flood insurance takeup rate News

Former Florida Association for Insurance Reform Expands Nationally, Will Focus on Flood

The Federal Association for Insurance Reform (FAIR), formerly the Florida Association for Insurance Reform, is expanding nationwide with a focus on reducing uninsured flood risk across the United States. FAIR is a non-partisan, non-profit consumer advocacy group focused on providing …

Millennials More Likely to Buy Flood Insurance Than Baby Boomers

Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new survey finds. Overall, less than half of Americans …

Flood Insurance Still Relatively Rare in Northeast

Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners policies don’t cover flooding damage, and the vast majority of homeowners don’t have flood insurance. Yet it’s likely that …