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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

    House Passes The 21st Century Flood Reform Act - What's in it?

    Posted by Soules Insurance on Fri, Nov 17, 2017

     

    On Nov. 14, the U.S. House of Representatives passed the 21st Century Flood Reform Act (H.R. 2874) to address the issue of the cost of repeatedly flooded properties draining the National Flood Insurance Program (NFIP), which is already in significant debt.

    There are five sections to the bill: policyholder protection and information, increasing consumer choice through private market development, mapping fairness, protecting consumers and individuals through improved mitigation, and program integrity. Here are the highlights of each section:

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    Tags: Flood, NFIP, 21st Century Flood Reform Act, H.R. 2874, Flood Reform, Flood Reform Act, National Flood Insurance Program