flood

A few years ago, back in 2017, CoreLogic estimated that roughly 70% of the flooding damage incurred from Hurricane Harvey was uninsured. Sadly, according to CoreLogic’s most recent report, not much has changed. It would appear that homeowners are still often completely unaware of their increased risk and exposure to flooding—a lack of awareness that … The post Study Shows …

The new report details several areas of customer frustration related to the NFIP that warrant a systemic solution. The post FEMA Delivers Update on NFIP Progress appeared first on DSNews.

FEMA transferred the National Flood Insurance Program’s flood risk to the capital markets through the issuance of its third catastrophe bond transaction The post NFIP Issued $400m in Reinsurance Protection appeared first on DSNews.

According to new research from Rice University, government buyouts of flood-damaged homes disproportionately benefit whiter, wealthier communities, even as low-income and minority homeowners are more likely to participate in such programs. The post The Racial Divide of Flood Damage Buyouts appeared first on DSNews.

As the Pearl River reaches historic levels, Jackson, Mississippi residents prepare their homes for impending damage. The post Mississippi Homes at Risk of Flood Damage appeared first on DSNews.

Here’s why the future of the National Flood Insuance Program and private flood insurance depends on data and technology. The post The Next Steps for NFIP appeared first on DSNews.

The newest reinsurance covers portions of NFIP losses above $4 billion from a single flood event. Click through to read more on the announcement. The post FEMA, NFIP Announce $1.33B Transfer in Reinsurance Placement appeared first on DSNews.

Here’s why experts some experts have expressed confusion about the most recent short-term extension of the National Flood Insurance Program. The post NFIP’s “Head-Scratching” Short-Term Extension appeared first on DSNews.