The Senate is pushing ahead on a $36.5 billion hurricane relief package that would give Puerto Rico a much-needed infusion of cash. The measure also would replenish rapidly dwindling emergency disaster accounts and provide $16 billion to permit the financially …
The U.S. National Flood Insurance Program, struggling with the costs of this year’s record hurricane season, will run out of money as early as Oct. 23 unless Congress takes action. The Federal Emergency Management Agency, which runs the taxpayer-subsidized flood …
The U.S. House of Representatives on Thursday approved $36.5 billion in emergency relief for hurricane-hit Puerto Rico and other areas that have suffered recent disasters. In addition to the U.S. territory of Puerto Rico, which is recovering from devastation wreaked …
As Congress continues to struggle with health insurance reform, members should be ruminating on the scenes of “recovery” beaming in from East Texas and Florida, where the majority of households — many now severely damaged or destroyed — had not …
Five years after Superstorm Sandy devastated towns along the New Jersey shore, Sen. Bob Menendez and Rep. Frank Pallone want changes made to federal flood insurance they said will fix a system that often failed beleaguered homeowners. Speaking Thursday on …
Last week, we started a conversation about flood coverage. If you missed last week’s blog, go back and read it now. We’ll wait for you. To sum up last week’s blog, I believe that the standard market could cover flood …
The cost of federal flood insurance is expected to rise for thousands of Houston-area homeowners as Congress looks to overhaul a program that’s billions of dollars in debt. The National Flood Insurance Program provides coverage to more than 300,000 homes …
The Federal Emergency Management Agency (FEMA) has responded to Florida’s request to review the National Flood Insurance Program (NFIP) rates but it may not be as forthcoming and helpful as Florida officials had hoped. In a letter dated Dec. 29, …
Florida Insurance Commissioner Kevin M. McCarty has followed through on his promise to State Senator Jeff Brandes to investigate the National Flood Insurance Program’s (NFIP) rating practices of Florida insureds. In an Oct. 2 letter to Craig Fugate, administrator of …
Officials in Wrightsville Beach, N.C., plan to challenge new federal flood plain maps in a move that could save some residents thousands of dollars in insurance premiums. The StarNews of Wilmington reports the town’s board of aldermen agreed Sept. 10 …
