FEMA scales back flood insurance underwriting that Congress thought it had fixed

FEMA scales back flood insurance underwriting that Congress thought it had fixed

fema.image
Residents wade through high water on Catalina Street in Monticello subdivision as flood waters rise in August 2016. A new study shows private insurers could help reduce the cost of flood insurance. (Staff photo/The Advocate)

The Advocate | December 27, 2018

The Federal Emergency Management Agency says it will not issue new flood insurance policies or renew existing ones that lapse, upsetting members of Congress who believed they took steps last week to ensure continuation of the National Flood Insurance Program despite a partial government shutdown.

Claims made under NFIP policies in effect before midnight Dec. 21, when the federal shutdown began, will be honored for as long as funds are available, according to a statement on FEMA’s website.

Click here for full story.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s