Neptune Flood, St. Petersburg, Fla., released an analysis of the U.S. residential flood insurance market, finding that while 20 million U.S. homes are at moderate-to-severe flood risk, only 3.8 million are insured.
Tag: Flood Insurance

Neptune Flood Highlights Severe Impact of Hurricanes Helene, Milton
Neptune Flood, St. Petersburg, Fla., recently released an analysis of the aftermath of hurricanes Helene and Milton, specifically regarding the U.S. flood insurance market.

Congress Passes Three-Month, Stopgap Funding Bill; NFIP Also Extended Until December
Wednesday evening, the U.S. House and Senate passed an identical Continuing Resolution (CR) that averts a government shutdown and extends Fiscal Year 2024 funding levels through Dec. 20, 2024.

MBA, Trade Groups Weigh in On Private Flood Insurance
The Mortgage Bankers Association and 10 other industry organizations commented on private flood insurance questions and answers published by regulatory agencies.

FHA Proposes Private Flood Insurance Option for Single-Family Mortgages
The Federal Housing Administration last week published a proposed rule to allow a private flood insurance option, instead of insurance through the National Flood Insurance Program, when flood insurance is required by FHA.

How Servicers Can Address Flood Insurance Issues
Today’s regulatory environment can move as fast as flood waters. Helping borrowers find opportunities to reduce or even remove their flood insurance starts with understanding all of the basics around this ever-changing area.