News Topic: FEMA
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M&T Bank fined for flood insurance violations
The Buffalo, N.Y., bank will pay $546,000 penalty, which will be passed on to the National Flood Insurance Program to help offset costs. ... Read full article
Dozens of lawmakers urge more flood insurance reforms
A group of 64 House lawmakers is pushing congressional leadership to incorporate premium caps and address a new methodology for assessing risk in flood insurance reform legislation. ... Read full article
House lawmakers still divided on flood insurance reforms
The House Financial Services Committee debated legislation Wednesday to reform and reauthorize the National Flood Insurance Program, but no clear solution emerged. ... Read full article
FEMA ends halt on flood insurance policies during shutdown
The announcement rescinded the agency's earlier guidance issued to industry partners to suspend sales operations as a result of the current lapse in funding from Congress. ... Read full article
Waters calls on FEMA to continue offering flood insurance despite shutdown
Lawmakers and industry groups were caught off guard when FEMA said it wouldn't issue flood insurance policies during the government shutdown, despite an extension passed last week. ... Read full article
House passes flood insurance extension with deadline fast approaching
With the program set to expire July 31, the House bill will have to be reconciled with Senate legislation that includes a longer extension. ... Read full article
House bill would reform and extend flood insurance program
Reps. Ed Royce, R-Calif., and Earl Blumenauer, D-Ore., introduced a bipartisan package of legislation Tuesday to extend the National Flood Insurance Program through Nov. 30. ... Read full article
More white knuckles for lenders as flood insurance deadline approaches
Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings. ... Read full article