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Review the events that shaped flood insurance in 2022 and where the sector is heading in the new year.
A look at flood devastation and attempts to repair a broken federal flood insurance system.
Risk Rating 2.0 includes many of the same inequities that have plagued the U.S. government flood insurance program for decades.
Data from the federal government reveals that many FHA-insured homeowners are not meeting the mandatory flood insurance requirement.
The 2020 hurricane season is expected to be a dangerous one, particularly in the wake of COVID-19
Natural disasters are an ongoing threat for which brokers and their clients need to be prepared at all times.
New analysis demonstrates a disparity in the benefits of high-income and low-income groups participating in the NFIP.
The result of nationalizing the U.S. flood insurance industry has been a catastrophe all its own. Taxpayers have lost over $40 billion and counting.
Congress's temporary extension will expire on December 21.
Hurricane Lane has already hit Hawaii. As Hurricane Florence gets closer, and two more named hurricanes lurking in the Atlantic, can Congress afford to let flood insurance reform languish?
{ "author": { "name": "Craig Poulton", "webUrl": "/author/profile/craig-poulton/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 15, "social": [], "articles": [ { "uri": "/2022/12/16/flood-insurance-in-2023-more-floods-reduced-uptake-unless-action-is-taken/", "title": "Flood insurance in 2023: More floods, reduced uptake unless action is taken", "byline": "Craig Poulton", "kicker": "Commentary", "prettyDate": "December 16, 2022", "timeToRead": "7 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2022/12/Louisiana-Flooding-2016-Article-202212161011.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Review the events that shaped flood insurance in 2022 and where the sector is heading in the new year.", "body": null }, { "uri": "/2021/12/20/flood-insurance-outlook-for-2022-beyond/", "title": "Flood insurance outlook for 2022 & beyond", "byline": "Craig Poulton", "kicker": "Expert Opinion", "prettyDate": "December 20, 2021", "timeToRead": "7 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2021/12/Hurricane-Ida-Article-202112200840.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/expert-opinion/", "sectionName": "Expert Opinion" } ], "summary": "A look at flood devastation and attempts to repair a broken federal flood insurance system.", "body": null }, { "uri": "/2021/08/31/a-closer-look-at-femas-risk-rating-2-0-reveals-flaws/", "title": "A closer look at FEMA's Risk Rating 2.0 reveals flaws", "byline": "Craig Poulton", "kicker": "Commentary", "prettyDate": "August 31, 2021", "timeToRead": "6 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2021/08/Flooding.jpg-image620x372-1.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Risk Rating 2.0 includes many of the same inequities that have plagued the U.S. government flood insurance program for decades.", "body": null }, { "uri": "/2021/03/04/fha-borrowers-better-served-by-private-flood-insurance/", "title": "FHA borrowers better served by private flood insurance", "byline": "Craig Poulton", "kicker": "Analysis", "prettyDate": "March 04, 2021", "timeToRead": "6 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2021/03/image1024x768.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/analysis/", "sectionName": "Analysis" } ], "summary": "Data from the federal government reveals that many FHA-insured homeowners are not meeting the mandatory flood insurance requirement.", "body": null }, { "uri": "/2020/05/20/preparing-for-hurricane-season-as-we-cope-with-covid-19/", "title": "Preparing for hurricane season as we cope with COVID-19", "byline": "Craig Poulton", "kicker": "Analysis", "prettyDate": "May 20, 2020", "timeToRead": "6 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2020/05/Hurricane-Katrina-Shutterstock.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/analysis/", "sectionName": "Analysis" } ], "summary": "The 2020 hurricane season is expected to be a dangerous one, particularly in the wake of COVID-19", "body": null }, { "uri": "/2020/04/22/recent-earthquakes-highlight-need-for-disaster-planning/", "title": "Recent earthquakes highlight need for disaster planning", "byline": "Craig Poulton", "kicker": "Commentary", "prettyDate": "April 22, 2020", "timeToRead": "5 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2020/04/Cracked-asphalt-Shutterstock.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Natural disasters are an ongoing threat for which brokers and their clients need to be prepared at all times.", "body": null }, { "uri": "/2020/03/18/the-nfip-favors-the-wealthy-at-the-expense-of-lower-income-groups-and-taxpayers/", "title": "The NFIP favors the wealthy at the expense of lower income groups and taxpayers", "byline": "Craig Poulton", "kicker": "Expert Opinion", "prettyDate": "March 18, 2020", "timeToRead": "6 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/12/Congress-iStockphoto.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/expert-opinion/", "sectionName": "Expert Opinion" } ], "summary": "New analysis demonstrates a disparity in the benefits of high-income and low-income groups participating in the NFIP.", "body": null }, { "uri": "/2019/05/10/nfip-seems-determined-to-thwart-its-own-goals/", "title": "NFIP seems determined to thwart its own goals", "byline": "Craig Poulton", "kicker": "Commentary", "prettyDate": "May 10, 2019", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/03/iowa-flooding-farm-bloomberg335742541_1-2.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "The result of nationalizing the U.S. flood insurance industry has been a catastrophe all its own. Taxpayers have lost over $40 billion and counting.", "body": null }, { "uri": "/2018/12/19/flood-insurance-reform-another-year-of-storms-and-stalling/", "title": "Flood insurance reform: Another year of storms and stalling", "byline": "Craig Poulton", "kicker": "Market Insights", "prettyDate": "December 19, 2018", "timeToRead": "5 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/12/flood-insurance-policy616-istock000011589635.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/market-insights/", "sectionName": "Market Insights" } ], "summary": "Congress's temporary extension will expire on December 21.", "body": null }, { "uri": "/2018/09/11/stalling-on-flood-reform-wastes-billions-limits-ch/", "title": "Stalling on flood reform wastes billions & limits choice", "byline": "Craig Poulton", "kicker": "Commentary", "prettyDate": "September 11, 2018", "timeToRead": "7 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/06/flood-insurance-policy-istock000011589635small-crop-600x338.jpg", "width": "600", "height": "338" }, "authors": [ { "webUrl": "/author/profile/craig-poulton/", "name": "Craig Poulton" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Hurricane Lane has already hit Hawaii. As Hurricane Florence gets closer, and two more named hurricanes lurking in the Atlantic, can Congress afford to let flood insurance reform languish?", "body": null } ] } }
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