H.R. 5607: Flood Insurance Transparency Act of 2025

The Flood Insurance Transparency Act of 2025 aims to amend the National Flood Insurance Act of 1968 by enhancing the availability of information related to the national flood insurance program. The key provisions of the bill include the following aspects:

Public Availability of Program Information

The bill mandates that the Administrator of the flood insurance program must make various types of data and information publicly accessible. This includes:

• Flood Risk Information: Data related to individual properties' flood risks, loss ratios (the ratio of claims paid to premiums collected), and other relevant loss identifiers.
• Policy and Claims Information: Historical and current policy data, including the type and amount of flood insurance for properties, and information on claims made.
• Property Characteristics: Details on whether properties were built before or after the community's first flood insurance rate map, and which properties have undergone flood mitigation efforts.
• Multiple-loss Properties: Identification of properties that have experienced repeated losses without mitigation measures.

Open Source Data System

The Administrator is required to create an open-source data system that allows public access to the information mentioned above via electronic means. This system is intended to facilitate research and technological advancements in understanding flooding and its risks.

Community Information Database

Within one year of the bill's enactment, the Administrator must also establish a publicly searchable database containing information about each community that participates in the national flood insurance program. This database would provide:

• The compliance status of communities with program requirements.
• The number of properties in special flood hazard areas built before and after the first flood insurance rate map.
• Total claims data for properties in and outside special flood hazard areas.
• Information regarding multiple-loss properties within each community.
• The percentage of each community's area that is considered a special flood hazard zone.

Property Identification and Data Privacy

Data collected and made available must be at the ZIP Code or census block level, ensuring that properties can be identified by their community and state. Additionally, any data that could reveal the identity of property owners must be presented in a manner that protects their personally identifiable information, adhering to privacy laws.

Purpose of the Act

The overarching goal of this bill is to improve transparency within the national flood insurance program, making vital information available to the public, researchers, and policymakers. By requiring the disclosure of data, the bill aims to enhance the understanding of flood risks and facilitate better decision-making related to flood insurance and mitigation efforts.

Relevant Companies

• None found