National Flood Insurance Program

FRB News: Agencies issue statement on financial institutions issuing loans when National Flood Insurance Program is unavailable

WASHINGTON – The federal bank regulatory agencies remind banks, savings associations, and Farm Credit System institutions that they can continue to make loans during periods when the National Flood Insurance Program (NFIP) administered by the Federal Emergency Management Agency (FEMA) is unavailable. The attached guidance issued in 2010 is generally applicable whenever the NFIP is … Continue reading FRB News: Agencies issue statement on financial institutions issuing loans when National Flood Insurance Program is unavailable

PANAMA CITY, Fla. | The Latest: Georgia crops hit hard by Hurricane Michael

PANAMA CITY, Fla.  — The Latest on the impact of Hurricane Michael’s destructive path across the southeastern U.S. (all times local): 9:45 p.m. Georgia’s Department of Agriculture is coordinating efforts to assist recovery in Southwest and Central Georgia, areas most affected by Hurricane Michael. Commissioner Gary W. Black, in a news release Thursday, said crops, … Continue reading PANAMA CITY, Fla. | The Latest: Georgia crops hit hard by Hurricane Michael

PANAMA CITY, Fla. | The Latest: Michael caused estimated $8B in insured losses

PANAMA CITY, Fla.— The Latest on the impact of Hurricane Michael’s destructive path across the southeastern U.S. (all times local): 8:10 p.m. An insurance company that produces models for catastrophes is estimating Hurricane Michael caused about $8 billion in insured losses. Boston-based Karen Clark & Company released the estimate Thursday. It includes the privately insured … Continue reading PANAMA CITY, Fla. | The Latest: Michael caused estimated $8B in insured losses

PIA Calls on Congress to Immediately Extend the National Flood Insurance Program After Failure of Continuing Resolution

WASHINGTON/ Jan. 21, 2018 (STLRealEstate.News) — The National Association of Professional Insurance Agents (PIA) calls on Congress to immediately pass legislation to extend the National Flood Insurance Program (NFIP), which has officially lapsed due to Congress’s failure to pass a continuing resolution (CR) to fund the federal government. The CR would have included an NFIP … Continue reading PIA Calls on Congress to Immediately Extend the National Flood Insurance Program After Failure of Continuing Resolution