Property Casualty Insurers Association of America
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National Flood Insurance Program
Hurricane Sandy is a grim reminder of the importance of flood insurance. The National Flood Insurance Program (NFIP) is a vital program with more than 5.5 million policyholders insured for about $1.3 trillion. In 2012, President Barack Obama signed the Flood Insurance Reform Act of 2012 which reauthorized the NFIP for five years. It also made significant reforms to the program designed to help it become financially sound by charging actuarial rates. While some of the provisions of the law have been implemented, others have raised concerns and discussions in Congress about the program raising rates to reflect true flood risk and changes to Flood Insurance Rate Maps.

PCI is closely monitoring developments associated with the NFIP.

Learn More

PCI Provides Recommendations to the U.S. Senate on S. 1926

Write-Your-Own (WYO) Coalition Provides Recommendations to U.S. Senate on Flood Issues

Implementation of the Biggert-Waters Flood Insurance Act of 2012

Flood Insurance: More Information Needed on Subsidized Properties

Implications of Changing Coverage Limits and Expanding Coverage


News Coverage

Flood Bill Signed as WYO Companies Wonder What's Next (Property Casualty 360 | March 24, 2014)


PCI News Releases

President Obama Signs H.R. 3370 into Law | March 21, 2014

PCI Recognizes National Flood Safety Awareness Week | March 14, 2014

The Time is Now to get Flood Insurance | August 28, 2013


PCI Resources

PCI White Paper: True Market-Risk Rates for Flood Insurance


Other Resources

FEMA

What is NFIP?

Flood Smart