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Flood Insurance

Flooding is the most common and costly natural disaster in the United States. Americans deserve certainty and stability in the flood insurance marketplace to be able to protect their homes and loved ones.

Related Topics

Consumer Banking

The National Flood Insurance Program (NFIP) continues to be in need of further reforms and a new structure for regulatory implementation. ABA supports efforts by the Federal Emergency Management Agency (FEMA), the Administration and Congress to reform the NFIP.

News

NewsByte
FEMA proposes updates to flood insurance forms for homeowners
February 07, 2024
Article
ABA Regulatory Compliance Inbox: If my bank reduces the amount of a customer’s HELOC, are we required to provide an adverse action notice?
November 16, 2023
Article
ABA Regulatory Policy and Compliance Inbox: Are late fees covered by the SCRA’s six percent cap on interest?
September 18, 2023
Article
Compliance question of the month: Is a borrower required to obtain flood insurance even if the bank is not taking a building located in a special flood hazard area as collateral?
September 12, 2023

Related Training & Events

Risk Rating 2.0
Recorded Webinar | July 6, 2021
Flood Disaster Protection Act for Compliance Professionals
Self-Paced Training
Flood Disaster Protection Act
Self-Paced Training

ABA Resources

Reference
Reference Guide to Flood Compliance, First Edition
January 3, 2023
Guide
Q&A's from ABA's Flood Insurance Webinar
April 10, 2019

Policy Analysis & Advocacy Efforts

Staff Analysis
FEMA Flood Insurance Policy Proposed Rule
March 4, 2024
Staff Analysis
How Banks Should Prepare for a Flood Insurance Lapse
September 28, 2023
Letter to Congress & Regulators
Letter of Support NFIP Reauthorization
July 13, 2023
Testimony
ABA Statement for the Record Before the Subcommittee on Housing & Insurance on Flood Insurance
March 10, 2023

Current Issues

Flood Insurance Reauthorization and Reform

Related Acts & Regulations

Related Products

Our Experts

Ryan Rasske

Ryan Rasske

Senior Vice President, Risk & Compliance Markets

Teshale Smith

Teshale Smith

Senior Counsel, Regulatory Compliance and Policy

Contact Teshale

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