Georgia homeowners now have another choice in flood insurance. Wright National Flood Insurance Services, underwritten by Zurich American, announced it has begun offering policies in the state. Using model-based rating methods, the program can pinpoint risk house by house, the …
The New York State Department of Financial Services (DFS) is mandating continuing education in flood insurance for property/casualty insurance producers in response to the increasing risk of flooding due to climate change. In addition, DFS is the first state regulator …
Four people were killed in Alabama Thursday when torrential rains drenched parts of the state, flooding roads and buildings and causing a sewage overflow. All four deaths, including that of a 4-year-old girl in North Alabama, occurred when high water …
Like a growing number of communities across the country, the west Tennessee town of Waverly faces a difficult dilemma: Whether to rebuild hundreds of homes that were recently flooded — or move to higher ground. “I fully realize that we’re …
Flood insurance premiums figure to increase for thousands of Connecticut residents when the federal government implements a new rate system, some by as much as $100 per month – but most by up to $10 monthly. The Federal Emergency Management …
The federal government Friday rolled out a flood-insurance program revamped to reflect worsening climate change, a program that will raise rates for millions of homeowners in wealthy coastal areas and humble inland communities alike. The Federal Emergency Management Agency in …
In what may be a sign of the climate times, a Florida county has declared a local state of emergency after a weather event — even without hope of much assistance from the state or federal government. The declaration by …
After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, Northeastern U.S. residents still in the throes of recovery are being hit with another unexpected blow: Thousands of families are now swamped with financial …
The country’s flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government’s program for those seeking coverage, according to a new AM Best report. But private sector carriers are being selective, tending to avoid …
Jennifer Carnevale’s yard can hold 23 inches of water before her house floods. She knows because her family has seen the water cross that all-important threshold, twice. “We’ve measured it,” the 46-year-old mom of three said. Their home in Country …
