federal flood insurance News

FEMA: Federal Support for Rhode Island Sandy Recovery Exceeds $39M

The Federal Emergency Management Agency said Tuesday that more than $39.4 million in support from four federal disaster relief programs is helping Rhode Island recover from Superstorm Sandy’s effects.FEMA said the majority of the support is from the National Flood …

A New Threat for Hardest-Hit Sandy Victims: Soaring Flood Insurance Costs

George Kasimos has almost finished repairing flood damage to his waterfront home in New Jersey, but his Superstorm Sandy nightmare is far from over. Like thousands of others in the hardest-hit coastal stretches of New Jersey and New York, his …

FEMA Publishes Latest Data on New Jersey’s Sandy Recovery

The Federal Emergency Management Agency this week released its latest figures regarding Superstorm Sandy disaster assistance and recovery in New Jersey — including the National Flood Insurance Program claims payments made so far for New Jersey residents. The numbers are …

Floridians Encouraged to Buy Flood Insurance Before Hurricane Season Gets Underway

Florida Insurance Commissioner Kevin McCarty is encouraging Floridians to make preparations now for the upcoming 2013 hurricane season by purchasing flood insurance. Flood insurance is administered through the National Flood Insurance Program (NFIP) and is available to homeowners, renters and …

FEMA Has Most New Jersey Flood Insurance Claims Settled

The Federal Emergency Management Agency says it has settled 96 percent of the post-Superstorm Sandy National Flood Insurance Program claims in New Jersey.The agency says that as of Tuesday, there had been 74,825 claims filed and 70,689 had been closed.

Flood Insurance Policyholders Told to Expect Big Premium Hikes

The head of the Federal Emergency Management Agency said people who buy federal flood insurance need to plan for big rate hikes. FEMA director Craig Fugate said some people now paying hundreds of dollars a year could wind up paying …

N.J. Poll: Rules Needed for Rebuilding After Superstorm

A new poll finds most New Jersey voters surveyed believe the state should impose specific rules on property owners who are rebuilding after Superstorm Sandy.The Fairleigh Dickinson-PublicMind poll from March 19 found that 64 percent of respondents believe property owners …

Penn. Regulators Urge Consumers to Consider Buying Flood Insurance

The Pennsylvania Insurance Department is encouraging homeowners to consider buying flood insurance to help protect against potential spring floods. Winter ice and snow increases the chance of spring flooding, Pennsylvania regulators warned. Further, Pennsylvania is one of the most flood-prone …

Mainers Urged to Consider Flood Insurance

State officials are urging Mainers to consider buying flood insurance if their home or business is located close to a body of water. The Maine Floodplain Management Program says standard home- and business-owners’ insurance policies do not cover flood-related damages. …

FEMA: $2.7B Paid Out in New Jersey Flood Insurance Claims Post-Sandy

The Federal Emergency Management Agency says it has made $2.7 billion in flood insurance payments to New Jersey claimants since Superstorm Sandy hit the state last October.The agency also announced Tuesday that it has approved $367.3 million overall in grants …