State Lawmakers Calling for FEMA Review of Flood Insurance - WXXV News 25

TEMPLE: Some Steps Forward, Some Steps Back On Insurance Reform

Editor’s Note: a guest post by Louisiana Insurance Commissioner Tim Temple. The 2025 Regular Session of the Louisiana Legislature ended on June 12, and addressing the high cost of insurance was once again a major emphasis. My team and I spent the past year, including actively participating in 14 auto insurance-focused committee hearings, working with […] The post TEMPLE: Some Steps Forward, Some Steps Back On Insurance Reform appeared first on T…

State lawmakers calling for FEMA review of flood insurance - WXXV News 25

A few years ago, FEMA came up with what’s called Risk 2.0. It assesses risk and premiums for the National Flood Insurance Program. Mississippi’s two senators, Roger Wicker and Cindy Hyde-Smith, have joined other members of Congress in calling for a review of 2.0, saying it’s creating hardship for businesses and homeowners. Mississippi Insurance Commissioner Mike Chaney joins us to talk about it. Categories: Featured, Local News, News …

What Does Flood Insurance Actually Cover?

Rising flood risks are leaving thousands of homeowners vulnerable to devastating financial losses with no protection. Discover how to secure crucial coverage. With climate change intensifying weather patterns and flood maps being redrawn across the country, many homeowners are discovering they need flood insurance for the first time. If you’ve recently learned you’re in a high-risk flood zone or you’re worried about rising waters, here’s what yo…

Coalition of Senators Push for Flood Insurance Reform - The MortgagePoint

Sen. Bill Cassidy is leading a group of nine Republican Senators in demanding that the Federal Emergency Management Agency (FEMA) end Risk Rating 2.0, a policy that caused flood insurance premiums to skyrocket. “Since the Biden Administration’s rollout of Risk Rating 2.0, premiums under the National Flood Insurance Program (NFIP) increased in every state. By FEMA’s own estimates, 77% of all NFIP policies now pay more than under the old system,” …