Much of the Kentucky Derby Museum’s prized collection is scattered on tables after extensive damage from flash flooding that hit Louisville. Insurance investigators toured the museum on Wednesday, a day after torrential rains flooded the basement where about half of …
The North Carolina General Assembly has approved a bill to reform the state’s coastal insurance system that caps private insurers’ liability for any funding shortfall in the state-backed Beach Plan, reduces coverage for property owners who get coverage in the …
The North Carolina Senate Commerce Committee today passed legislation (HB 1305) to rescue the state’s underfunded coastal insurer, the Beach Plan. The bill, which already passed the House, will now bypass the finance committee and go directly to the full …
The Colorado State University storm research team cut its 2009 Atlantic hurricane season forecast Tuesday, predicting that El Nino would trim the tally to 10 tropical storms, with four becoming hurricanes. The noted forecasting team founded by pioneering storm researcher …
Florida Insurance Commissioner Kevin McCarty and Georgia Insurance Commissioner John Oxendine have renewed a partnership agreement to ensure continuity of operations in the event of a catastrophe that causes significant disruption to either state’s insurance regulatory operation. Under the agreement, …
The Department of Homeland Security has provided money to help south coast Oregon counties develop a plan for putting their communities back together following an earthquake or tsunami. Josh Bruce, projects coordinator with the Oregon Partnership for Disaster Resilience, says …
Through its annual curbside survey conducted in July, the University of New Orleans Geography Department has found that 61 percent of the homes in the Hurricane Katrina-flooded neighborhoods of New Orleans and in St. Bernard Parish now appear to be …
Lawyers for a Louisiana couple whose home was destroyed by Hurricane Katrina are asking the U.S. Supreme Court to uphold a jury’s award for allegations that an insurance company acted in bad faith when it denied their homeowner claim. In …
New Orleans got more than $1 billion for tax-free bonds to help spur development after Hurricane Katrina, but it’s finding few takers amid a tight credit market and lingering jitters about investing here nearly four years after the storm. About …
The U.S. House of Representatives passed the National Flood Insurance Program (NFIP) Extension Act of 2009, H.R. 3139, which extends the program until March 31, 2010. The NFIP is currently set to expire on September 30, 2009. Earlier this year, …
