Flood Insurance


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…

, 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…

R Street Institute Testifies Before Senate Banking Committee on National Flood Insurance Program
Jerry Theodorou
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Five Solutions to Help Fix the National Flood Insurance Program from R Street Testimony to the U.S. Senate Banking, Housing and Urban Affairs Committee
William Gray

The National Flood Insurance Program (NFIP) was originally established in 1968 to provide flood insurance coverage that private insurers would not. The intended goal was to encourage state and local…

, The Wall Street Journal
Flood-Prone Homes Could Lose Federal Insurance Under FEMA Plan
Jerry Theodorou

From The Wall Street Journal:
Mr. Toomey asked Jerry Theodorou of the R Street Institute, a conservative-leaning Washington-based think tank, how seriously Congress should look at paying…

, The New York Sun
Proposed Overhaul of Federal Flood Insurance Program Would See Premiums Skyrocket for New Homes in Coastal Areas
Jerry Theodorou

From The New York Sun:

Another proposal submitted to lawmakers by the Biden administration would establish new disclosure laws that would force sellers or landlords to disclose a property’s…

House Financial Services NFIP Reform and Reauthorization Overview
Caroline Melear

The House Financial Services Subcommittee on Housing, Community Development and Insurance recently held a hearing on the Reauthorization and Reform of the National Flood Insurance Program…

Climate change threatens nearly one third of U.S. hazardous chemical facilities
R.J. Lehmann

From NPR:

Flooding is by far the most widespread hazard, the report finds.

Of the 3,219 facilities located in harm’s way, more than 2,400 of them are at high risk for flooding, according to…

, Insurance Journal
Insurance Issues in 2022 – What to Expect
Jerry Theodorou

Unusual loss trends in 2021 called on the property & casualty insurance industry to play its role as the economy’s financial first responder. A look back at the most extreme loss patterns of…

, Insurance Journal
Unusual Weather We’re Having, Ain’t It?
Jerry Theodorou

A scene in The Wizard of Oz finds Dorothy, the Cowardly Lion and Scarecrow in a poppy meadow with snow coming down. The Cowardly Lion says, “unusual weather we’re having, ain’t it?” If Bert…

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