Opposition from Senate majority leader halts NFIP underwriting change
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Opposition from Senate majority leader halts NFIP underwriting change

Bernard Goyder
March 18, 2021
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Chuck Schumer photo senate democrats v2.jpg
Photo: Senate Democrats

The Federal Emergency Management Agency (Fema) has pressed pause on a plan to link the cost of federal flood insurance more directly to the risks facing individual properties, after the Senate majority leader Chuck Schumer’s office voiced opposition to the changes.

The Trump administration approved changes to the National Flood Insurance Program (NFIP) underwriting guidelines in April, as part of a wider climate resilience strategy to use insurance costs as a way to discourage development in flood prone areas.

NFIP

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Bernard Goyder
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