Homeowners can now switch flood insurers without losing rate breaks
S. 2054 — Flood Insurance Consumer Choice Act of 2025 · Filed by Rick Scott (R-FL) · Introduced Jun 12, 2025 · Referred to committee
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What it does
This bill allows homeowners who left the National Flood Insurance Program (NFIP) to buy private flood insurance and then return to NFIP later without losing their continuous-coverage status or facing penalties. Currently, gaps in NFIP coverage can trigger rate increases or eligibility restrictions; this bill treats private insurance as a seamless continuation for those purposes.
Why we flagged it
The bill's operative mechanism is to remove a penalty (loss of continuous-coverage credit) that currently discourages NFIP policyholders from switching to private insurance. It is fundamentally a deregulatory measure that expands consumer optionality in the flood insurance market.
What the text implies
- Private insurers may cherry-pick lower-risk properties, leaving NFIP with a higher-risk pool and potentially raising rates for remaining NFIP customers who cannot access private market alternatives.
- Homeowners in high-risk flood zones may find private insurance unavailable or unaffordable, limiting the practical choice this bill creates for the most vulnerable populations.
- The bill does not address whether private insurers must honor the same continuous-coverage credit upon return to NFIP, potentially creating asymmetric switching costs.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
Homeowners gain choice and flexibility: they can shop for better rates in the private market without fear of losing their place in NFIP or facing rate penalties upon return. This reduces lock-in to a single insurer and encourages competition, lowering costs for consumers who can navigate the market.
Who stands to gain
- private flood insurance companies
- homeowners in moderate-to-low flood-risk areas with access to private market alternatives
Named in the bill
National Flood Insurance Program (NFIP), Federal Emergency Management Agency (FEMA), Section 1308 of the National Flood Insurance Act of 1968, Section 1307(g)(1) of the National Flood Insurance Act of 1968, Section 102(a) of the Flood Disaster Protection Act of 1973, private flood insurance market
Where it stands
- Jun 12, 2025 — Introduced · Congress.gov: “Introduced in Senate”
- Jun 12, 2025 — Referred to Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
3 lobbying clients named this bill on 5 disclosure filings across 2 quarters, Dec 2025 to Jun 2026. Those filings disclosed $5,470,000 in lobbying spend. A filing names 90 bills on average, so that figure is what each filing reported, not a share belonging to this bill.
More lobbying clients named this bill than 61% of bills with at least one filing.
Rick Scott, the sponsor, reported $69,750 in PAC receipts in the 2026 cycle.
- American Property Casualty Insurance Association — $3,540,000 on 2 filings
- Mortgage Bankers Association — $1,220,000 on 1 filing
- Reinsurance Assn of America — $710,000 on 2 filings
Lobbying Disclosure Act filings through Jul 23, 2026. A filing shows who paid to lobby on a bill it names, not what changed.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (791 characters) on Jun 3, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 23, 2026 · page rendered 2026-10-20.
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