NRDC – “Millions of people live in homes that are at risk of flooding, and a home that has flooded once is likely to get hit again. Unfortunately, it’s extremely difficult for a home buyer to learn of a property’s flood history. That’s because many states do not require home sellers to disclose past damages to potential buyers. An NRDC-commissioned report found that home buyers who unwittingly purchase a flood-prone home are likely to incur tens of thousands of dollars in flood-related damages. By denying home buyers information about past flooding, people cannot make informed decisions about one of their biggest financial investments—their home. Explore the map to see if your state’s real estate disclosure laws leave you in the dark when it comes to flooding…”

See also Barron’s – “Amid a push to move policyholders into the private market, regulators have approved proposals by six private insurers to take as many 153,000 policies from the state’s Citizens Property Insurance Corp., the state’s property insurer of last resort. Insurance Commissioner Michael Yaworsky signed six orders giving the go-ahead to the private insurers to make offers to Citizens customers and assume their homeowner insurance policies from Citizens on Dec. 19. The state Office of Insurance Regulation had issued similar orders July 31 and Sept. 1 that could lead to insurers taking as many as 386,000 policies from Citizens, Florida’s biggest homeowner insurer…”