Homeowners Get Flood Insurance Reprieve Ahead of Severe El Niño
Summary
Congress extended the National Flood Insurance Program (NFIP) to keep flood coverage for millions of homeowners this winter. This action comes as the U.S. faces a very strong El Niño, which could bring heavy rain and flooding, especially in southern states like California, the Southwest, and the Gulf Coast.Key Facts
- Congress approved an extension of the NFIP to prevent it from ending this winter.
- El Niño is a climate pattern causing warmer Pacific Ocean waters and usually wetter weather in parts of the U.S.
- The World Meteorological Organization says this El Niño will be one of the strongest ever recorded.
- Areas expecting more rain and flood risk include California, the southern U.S., the Rockies, southern Plains, Gulf Coast, and Florida.
- Heavy rain can cause flooding in places with mountains and steep slopes, like Arizona and New Mexico.
- Standard homeowners insurance does not cover flood damage, making NFIP important for many families.
- Only about 2.4% of U.S. homes have federal flood insurance, while 8.4% face a high risk of flooding.
- Development in areas like South Florida reduces natural soil absorption, increasing flooding problems.
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