Flood Insurance

Publications

, CBS Miami
TV: Expert: Property insurance premiums likely to double by end of year
Caroline Melear

From CBS Miami:

Damage reports from the massive hurricane are being assembled.

“Initial estimates are coming in at 30 billion dollars in damages,” said insurance expert Caroline…

Hurricane Ian devastates Florida. Will it collapse the homeowners insurance market?
Caroline Melear

Hurricane Ian, a massive and powerful Category 4 storm, made landfall on the gulf coast of Florida on Wednesday. With unprecedented storm surge of 12 to 18 feet and winds around 150 miles per hour,…

Protecting Your Property from Flooding: What You Need to Know
Caroline Melear

As flooding takes hold in unusual places across the United States, including eastern Kentucky, St. Louis, and even Las Vegas, Americans are grappling with the devastating effects. Many have lost…

Event: The Private Market for Flood Insurance
Jerry Theodorou & Caroline Melear

The private market for flood insurance in the United States measures approximately $300 million in annual premium. This is less than 10 percent of the $3.7…

, Insurance Journal
Sparks Fly at National Flood Insurance Program Reauthorization Hearing
Jerry Theodorou

On June 23, the U.S. Senate Banking, Housing, and Urban Affairs committee held a hearing to discuss legislative proposals to reform the Federal Emergency Management Agency’s (FEMA) National Flood…

Senate Banking Committee NFIP Reauthorization Overview Featuring R Street’s Jerry Theodorou
Caroline Melear

The Senate Committee on Banking, Housing, and Urban Affairs held a hearing Thursday to discuss the reauthorization and reform of the National Flood Insurance Program (NFIP).
Founded in 1968…

, The Insurer
R Street proposes five NFIP solutions at Senate hearing
Jerry Theodorou

Public policy research organisation R Street suggested five solutions to help fix the National Flood Insurance Program (NFIP) during a recent Senate banking committee hearing, including developing a…

, Law360
Senators Clash Over FEMA Proposal To Block Flood Insurance In Risky Areas
Jerry Theodorou

From Law360:

More broadly, Toomey said the NFIP is “fundamentally broken” and asserted that “we should be protecting the transition to actuarially sound premiums” — meaning ensuring premiums…

, Law360 Legal News
NFIP Experts Urge Senators To Mitigate Flood Risks
Jerry Theodorou

From Law360 Legal News:

The Federal Emergency Management Agency’s transparency with its own risk rating algorithms drew sharp criticism from Sen. John Kennedy, R-La. He criticized the work of two…

R Street Institute Testifies Before Senate Banking Committee on National Flood Insurance Program
Jerry Theodorou

The R Street Institute’s testimony before the Senate Committee on Banking, Housing, and Urban Affairs on the National Flood Insurance Program. Testimony by Jerry Theodorou, Director of the Finance,…

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