Flood Insurance News

Trenchant Insurance Co. Opens in Las Vegas

Gina Russo has opened independent insurance agency Trenchant Insurance Co. in Las Vegas, specializing in home, auto, life, health and flood Insurance for residential and commercial clients, as well as handling business insurance and bonds. As a broker, Trenchant represents …

Declarations

Spitzer’s Folly “When (Eliot Spitzer) was attorney general he was on a witch hunt, he’d go after anyone he could to get headlines. I look at the pattern (at AIG) from when Hank Greenberg went out, not just the crisis …

Declarations

Federal vs. state—AIG “This argument is fundamentally flawed because it is based on a totally inaccurate assumption of facts. First and foremost, AIG is not an insurance company; it is a federally-regulated holding company under the jurisdiction of a federal …

Declarations

Spitzer’s Folly “When (Eliot Spitzer) was attorney general he was on a witch hunt, he’d go after anyone he could to get headlines. I look at the pattern (at AIG) from when Hank Greenberg went out, not just the crisis …

Universal North America Offers Auto Coverage in Arizona, Nevada

Universal North America Insurance Co. will begin providing automobile insurance coverage in Arizona and Nevada, the company announced. The Universal family of insurance companies already provides homeowners insurance and other coverages to more than 140,000 residents in six states, including …

Congress Extends National Flood Insurance Plan Until Next March

The U.S. Senate approved legislation to extend the National Flood Insurance Program until March 6, 2009. The measure was also passed earlier by the House of Representatives and must still be signed by President George W. Bush. The bill was …

Broker Uses AIG’s Problems to Create a ‘Super’ Product

“We hoped we were wrong,” said Peter Taffae, managing director of Executive Perils Inc., of the financial troubles that recently befell American International Group. In early June 2008, Taffae and several of his colleagues began to hear alarm bells surrounding …

Thousands in St. Louis Area Still Recovering from September Flood

Thousands of people in the St. Louis area are still coping with the destruction and inconveniences left behind after the area was hit by flash flooding on Sept. 14. Hundreds of homes have been condemned pending repairs and some still …

Congress Extends National Flood Insurance Plan Until Next March

In addition to working overtime on the Wall Street bailout over the weekend, the Senate also approved legislation to extend the National Flood Insurance Program until March 6, 2009. The measure was passed earlier last week by the House of …

FEMA Delays Flood Insurance Rule for Illinoisans Near River

Illinois residents and businesses in the St. Louis metropolitan area will not yet be forced to pay more for flood insurance than counterparts on the Missouri side of the Mississippi River, the Federal Emergency Management Agency decided. FEMA’s decision means …