Flood insurance

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

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 […]

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 […]

How communities in Missouri are coming together to help businesses recover

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

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

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

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.