Switch to ADA Accessible Theme Close Menu
Free Initial Consultation
protected by reCAPTCHA Privacy - Terms

Trump Delays Expiration of National Flood Insurance Program


Hurricane Irma slammed into Florida in September as a Category 4 storm, bringing substantial winds to communities across the state. Irma’s winds uprooted so many trees in Palm Beach County that it could be three months before officials can remove all of the vegetation debris, according to the county Solid Waste Authority.

Water damage is also a major issue in Palm Beach County. For example, a woman who lives in Delray Beach lost her roof during Irma and watched as water poured into her house before she was rescued by police. She told the Palm Beach Post that she doesn’t have flood insurance.

Most homeowners’ insurance policies don’t cover flood damage. In fact, there are only 13 private companies that offer private flood insurance in Florida, according to the state Office of Insurance Regulation. There are also nine companies that offer policies covering losses that exceed the federal payout limit. Unfortunately, the federal program that provides flood insurance policies is in trouble. It’s been losing money for years, and without congressional action, it may expire all together.

The National Flood Insurance Program

The federal government established the National Flood Insurance Program (NFIP) to fill the gap in insurance coverage. The program, which provides flood insurance and develops flood hazard zone maps, is managed by the Federal Emergency Management Agency.

The NFIP was set to expire on September 30, 2017, but President Donald Trump recently signed a law that reauthorizes the program through December 8, 2017.

A Congressional Budget Office report released before Hurricanes Harvey and Irma found that the NFIP faces annual costs of $5.7 billion while bringing in only $4.3 billion in revenue. One of the problems is the method for setting premiums, which has underestimated by $1.1 billion how much claims will cost.

Delaying expiration of the NFIP is only a short-term fix to a long-term problem. Jim Grande, a senior vice president of Government Affairs for the National Association of Mutual Insurance Companies told the Insurance Journal that problems with the NFIP have been evident for over a decade, and that Congress has had opportunities to reform the program.

The Independent Insurance Agents & Brokers of America agreed that America needs “a longer lasting solution the nation’s flood risk.”

But that solution might not come soon enough for Floridians and others facing hurricane cleanup and the threat of additional storms. It’s been an active hurricane season so far, as predicted by forecasters from the National Oceanic and Atmospheric Administration. And hurricane season runs from June 1 through November 30, so there could be more on the way.

Reach Out to Us for Help 

Contact a West Palm Beach insurance attorney at The Pendas Law Firm today for a free consultation if your property has sustained wind, flood or other hurricane-related damage. We will guide you through the insurance claims process and help you recover for your losses.

The Pendas Law Firm also represents clients in the Tampa, Orlando, Fort Lauderdale, Fort Myers, Jacksonville, Miami, Daytona Beach and Bradenton areas.






Read What Others Have To Say About Us

  • “I'm very happy with this firm... Joel is an excellent attorney and Carolyn is an amazing paralegal, After been ditched from another law firm, Pendas took care of me and they won my case. I recommend them 100%...” - Jacksonville -

    Maria Pastor
  • “This law firm is amazing. I love how they always try to stay/keep in contact with you. It shows that they really care and want everything taken care of correctly, Thank You!...” - Orlando -

    Shantelle Blackwell
  • “I'm very thankful for all the attention of all the Pendas staff that took care of my case and helped me through the process, thanks for your patience, collaboration and comprehension!...” - Tampa -

    Carlos Guadalupe
  • “The Pendas Law Firm was amazing! They are very kind, professional, and hard-working! They always kept me informed. Larry Trias was great to work with! I always recommend Pendas to family and friends. Thank you for helping me with my case!” - Fort Myers -

    Heather Pepper
  • “Their attorneys are absolutely someone you want handling your car accident claim. They communicated with us promptly and thoroughly. I was very happy with our recovery. Their staff speaks Spanish and you feel like family.” - Orlando -

    Ian Brito
  • “I would definitely recommend this firm. The staff really helps you and they actually show you that they care, especially Siomara Roldan. She has been a great help for my family and myself, she is always helpful with any questions.” - Tampa -

    Wilmer D Santana Rodriguez
  • “Pendas is the best! The paralegals are very attentive to your case, knowledgeable, and communicative! The attorney also won’t just be there the day of your sign up, but all throughout the process as needed. I truly recommend Pendas!” - Orlando -

    Ben Fitzgerald