Articles Tagged with ''Flood insurance''

Neptune Flood secures $2 million in seed financing round

Flood insurance provider planning expansion
Flood insurance provider Neptune Flood has secured more than $2 million in seed round funding. The investment was led by Trevor Burgess, founder and former CEO of C1 Bank, with participation from existing investor and Neptune’s CEO and co-founder, Jim Albert.
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House passes long-term reauthorization of National Flood Insurance Program

Bill to reduce direct spending by $187 million
Less than a month before the program was set to expire, the House of Representatives voted to pass the 21st Century Flood Reform Act, which will reform and reauthorize the National Flood Insurance Program. The 21st Century Flood Reform Act would reauthorize the NFIP for five years and introduce private market competition.
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Mark Calabria: Trump administration "committed" to ending conservatorship

Pence’s chief economist renews commitment for GSE reform
During a wide-ranging discussion about the government’s role in housing, Vice President Mike Pence’s chief economist Mark Calabria revealed Wednesday that the Trump administration is "committed" to ending the conservatorship of Fannie Mae and Freddie Mac. What else did Calabria say? Click through to find out.
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National Flood Insurance Program granted 3-month extension

Previously set to expire Sept. 30
President Donald Trump signed a three-month extension to the National Flood Insurance Program on Friday, giving Congress more time to come up with a long-term financial solution for the program. While flood insurance has struggled to gain a lot of attention over the years, the devastating destruction of Hurricane Harvey and the ongoing threat of Hurricane Irma pushed the urgency for a solution to the program to the surface.
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Monday Morning Cup of Coffee: MBA president calls for action on National Flood Insurance Program

MBA's Stevens calls on mortgage industry to rise up
MBA president calls on industry to act on NFIP reauthorization, latest GDP estimates show continued growth, Northpointe Bank introduces a private-label mortgage solution, and according to one list, Millennials are killing banking, homeownership and… fabric softener? Click on to read more in this week’s Monday Morning Cup of Coffee.
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New solution provides flood-zone alerts

Pings when property flood-zone status changes
FloodAnalyzer identifies a property’s flood-zone status and performs an analysis. Throughout this process, it uses the most current Federal Emergency Management Agency’s Flood Insurance Rate Maps and Flood Hazard Boundary Maps.
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Flood insurance rate-hike delay passes Senate handily

Bill goes to White House for signature after 72-22 vote
In a strong bipartisan vote on Thursday, the Senate passed a bill to ease big flood insurance premium increases faced by hundreds of thousands of homeowners and allow below-market rates to be passed on to people buying homes with taxpayer-subsidized policies.
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