federal flood insurance News

Mass. Regulator Offers Update on Industry Developments, Boston Bombing Claims

Massachusetts’ top insurance regulator recently spoke about the state of the insurance industry in Massachusetts, with topics ranging from the auto insurance marketplace and the Biggert-Waters Flood Insurance Reform Act to Boston bombing insurance claims. Speaking at the Massachusetts Association …

FEMA Says No Deadline Extension for Filing Sandy Flood Insurance Suits

The Federal Emergency Management Agency (FEMA) said it cannot extend the deadline for Superstorm Sandy victims who may want to file lawsuits challenging a denial or disallowance of all or part of their federal flood insurance claims. FEMA’s announcement is …

Rule on Requiring Lenders to Accept Private Flood Insurance Proposed

Five federal regulatory agencies are considering a rule that could boost sales of private flood insurance. The proposal would require lenders to accept private flood policies to satisfy the mandate that certain homebuyers in flood hazard areas purchase flood insurance. …

FEMA’s Latest Data on Federal Assistance for N.J.’s Sandy Recovery

The Federal Emergency Management Agency this week published its latest data on ongoing federal assistance for New Jersey’s recovery from Superstorm Sandy. As of Monday, Sept. 9, the total federal assistance for New Jersey’s Sandy recovery effort added up to …

Delaware Town Faces Flood Insurance Suspension

Federal Emergency Management Agency says more than 100 Bowers Beach property owners may have to pay more for flood insurance and could lose coverage if the town doesn’t fix longstanding deficiencies in its program. FEMA announced on Aug. 22 that …

Flood of Legal Questions Now Roils Sandy Survivors

First they needed blankets and generators. But before long, many of Superstorm Sandy’s bedraggled survivors also needed a lawyer. Thousands of people with damaged homes and businesses have sought help with legal headaches ranging from fights with building contractors to …

FEMA Publishes Latest Data on Federal Assistance for N.J.’s Sandy Recovery

The Federal Emergency Management Agency this week published its latest figures on federal assistance for New Jersey’s post-Sandy recovery effort.FEMA said the total federal assistance so far for New Jersey’s Sandy recovery adds up to more than $5.3 billion as …

Delaware Towns Worry About Hike in Flood Insurance Cost

Kent County residents and leaders in Delaware are getting their first look at new flood maps and worrying about the impact on flood insurance rates. The News Journal reports that federal officials unveiled new flood maps for Kent County on …

N.Y. Senator Gillibrand to FEMA: Review Flood Insurance Rules

U.S. Sen. Kirsten Gillibrand (D-N.Y.) has asked the Federal Emergency Management Agency to review rules that resulted in insurance coverage denials for some Superstorm Sandy victims. Gillibrand’s letter last week came after reports that the National Flood Insurance Program is …

Sandy Flood Claims Exceed $31M in R.I.; Average Payment Was $35,603

The National Flood Insurance Program has paid more than 800 claims totaling more than $31 million to property owners in Rhode Island after Superstorm Sandy. The Providence Journal reports that the federal program also rejected about 200 claims. The total …