Tag Archives: Flood Insurance

Hurricane Harvey has been hovering over southeast Texas, dropping record amounts of rain on Houston and the surrounding area. A new report shows that there are a number of properties in risk of flooding that are outside the Special Flood Hazard Areas, meaning flood insurance isn’t a requirement for those with federally insured mortgages.

The House Financial Services Committee unanimously passed a bill this week that lifts certain restrictions placed on insurance companies by the federal government and gives states more flexibility to license and regulate private flood insurance.