Congress should have seen the signs that a Harvey-like event was coming

Aug 31, 2017
Politico's Michael Grunwald discusses a decades-old report about repetitive losses in the Naional Flood Insurance Program.

Harvey adds to the mounting debt of federal disaster aid

Aug 29, 2017
As the devastation continues to mount in Texas, so does the heavy debt owed by the National Flood Insurance Program. The program, which is managed by FEMA, already borrowed nearly $25 billion, most of it to cover claims from Hurricane Katrina and Superstorm Sandy. The program was supposed to effectively manage the cost of flood […]

Midwest flooding underscores a need for flood insurance reform

May 4, 2017
Floodwaters have displaced hundreds of people and lead to several deaths in the Midwest. Now the damage assessment starts. The National Flood Insurance Program helps homeowners buy affordable flood insurance, but it’s $25 billion in debt. Congress has a chance to reform it before it’s up for reauthorization in September, and those reforms could include […]

Why many Louisiana homeowners lack flood insurance

Aug 17, 2016
Most Louisiana homeowners aren't covered.
Two people walk through a flooded street in Sorrento, Louisiana as an early morning fog blankets the area. 
Joe Raedle/Getty Images

After flooding, Missouri businesses face cleanup costs

Jan 19, 2016
How communities in Missouri are coming together to help businesses recover

Lawmakers consider flood insurance rules

Jan 13, 2016
The government wants more private companies to provide flood insurance so it won't have to.

A lack of hurricanes is not all good for insurers

Aug 26, 2014
Without the occasional natural disaster, insurance companies must compete on price.

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Who will pay for climate change? Not us, insurer says

May 14, 2014
One insurer sues Chicago, saying the city could have prevented flood damage from a predicted downpour.

As FEMA expands flood zones, residents fear insurance hikes

Jul 8, 2013
FEMA is updating its flood maps to expand areas deemed at risk of damage -- and that’s striking fear in communities that could be deluged with higher insurance bills.

More areas becoming uninsurable due to volatile weather

Jun 25, 2013
A new report predicts rising sea levels and more volatile weather will make more beachfront areas uninsurable.
Heavy beach erosion caused by the waves threatens condominiums on Singer Island, Florida.
Joe Raedle/Getty Images