One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid costly litigation after disasters …
A coastal South Carolina congressman is seeking to allow an undeveloped section of Kiawah Island beachfront to qualify for federal money for roads, flood insurance and renourishment, making it more attractive for development. U.S. Rep. Henry Brown introduced a bill …
Florida Chief Financial Officer and State Fire Marshal Alex Sink urged Floridians to continue to monitor and prepare for Tropical Storm Fay including taking the necessary financial and fire safety precautions to weather the storm with the help of a …
New York home insurers must begin sending annual flood notices to their clients at the end of this month, part of a rules changes that goes into effect Aug 31. The New York Insurace Department has begun sending a circular …
Iowa officials estimate it will cost $15 million to bring the state up to speed on flood plain maps. Only 50 of Iowa’s 99 counties have complete maps that meet federal standards. The outdated or incomplete maps are problems because …
Catastrophe risk specialist RMS says the insurance bill for damage from Hurricane Dolly, which hit Southwest Texas on July 23, may go as high as $750 million, while Boston-based AIR World-wide estimates damages between $350 million and $700 million for …
Fitting the Pieces Together for a Comprehensive Association or Unit Owners’ Coverage Picture Completing the condominium insurance picture necessitates jigsaw puzzle tenacity. Quite a few pieces must be snapped together to assure a proper insurance picture. Any missing information can …
The National Flood Insurance Program owes the federal Treasury more than $17 billion from hurricane-related losses and has been unable to set aside enough money to meet catastrophic losses that could arise in the future, congressional investigators said in a …
An insurance company’s attorney suggested during a sworn deposition that former Mississippi U.S. Sen. Trent Lott urged witnesses to give false information in a Hurricane Katrina lawsuit, according to court records. The implication was made last week during a deposition …
Flood insurance policyholders rebuilding in the wake of the June severe storms and flooding in he Midwest may be eligible for up to $30,000 to help cover the cost of bringing their property into compliance with local floodplain ordinances. Policies …
