July 19, 2017 12:33 PM EDT
The National Flood Insurance Program is up for reauthorization by the end of September and the clock is ticking for legislation to extend the program. With so many homeowners and small businesses depending on this vital program, will Congress take the necessary steps to reform and strengthen the program—especially in light of the growing risks of coastal and inland flooding?
Here’s a quick rundown of the latest bills and what they might mean for the future of the program. Read more >
May 25, 2017 4:34 PM EDT
The damaging cuts included in President’s Trump proposed budget make clear that the administration is willing to put Americans at risk by shortchanging investments in disaster preparedness. Read more >
February 25, 2014 6:01 PM EDT
In an extraordinary turnabout, House members seem set to abandon bedrock principles of fiscal conservatism by voting on a bill to undermine the Biggert-Waters flood insurance reforms. Those reforms would have put the highly-indebted National Flood Insurance Program (NFIP) in a more solvent position, benefiting taxpayers who have been footing the growing bill for costs of flooding. They would have also helped shine a light on the growing risks and costs of development along parts of our coasts threatened by sea level rise, storm surge, and flooding. Read more >
January 29, 2014 12:14 PM EDT
As I mentioned in a previous blogpost, the Senate is gearing up to vote on delaying the reforms to the National Flood Insurance Program (NFIP) mandated by the Biggert-Waters Act. With rising sea levels increasing the risk of coastal flooding and the NFIP’s debt mounting (over $24 billion currently), it’s time for senators to find a sensible middle ground that protects both local communities and taxpayers. Read more >
January 15, 2014 12:36 PM EDT
The Biggert-Waters Flood Insurance Reform Act, which passed with broad bipartisan support in July 2012, requires the taxpayer-backed National Flood Insurance Program (NFIP) to set premiums that reflect true flood risk and will help put the program on a more financially secure footing. Now many of the same senators who voted to support these necessary and overdue reforms are set to gut them. Biggert-Waters is flawed but it can and should be fixed, not overturned or substantially delayed. Read more >
