National Flood Insurance Program Archives

Sep19
National Flood Insurance Program Needs Revamping
Andrew Smyth September 19, 2006
Know More: Consumers, Flood Insurance, National Flood Insurance Program, New Orleans 2.0, New Orleans
It goes without saying that the U.S. National Flood Insurance Program (NFIP) is need of drastic changes to prevent repeating the Katrina disaster.  The NFIP received a $25 billion dollar bailout after Hurricane Katrina hit “and highlighted deficiencies that have...
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Posted at 10:00 AM | Permalink | Comments
Sep 9
The Rich Love The National Flood Insurance Program
Andrew Smyth September 9, 2006
I found an interesting article on www.townhall.com written by Marvin Olasky about the popularity of the National Flood Insurance Program (NFIP) among the well to do.  Apparently John Stossel of ABC utilized the NFIP to his advantage.In the article Stossel... Continue Reading
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Sep 8
Many Americans Oppose Subsidizing Insurance For People In High-Risk Areas
Andrew Smyth September 8, 2006
The not-for-profit Insurance Research Council (IRC) conducted an online poll about whether “adult Americans opposed programs and policies that subsidize the cost of insurance for people in high-risk areas” according to nationalunderwriter.com.  Respondents were asked to think of the National... Continue Reading
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Sep 5
Louisiana Department of Insurance Releases Insurance Facts About Hurricane Katrina
Andrew Smyth September 5, 2006
Some astonishing numbers have been released by the Louisiana Insurance Department in a press release on their website.  These numbers represent “statewide estimates of reported claims and insured losses paid-to-date (information as of July 31, 2006) for damage caused by... Continue Reading
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Jul14
FEMA Announces 5 Million Americans Now Have Flood Insurance
Andrew Smyth July 14, 2006
The Federal Emergency Management Agency (FEMA) made the announcement that over 5 million Americans currently have flood insurance.  FEMA director David Paulison credited the milestone to consumers, insurance agents, lenders, real estate agents, state insurance commissioners, industry leaders and the... Continue Reading
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Jul 3
NAIC Voices Backing Of A Self-Supporting National Flood Insurance Program
Andrew Smyth July 3, 2006
According to nationalunderwriter.com there is a chorus of support from the National Association of Insurance Commissioners (NAIC) and other insurance industry trade groups for legislation aimed at making the National Flood Insurance Program self-supporting.The only hick up in support was... Continue Reading
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National Flood Insurance Program Bill Being Considered In Senate
Flooding In New England Exposes Lack Of Insurance Coverage
Filing Flood Insurance Claims
California Insurance Commissioner John Garamendi Speaks Of Protection Against "Flood Peril"

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