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The current funding for the National Flood Insurance Program expires at midnight December 16, 2022. On the evening of December 14, the House voted to continue funding for one week. The Senate is expected to pass the bill today and send it to the President for signature. Then we will go through the same mess again next week. For one week loans may be closed with appropriate flood insurance in place. We suspect that next […]

On September 30, 2022, the Senate Passed House Resolution 6833; which continues appropriations for the National Flood Insurance Program (NFIP) until December 16, 2022. The bill, the Continuing Appropriations and Ukraine Supplemental Appropriations Act, was sent to President Biden and was signed the same day. The NFIP was due to expire on September 30, 2022.

We have received several recent questions regarding flood insurance. Declaration Page – Are we still required to compare the risk rating on our flood determination to the risk rating on the flood insurance policy? FEMA has revised the declaration page for flood insurance policies. Among the changes, the risk rating has been removed. It is no longer possible to compare the risk rating from the Standard Flood Hazard Determination Form to the declaration page of […]

On September 30, 2021, the Federal Emergency Management Agency (FEMA) released the revised Standard Flood Hazard Determination Form (SFHDF). The previous version of the form expired on October 31, 2018. The revised form is difficult to open. It requires the most current version of Adobe or similar software.

On September 30, 2021, Congress passed a last-minute, short-term funding measure, averting a government shutdown that would have curtained most Federal operations, including the National Flood Insurance Program. The house approved the measure that continues funding until December 3, 2021 in the morning, the senate took action in the afternoon, and President Biden signed the bill that evening.