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 ...
Authorization for the largest residential flood insurance program in the U.S. is set to expire Tuesday, leaving homeowners unable to access new coverage and potentially wreaking havoc on home sales in ...
The Path Forward Recovery efforts in Washington underscore the need for alignment between NFIP's mandate framework and FEMA's modernized risk assessment model. Updating mortgage requirements to ...
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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 ...
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 ...
As Congress negotiates a short-term deal to keep the government funded and avoid a shutdown on October 1, homeowners might not be thinking about their flood insurance. But most flood insurance ...
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 ...
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 ...
The Federal Emergency Management Agency (FEMA) announced Monday it has launched a National Flood Insurance Program (NFIP) call center pilot program to serve and support policyholders with the ...
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 ...
For more than a month, a lapse in funding froze Americans' largest provider of flood insurance. The National Flood Insurance Program, which accounts for 90% of all U.S. flood policies, often couldn't ...
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