Flood Insurance Is Broken. Here Are Some Ways To Fix It

Destruction left after Hurricane Irma (Credit: Getty/Gerben Van Es) Hundreds of thousands of Americans whose homes were damaged or destroyed by flooding from Hurricanes Harvey and Irma don’t know how they will pay for repairs, rebuilding or replacement. Likewise, the nation as a whole needs a plan for fixing the deeply flawed federal system for managing and financing flood risks. The National Flood Insurance Program insures almost five million homes and businesses against flood risks and handles related services such as flood risk mapping and floodplain management.

Topics:  hurricane irma credit   getty/gerben van es    hundreds   hurricanes harvey   the national flood insurance program   september   december   i m   what s   as house financial services committee chairman jeb hensarling   hurricane katrina   finally   separately   gulf   expanding   the insurance information institute   corelogic   roy wright   biggert-waters act   general accountability office   problematic   wharton school   forgiving   treasury   private   how congress   lawmakers   the house   texas rep hensarling   federal emergency management agency   alfonso jose   cristina ventura   alfonso jr   bonita springs   florida   ap photo/david goldman   white house   august   robert w klein   director   center   rmi research   associate professor   risk management   insurance   georgia state university   irma   i    i   it   hurricane irma   americans   harvey    in   national flood insurance program   insurance    what   us   house   nfip   congress   biggert-waters   the gao   senate   trump   broken   ways   areas   losses   cover   homeowners   homes   government   coverage   people   problems   pay   percent   debt   charge   put   flooded   costs   years   taxpayers   latest   replacement   takes   means   landfall   experts   storm   number   doesn   vouchers   coastal   sell   sector   owners   runs   
BING NEWS:
  • Florida homeowners insurance is skyrocketing: Here’s what to know
    Across Florida, homeowners are dealing with costly insurance policies at a time when many have lost trust in their carriers after many dropped the ball on claims dealing with Hurricane Ian damage.
    04/23/2024 - 7:14 am | View Link
  • Homeowners insurance doesn't cover floods: How to protect your home in North Carolina
    Homeowners insurance doesn't cover floods, so purchasing separate flood insurance is crucial in North Carolina, especially in high-risk areas.
    04/22/2024 - 10:00 pm | View Link
  • Richfield construction subcontractor sentenced for insurance fraud
    A Richfield construction labor broker was sentenced Monday to three years' probation and temporarily banned from leading future work crews in Minnesota after threatening a worker with deportation and ...
    04/22/2024 - 10:35 am | View Link
  • Is your property insurance on the rise? These strategies could save you money
    That being said, if you’re already insured with one of those big-name carriers, it is absolutely worth a phone call to see if they can bundle your other line of insurance with them,” he said. Carlucci ...
    04/22/2024 - 6:22 am | View Link
  • Battling FEMA: What is Lee County doing to restore your flood insurance discount?
    Lee County announced Tuesday that it asked FEMA for an additional extension of time in order to respond to its information requests in order to preserve its 25% National Flood Insurance Plan (NFIP ...
    04/16/2024 - 9:42 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News