Natural Disaster Insurance
NAR policy supports the development of a federal natural disaster policy that promotes the availability and affordability of property insurance nationwide.
A selection of key reports and papers NAR has published over the past few years about natural disaster insurance.
NAR supports the development of a federal natural disaster policy that promotes the availability and affordability of property insurance nationwide.
NAR has adopted a multi-bill strategy to advance the natural disaster policy debate.
But experts warn that it's a precursor to a more active year for storms in 2014.
CoreLogic recently created a score for mortgages in areas with higher risk of natural disasters, operating on the theory that such hazards actually raise the odds of mortgage default.
Home owners who live near areas where disasters have struck, but have not been directly impacted by them, are still seeing dramatic increases in their insurance premiums.
The majority of home owners know about flood insurance, yet few actually add the extra coverage to their standard homeowner's insurance policy.
The Obama Administration is expected to seek an additional $4.025 billion for the National Flood Insurance Program (NFIP), which currently has borrowed $20.775 billion.
Losses from Hurricane Sandy are expected to be between $6 billion and $12 billion, more than FEMA's current borrowing capacity of $2.9 billion.
A recent editorial called for government officials to consider creating a national catastrophe fund to deal with large-scale weather events that can cause extensive damage and expensive reconstruction challenges.