Sponsors (4)
The bill increases transparency and gives property owners new online tools to make better flood‑insurance and mitigation decisions, but it raises privacy concerns, administrative costs that could raise premiums or taxpayer burdens, and risks of confusing disclosures or proprietary disclosures for insurers.
Homeowners and renters with NFIP policies get clearer, property-level information (premiums, discounts, claim history, and mitigation options) within 12 months, helping them make better insurance, mitigation, and resale decisions.
Property owners and prospective buyers can use a public online flood-insurance tool to compare risk, premiums, and mitigation benefits for individual properties, improving planning, mitigation investment, and market transparency.
Greater transparency of rating factors and premium distributions increases accountability for FEMA and insurers and may encourage fairer pricing or more targeted mitigation programs that benefit taxpayers and policyholders over time.
Homeowners and renters could face privacy and data‑exposure risks because property-level rates and claim histories will be publicly available.
FEMA and insurers will incur administrative and IT costs to collect, calculate, and publish detailed disclosures and build the online tool, which could increase program costs and ultimately lead to higher premiums or taxpayer expenditures.
Detailed disclosure of non-exempt rating factors may confuse or overwhelm some policyholders and could force disclosure of actuarial methods insurers consider proprietary, prompting industry pushback or reduced analytical flexibility.
Based on analysis of 3 sections of legislative text.
Requires standardized, detailed NFIP declaration-page disclosures, FEMA-insurer data sharing, a public flood-insurance information tool, and a GAO study on tool expansion.
Official title: To require the Administrator of the Federal Emergency Management Agency to develop a flood insurance information tool, and for other purposes.
Introduced June 29, 2026 by Cleo Fields · Last progress June 29, 2026
Requires the National Flood Insurance Program (NFIP) Administrator to add detailed, standardized disclosures to every NFIP policy declaration page within 12 months and to create a public online flood insurance information tool with staged deadlines (including a website address within 36 months). The disclosures must list current premium, discounts and their statutory bases, annual limits on premium increases, replacement cost value, available mitigation options and estimated premium savings, claim history, community rating classification, all rating factors with estimated rates attributable to each, and special property categories (e.g., repetitive loss). Directs FEMA to share Administrator-held property information with insurers issuing NFIP policies, explains how to handle unavailable items, and requires the Government Accountability Office to report within two years after the tool is available on possible feature expansions and whether buyers or users could be given additional access or modeling capabilities.