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Trump executive order overrides Los Angeles wildfire rebuilding plan

California, Donald Trump, FEMA, Housing Market, HWmember, Los Angeles, Natural Disaster, Politics, Wildfire /

President Donald Trump on Tuesday announced an executive order that allows the federal government to override state and local regulations during recovery efforts from last year’s Los Angeles wildfires, arguing that California authorities have slowed rebuilding. The order directs federal agencies to bypass state and local permitting processes for federally funded disaster recovery projects, asserting […]

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Coalition presses for stronger federal flood response, eyes ROAD to Housing Act

Disaster Relief, FEMA, Flood, HWmember, Kentucky, National Flood Insurance Program, Natural Disaster, Ohio, Politics, Real Estate, Regulatory, Trump administration, Virginia, West Virginia /

A new multi-state coalition is warning that worsening floods across Appalachia — and the federal government’s uneven response — are heightening risks for communities, infrastructure and real estate markets across the region. The Appalachian Flood Resilience Coalition recently convened for the first time to examine Federal Emergency Management Agency (FEMA) funding fights, stalled mitigation programs

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FEMA funds blocked illegally, GAO finds

Disaster Relief, FEMA, Government, Housing Market, HWmember, Politics, Trump administration /

A federal watchdog has ruled that the Federal Emergency Management Agency (FEMA) broke the law by blocking or delaying aid money that Congress had already approved, including funds for programs that provide shelter and food. The Government Accountability Office (GAO), which oversees federal spending on behalf of Congress, said in a decision released this week

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$12.7 trillion in US homes face severe climate risks

Affordability, FEMA, Flood insurance, Homeowners insurance, Hurricane, HWmember, National Flood Insurance Program, Real Estate, Realtor.com, Wildfire /

More than one in four U.S. homes — valued at $12.7 trillion — are exposed to severe or extreme climate risks, according to a report released Tuesday by Realtor.com. The analysis found that threats from flooding, hurricane winds and wildfires are increasingly reshaping housing markets, homeowner costs and insurance availability. “Climate risks are no longer

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Tech startup offering AI-driven property level risk modeling

Affordability, Alabama, California, Climate Change, FEMA, Flood insurance, Florida, Homeowners insurance, Hurricane, HWmember, Insurance, Mississippi, National Flood Insurance Program, Natural Disaster, Real Estate, Tornado, Wildfire /

San Diego-based startup FutureProof is using artificial intelligence (AI) to change the way insurers assess catastrophe risk and set premiums, a shift that could make insurance both more affordable and easier to come by in disaster-prone regions. “FutureProof started with thinking about the build environment and everyone’s homes and businesses,” FutureProof co-founder and co-CEO Alisa

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20 states sue FEMA over cuts to disaster prevention program

Crisis Management, Disaster planning, FEMA, Homeowners insurance, Property and casualty insurance /

A coalition of 20 state attorneys general have filed a lawsuit against the Federal Emergency Management Agency over its plan to shut down a major disaster mitigation program, arguing the move is illegal and puts communities at risk amid growing climate threats. The suit, filed in the U.S. District Court for Massachusetts, argues that the

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Xactus integrates flood compliance solution with ICE’s mortgage servicing system

FEMA, Flood, Flood insurance, HWmember, Intercontinental Exchange, Mortgage, Technology, Xactus /

Xactus on Wednesday announced the completion of its integration with MSP, the loan servicing system operated by Intercontinental Exchange (ICE). The integration enables mortgage servicers to receive automated flood zone determination updates directly into their systems without manual intervention. “This integration is a market-changing development for both Xactus and mortgage servicers who rely on systems

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Study suggests banks are avoiding mortgages in California wildfire zones

California, Climate Change, FEMA, HWmember, Los Angeles, Mortgage, Technology, Wildfire /

Following the wildfires that devastated the Los Angeles area at the start of the year, a new study has emerged that suggests banks with physical locations are less likely to extend mortgages to impacted residents, while online lenders are continuing to be active. First reported by the The Washington Post, the study — published on

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FEMA rescinds strategic agency plan ahead of hurricane season

Disaster Relief, FEMA, Housing Market, Hurricane, HWmember, Natural Disaster, Politics /

Hurricane season is set to commence on June 1, but the Federal Emergency Management Agency (FEMA) — which has been experiencing organizational challenges for the past several weeks — has reportedly rescinded its guiding plan for agency objectives and priorities, according to multiple FEMA employees and a memo obtained by news outlet Wired. On Wednesday,

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FEMA isn’t prepared for hurricane season, acting director concedes

Disaster Relief, FEMA, Housing Market, Hurricane, HWmember, Natural Disaster, Trump administration /

Following a dramatic turn of events at the Federal Emergency Management Agency (FEMA) last week, the newly-installed acting leader acknowledged that the agency does not have a disaster response plan even though hurricane season is jus two weeks away. Former acting FEMA chief Cameron Hamilton initially raised eyebrows when he was chosen to lead the

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