A bill to amend the National Flood Insurance Act of 1968 to include a system for indeterminate loss insurance claims, and for other purposes.
The source supplies the latest action, but no lifecycle stage.
Latest action (26 May 2011): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What this bill does
This bill, introduced in the Senate, aims to modify how insurance claims related to floods and wind damage from named storms are handled. It proposes developing a system for allocating losses between different insurers when a property is damaged by both flood and wind in a single storm event. This includes creating a model to assess storm surge and wind speeds and establishing a process for determining what portion of a loss is attributable to wind versus water.
The bill would affect individuals and businesses with property insurance that covers both flood and wind damage, particularly in coastal areas prone to named storms. It introduces a new category of "indeterminate loss" for claims where damage is so extensive that evidence is scarce. Homeowners and insurers could appeal decisions made about how these losses are divided. The bill also includes provisions to reauthorize the National Flood Insurance Program through fiscal year 2016, with adjustments to premium rates and requirements for certain financial institutions.
This bill was introduced in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs. Its current status is that it has been read twice and sent to committee for further consideration.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Consumer Option for an Alternative System To Allocate Losses Act of 2011 or COASTAL Act of 2011 - Amends the Integrated Coastal and Ocean Observation System Act of 2009 to direct the Administrator of the National Oceanic and Atmospheric Administration (NOAA) to develop an assessment model for determining the magnitude and variations of coastal storm surges and wind speeds associated with named storms (Named Storm Event Model).
Requires the Administrator to: (1) identify named storms that may constitute a threat to the coastal zone, (2) develop a post-event assessment for such named storm, (3) establish a specified protocol to collect and assemble all requisite data to produce post-event assessments, (4) identify federal and state systems capable of collecting such data, and (5) establish the Coastal Wind and Water Event Database.
Directs the Comptroller General to audit federal efforts to collect such data.
Amends the National Flood Insurance Act of 1968 to direct the Secretary of Homeland Security (DHS) to establish a system for allocating losses among certain insurers providing coverage against property losses due to wind and water peril.
Prescribes procedures allocation of indeterminate loss claims and their payment.
Directs the Administrator of the Federal Emergency Management Agency (FEMA) to establish an arbitration panel for appeals regarding loss allocation for resolving indeterminate claims.
Flood Insurance Reauthorization Act of 2011 - Amends the National Flood Insurance Act of 1968 (NFIA) to extend through FY2016 the National Flood Insurance Program and the financing for it.
Prohibits the Administrator of FEMA from extending a certain subsidy to new or lapsed policies.
Timeline
26 May 2011
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Common questions
- What does S. 1091 do?
- This bill, introduced in the Senate, aims to modify how insurance claims related to floods and wind damage from named storms are handled. It proposes developing a system for allocating losses between different insurers when a property is damaged by both flood and wind in a single storm event. This includes creating a model to assess storm surge and wind speeds and establishing a process for determining what portion of a loss is attributable to wind versus water. The bill would affect individuals and businesses with property insurance that covers both flood and wind damage, particularly in coastal areas prone to named storms. It introduces a new category of "indeterminate loss" for claims where damage is so extensive that evidence is scarce. Homeowners and insurers could appeal decisions made about how these losses are divided. The bill also includes provisions to reauthorize the National Flood Insurance Program through fiscal year 2016, with adjustments to premium rates and requirements for certain financial institutions. This bill was introduced in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs. Its current status is that it has been read twice and sent to committee for further consideration.
- Has S. 1091 become law?
- The source does not supply a confirmed lifecycle stage for S. 1091. Check the latest action and official source below.
- Who sponsored S. 1091?
- S. 1091 was sponsored by Sen. Wicker, Roger F. [R-MS] (R-MS), with 0 cosponsors.
- What's the latest action on S. 1091?
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (26 May 2011).
Related bills in Finance and Financial Sector
Bankruptcy Threshold Adjustment Act
Common Cents Act
Fossil Free Finance Act of 2026
To amend title 11, United States Code, to clarify the rules for the exceptions to the discharge of the debt of an individual debtor, and for other purposes.
More bills from Sen. Wicker, Roger F. [R-MS]
National American History and Founders Month Act
A resolution recognizing the 100th anniversary of Northwest Mississippi Community College and celebrating a century of educational excellence, workforce development, student success, and service to the people of Mississippi and the United States.
A resolution designating August 1, 2026, as "Gold Star Children's Day".
Tire Safety Modernization Act of 2026
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.