For half a century, a federal program has covered most at-risk properties. Now, a private company is pitching a plan to ...
The National Flood Insurance Program (NFIP), which insures nearly 5 million properties across the U.S., has officially lapsed following the government shutdown. As of midnight on Sept. 30, FEMA can no ...
It’s the middle of hurricane season, and meteorologists say we’ve been lucky so far. Of the nine named storms and three hurricanes that have formed this season, only one short-lived tropical storm has ...
The National Flood Insurance Program (NFIP) cannot issue new flood insurance policies during a government shutdown. Existing NFIP policies remain valid if issued on or before September 30, 2025 and ...
No new or renewed policies during the lapse; FEMA says valid claims will still be paid with available funds. NAR estimates about 1,300 property sales per day—roughly 40,000 closings a month—could be ...
NEW ORLEANS — Louisiana could be hit especially hard if the National Flood Insurance Program (NFIP) is allowed to expire at the end of the month. The program, which provides federally backed flood ...
If the government shuts down as expected on Wednesday, the National Flood Insurance Program (NFIP) will no longer be able to issue new policies or renewals, which could cause headaches for homeowners ...
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Government Shutdown Freezes National Flood Insurance Program: What Homeowners and Buyers Need to Know
Did you know that because of the government shutdown, FEMA's National Flood Insurance Program is not available to new customers or people who want to increase their coverage? On March 15, Congress ...
Mortgage lenders require flood insurance on homes in certain FEMA-designated flood zones. Typically, the coverage requirement is either the full replacement cost of the home, the maximum amount ...
With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...
The National Flood Insurance Program, which accounts for 90% of all U.S. flood policies, often couldn’t sell or renew coverage during the 44-day government shutdown.1 The budget bill that ended the ...
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