National Flood Insurance Program pays $114M for La. hurricane victims
The National Flood Insurance Program, backed by the federal government, has paid more than $114 million to Louisiana victims of hurricanes Laura, Delta and Zeta, the Federal Emergency Management Agency said.
The NFIP has paid more than $44 million to Hurricane Laura victims, more than $67 million for Hurricane Delta victims, and about $3 million for Hurricane Zeta victims, FEMA said.
Louisiana has been approved for more than $1 billion in federal disaster assistance, long-term disaster loans and flood insurance claims since hurricanes Laura and Delta made landfall, mostly consisting of $627 million in low-interest loans to homeowners and renters by the U.S. Small Business Administration, FEMA said.
Over $115M in Federal Flood Insurance Paid in Louisiana for 2020 Hurricanes February 2, 2021
As of Feb. 1, the National Flood Insurance Program (NFIP) has paid out more than $115 million in flood claims in Louisiana in response to the 2020 hurricane season. That figure is up from the $110 million in NFIP payments reported in mid-January.
FEMA reported that 35% of Louisiana NFIP flooding claims came from policyholders in moderate to low-risk flood zones.
The federal emergency assistance agency is reminding property and business owners, as well as renters in moderate- to low-risk areas, of the availability of lower-cost flood insurance known known as Preferred Risk Policies (PRPs).
Scientific American
A patchwork of state laws can leave some home buyers unaware of their risks and uninsured
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An aerial view a flooded neighborhood on February 28, 2019 in Guerneville, California. The Russian River crested over flood stage and inundated the town of Guerneville. Credit: Justin Sullivan
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An expert federal panel has added its voice to the growing campaign for laws requiring homebuyers to be informed about a property’s flood history, calling current disclosure practices “not adequate.”
A Federal Emergency Management Agency advisory panel says in a new report that prospective buyers cannot “make a fully informed decision” about whether to buy a property in states that do not require sellers to disclose flood history. The disclosure can help buyers determine whether a property has been previously damaged by flooding, is at risk of future flood damage and whether new owners should buy flood insurance.
Neptune Flood Partners with Acadian Managers to Offer Flood Insurance in Louisiana yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
City’s Adherence to Flood Program Reduced Insurance
Cedar Rapids participated in the National Flood Insurance Program s Community Rating System, administered by FEMA. This means residents who buy flood insurance receive lower premiums for their homes or businesses. by Marissa Payne, The Gazette, Cedar Rapids, Iowa / February 1, 2021 TNS
(TNS) - When the Cedar River flooded over 10 square miles of the city in 2008, few property owners had flood insurance slowing recovery for residents and business owners as they waited for resources from the federal government.
In 2010, city officials set out to change that by beginning the process to participate in the National Flood Insurance Program s Community Rating System, administered by the Federal Emergency Management Agency. The city s participation in the program means residents who buy flood insurance receive lower premiums for their homes or businesses.