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    News Update - National Flood Insurance Program Re-authorized through May 31, 2019

    Posted by Soules Insurance on Wed, Dec 26, 2018

    As of Friday, December 21st, Congress has re-authorized NFIP until May 31, 2019.  The President is expected to sign the reauthorizing legislation.

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    Tags: flood insurance, Flood Damage, Floods, Flooding, NFIP, Flood Insurance Coverage, FEMA, Flood Reform, National Flood Insurance Program, Federal Emergency Management Agency, Lapse, Flood Insurance Program Reinstated, Congress has re-authorized NFIP, National Flood Insurance Program Re-authorized

    Breaking News - Important NFIP Reauthorization Update

    Posted by Soules Insurance on Fri, Dec 21, 2018

    As of Friday, December 21 Congress has not yet acted to reauthorize the National Flood Insurance Program. The NFIP authority is set to expire tonight at 11:59 pm. Should reauthorization not occur prior to 11:59 pm tonight, the program will fall into a lapse period. 

    Congress must now reauthorize the NFIP by no later than 11:59 pm on Dec. 21, 2018. 

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    Tags: flood insurance, Flood Damage, Floods, Flooding, NFIP, Flood Insurance Coverage, FEMA, Flood Reform, National Flood Insurance Program, Federal Emergency Management Agency, Lapse

    FEMA eyes letting people rebuild homes after taxpayer buyouts

    Posted by Soules Insurance on Fri, Apr 27, 2018

    The Federal Emergency Management Agency is proposing to allow owners of homes destroyed by storms and bought out by the government to rebuild on the same flood-prone land. Currently, FEMA offers to buy homes that have been repeatedly damaged by flooding but then tears down the structure and turns the land into open space. The policy is intended to limit future disaster costs, by removing buildings in locations that make them particularly vulnerable to floods.

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    Tags: hurricane, Flood, Flood Damage, Hurricane Harvey, FEMA, Rebuild Home, Taxpayer, Buyout, Rebuild after Harvey, Rebuild, Taxpayer Buyouts, Harvey, Federal Emergency Management Agency