National Flood Insurance Program http://wwno.org en President Obama Signs Flood Insurance Relief Bill Into Law http://wwno.org/post/president-obama-signs-flood-insurance-relief-bill-law <p>President Barack Obama has signed a new law that will give hundreds of thousands of homeowners living in flood-prone areas relief from big jumps in insurance costs.</p><p>Lawmakers from both parties supported the measure in response to angry homeowners who faced sharp premium hikes after an overhaul of the government's flood insurance program two years ago.</p> Fri, 21 Mar 2014 20:28:11 +0000 Associated Press 56731 at http://wwno.org House Approves Measure To Ease Flood Insurance Hikes http://wwno.org/post/house-approves-measure-ease-flood-insurance-hikes Transcript <p>LINDA WERTHEIMER, HOST: <p>The House overwhelmingly passed legislation last night to undo flood insurance reform that Congress passed less than two years ago. When homeowners started calling lawmakers about sharp premium hikes, both chambers moved swiftly to ease the pain.<p>NPR's Ailsa Chang reports.<p>AILSA CHNAG, BYLINE: In 2012, Democrat Maxine Waters of California put her name on a bill that was meant to help the National Flood Insurance Program dig itself out of huge debt. Last night, she said she made a big mistake.<p>REPRESENTATIVE MAXINE WATERS: Mr. Thu, 06 Mar 2014 01:18:54 +0000 Ailsa Chang 55199 at http://wwno.org FEMA Flood Insurance Law Faces Partial Repeal Over Premiums http://wwno.org/post/overhaul-fema-program-has-homeowners-calling-congress The House is expected to vote as early as next week to partially repeal a 2012 law that overhauled the National Flood Insurance Program, which is tens of billions of dollars in debt.<p>The law was meant to make people living in flood-prone areas foot more of the insurance bill. But lawmakers didn't realize how many homeowners would be affected — or how hard they'd be hit.<p>You can find some of those homeowners in Bayou Gauche, about 30 miles west of New Orleans.<p>Like other parts of South Louisiana, this small community is below sea level. Thu, 27 Feb 2014 08:26:00 +0000 Ailsa Chang 54855 at http://wwno.org Why Is The Government In The Flood Insurance Business? http://wwno.org/post/why-government-flood-insurance-business There's a quick, one-word explanation for why the federal government started selling flood insurance: Betsy.<p>Hurricane Betsy, which struck the Gulf Coast in 1965, became known as billion-dollar Betsy. Homes were ruined. Water up to the roofs. People paddling around streets in boats. Massive damage.<p>This would be the time when you'd expect people to be pulling out their flood insurance policies. But flood insurance was hard to come by. You could get fire insurance, theft insurance, car insurance, life insurance. Thu, 24 Jan 2013 08:35:00 +0000 David Kestenbaum 27675 at http://wwno.org Vitter Pushes to Extend Flood Insurance Program http://wwno.org/post/vitter-pushes-extend-flood-insurance-program <p>NEW ORLEANS (AP) &mdash; U.S. Sen. David Vitter is pushing for a long-term extension of the National Flood Insurance Program.</p><p>The <font color="red">Louisiana</font> Republican wants to stop extending the program with short-term extensions. The insurance program, which provides help for people who are flooded, hasn&#39;t been fully reauthorized since 2004. The program is slated to expire at the end of May unless it is extended.</p><p>A bill sponsored by Vitter to extend the flood insurance program through 2016 is awaiting a vote before the full Senate.</p> Fri, 27 Apr 2012 15:53:39 +0000 The Associated Press 9604 at http://wwno.org