an official announcement (Release Number HQ-21-079) and Memorandum for Write Your Own (WYO) Principal Coordinators and the National Flood Insurance Program (NFIP) Direct Serving Agent (W-21003) outlining plans for implementing its new NFIP rating system known as Risk Rating 2.0 described by FEMA as … Continue Reading

How Flood Insurance and Endangered Species Are Connected

Most people would not associate flood insurance with the protection of endangered species. But over the past decade, the Federal Emergency Management Agency (FEMA) has been the target of multiple lawsuits alleging that the agency has violated the Endangered Species Act by not considering the impacts of its flood insurance program on endangered species and … Continue Reading

No Long-Term Reauthorization Yet; NFIP Extended Through November 30, 2018

In a last minute move to avert a mini-financial disaster, today the Senate passed, and the president signed, a bill to extend the NFIP until November 30, 2018.  The House had previously passed a companion bill.  Demonstrating the broad support to keep the program running, the Senate passed the bill 86-12 and the president signed … Continue Reading

Leadership Changes at FEMA’s Flood Insurance Group

FEMA has announced that Roy Wright, the director of FEMA’s National Flood Insurance Program, is stepping down to take the helm of a nonprofit backed by the insurance industry.  We will be sorry to see Roy leave.  He was a great advocate for purchasing flood insurance, for sensible policies by FEMA, and for modifying FEMA’s administration … Continue Reading

Will the National Flood Insurance Program (NFIP) be reauthorized, extended, or what?

The National Flood Insurance Program (NFIP) will expire at the end of the month. For anyone that has read the newspaper lately, this is a lousy time for the program to expire with two hurricanes bearing down on the Eastern seaboard, and Texas’ largest city recovering from a 100-year storm. But politically, it is a … Continue Reading

A Quick Look at What’s Ahead on the Water Infrastructure Front

Today’s post features commentary from guest author Julie Minerva. I often joke with my clients that following issues too closely at the federal level can result in whiplash. To that regard, it has been a very active summer in Washington, DC on the water infrastructure front. Here’s a rapid fire look at some of the top items … Continue Reading

Should California Leave the NFIP and Create its Own Flood Insurance Program?

Researchers at UC Davis recently concluded that California should consider leaving the National Flood Insurance Program (NFIP) and explore implementation of its own statewide flood insurance program in order to invest in risk reduction rather than premiums.  This is an idea that has been talked about for years by state and local flood management experts.  … Continue Reading

NFIP Rates are Going Up on April 1… But Do Enough People Care for Congress to Change its Mind?

People definitely care. But not enough people are likely to care to make a political issue out of it due to how the rate increases were designed. The National Flood Insurance Program (NFIP) rate increases called for by the last two acts of Congress are designed as slow and modest increases for the vast majority … Continue Reading
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