National Flood Insurance ProgramMay 31stExtension Avoids Dangerous Lapse in Coverage NEW YORK –In the waning hours prior to the U.S. Federal Government’s partial shutdown, RIMS, the risk management society™, welcomed congressional action to extend the National Flood Insurance Program (NFIP). ...
In October 1995 the Southeast endured the wrath ofCategory 3 Hurricane Opal. The hurricane ravaged Florida, Alabama, western Georgia, eastern Tennessee, and the western Carolinas with its gusting winds and flooding. Most of the damage came fromstorm surges of up to 10 to 15 feetalong the coas...
FEMA NOTIFIES MONROE COUNTY, FLORIDA, OF IMPENDING FLOOD INSURANCE PROBATIONAGENCY GROUP 09FDCH Regulatory Intelligence Database
update flood risk assessments and potentially broaden NFIP insurance requirements; FEMA announced it will be effective in October 2021.159 This change may increase coverage among PA-eligible facilities, thereby reducing the amount of future uninsured damages eligible for PA. ...
The FEMA guide states: "The force placement of coverage is designed for use at any time during the term of a loan in uninsured and underinsured situations; it is not intended for use at loan origination. If a borrower refuses to obtain flood insurance coverage as a condition of obtaining a...