Archive

  • Florida urged to improve building standards as Fema cuts flood subsidies

    04 April 2024

    State currently has highest insurance rates in US, nearly double second-placed Louisiana

  • NFIP has entered "actuarial death spiral", made flood insurance impossible to afford

    26 January 2024

    Senators press for reform of government flood programme which now has over $20bn of debt

  • Fema's Risk Rating 2.0 comes under further political scrutiny

    21 September 2023

    US government agency has until Monday to deliver documents on embattled flood model

  • NFIP suffered biggest ever flood loss from hurricane Ian

    14 November 2022

    Private flood insurance market rose 42% in 2021, AM Best finds

  • Fema defends Risk Rating 2.0 flood model from criticism

    25 November 2021

    But new model does not look to future climate change predictions

  • Risk Rating 2.0 "causing havoc" for US flood insurance

    02 November 2021

    Senator Bill Cassidy accuses NFIP's new flood insurance model of raising rates

  • White House report highlights NFIP vulnerability to climate change

    15 October 2021

    Fema is looking to revamp flood standards to account for worsening effects of climate change

  • US state regulators accused of hampering private flood insurance

    12 August 2021

    Milliman says the vast majority of flood risk in US is uninsured as climate change impact grows

  • Fema delays flood model to 2021 after Congress pushback

    11 November 2019

    Fear of hike in US flood insurance rates sees delay until after Presidential election

  • US flood insurance: new model, new hope?

    04 April 2019

    The federal flood insurance system has been setting milestones in mismanagement since it was introduced in 1968. Will a new risk model and other guidance improve the situation, and allow private insurers to participate? Sarfraz Thind reports