Sponsors (2)
The bill increases transparency and NFIP funding by sharing property-level flood data with private insurers (while banning marketing), which can improve risk assessment and program resources but risks higher risk-based premiums, privacy vulnerabilities, and competitive harms for smaller insurers.
Homebuyers, lessees, and current property owners will be able to obtain property-level NFIP claims history and flood-risk information before a purchase or lease, improving their ability to assess and avoid flood risk.
Private insurers and underwriters will gain access to NFIP policy and claims data, enabling more accurate underwriting, rate-setting, and faster claims handling that could improve insurer pricing efficiency and claim outcomes for customers.
Fees charged to participating insurers will be deposited into the National Flood Insurance Fund, potentially increasing NFIP resources and supporting program finances without directly raising NFIP premiums.
Homeowners and renters in flood-prone areas may face higher insurance premiums if private insurers use detailed NFIP data to implement more risk-based pricing.
Sharing detailed property-level claims data with private insurers raises privacy and data-handling risks for property owners if protections or Privacy Act routine-use designations are misapplied or breached.
Smaller insurers could be disadvantaged by data-sharing agreements, fees, or compliance burdens, which may reduce competition in the flood insurance market and harm consumers through fewer choices or higher prices.
Based on analysis of 2 sections of legislative text.
Allows FEMA to share NFIP policy and claims data with private insurers under agreements, requires insurer data sharing, permits fees, and treats disclosures as a Privacy Act routine use.
Introduced February 4, 2026 by Madeleine Dean · Last progress February 4, 2026
Creates a FEMA data-exchange program that lets the agency share National Flood Insurance Program (NFIP) policy and claims data with private insurance companies that sign data-sharing agreements, requires FEMA to provide certain property-level flood claims and risk information to property purchasers, lessees, or owners on request, treats those disclosures as a Privacy Act routine use, and authorizes FEMA to charge participating insurers fees deposited into the National Flood Insurance Fund. The law also requires participating insurers to provide their own policy and claims data in a FEMA-prescribed format and limits third-party use of shared NFIP data to underwriting, rate-setting, and claims adjustment (prohibits marketing use).