FEMA News

FEMA Expands Reinsurance Program by Transferring $575M in Flood Risk to Capital Markets

The Federal Emergency Management Agency in an effort to engage reinsurance markets to bolster the financial framework of the National Flood Insurance Program and promote private sector participation in flood-risk management has again obtained reinsurance coverage through insurance-linked securities reinsurance. …

Reforms to US Disaster Aid Expose Growing Home Insurance Gap

When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households recovering from damaging floods and fires. …

Stranded Hurricane Fiona Victims in Puerto Rico Await Aid

Hurricane Fiona left hundreds of people stranded across Puerto Rico after smashing roads and bridges, with authorities still struggling to reach people four days after the storm smacked the U.S. territory, causing historic flooding. For now, government officials are working …

Reconstruction Efforts Drag in Puerto Rico 5 Years After Maria

Jetsabel Osorio Chevere looked up with a sad smile as she leaned against her battered home. Nearly five years have gone by since Hurricane Maria struck Puerto Rico, and no one has offered her family a plastic tarp or zinc …

Tennessee Gov. Lee Asks FEMA to Review Damage After Storm

MEMPHIS, Tenn. (AP) — Tennessee Gov. Bill Lee asked federal emergency management officials on Wednesday to help assess whether counties affected by last week’s icy winter storm can receive funds to assist with power restoration. The Republican governor asked the …

Texas Officials Prepare for Hurricane Season as Pandemic Threat Continues

More hurricanes and tropical storms than usual could make landfall in the United States this summer, forecasters predict. That is sending Texans and officials who are increasingly facing severe weather events scrambling to prepare for another natural disaster while they …

Trump Flood Insurance Plan May Increase Premiums, Reduce Property Values

Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National Flood Insurance Program. …

FEMA Chief Long to Leave Agency Next Month

Federal Emergency Management Agency chief Brock Long is leaving the agency he led through a record period of natural disasters — including a widely panned response to a storm that devastated Puerto Rico. “While this has been the opportunity of …

California Wildfire Victims Living in RVs Ordered to Leave Properties

Hundreds of Northern California wildfire victims desperate for housing and living in recreational vehicles on their burned-out lots were ordered off their properties Monday after federal authorities threatened to cut off funding for the state’s biggest natural disaster cleanup. The …

California Wildfire Aid Could Be Halted

President Donald Trump, who has blamed California’s forest management for last year’s disastrous fires, threatened to halt the Federal Emergency Management Agency’s assistance to victims unless that state changes its practices. “Billions of dollars are sent to the State of …