Adding wind coverage to the current federal flood and wind insurance program could benefit some policyholders and market participants but would also involve trade-offs, says a new government report. While current legislation to add wind to the flood program would …
The U.S. Senate officially rejected a bid by Gulf state senators to add wind coverage to the financially strapped federal flood insurance program. Lawmakers from Louisiana and Mississippi cited problems that occurred after Hurricane Katrina and other big 2005 storms …
The Senate voted Tuesday to extend until 2013 a federal program that insures millions of U.S. homes against floods and to forgive $17 billion in debt that the program built up during Hurricane Katrina. In an issue of concern to …
The U.S. Senate last week officially rejected a bid by Gulf state senators to add wind coverage to a financially strapped federal program that provides flood insurance. Lawmakers from Louisiana and Mississippi cited problems that occurred after Hurricane Katrina and …
A bill to renew the National Flood Insurance Program (NFIP) passed a key test vote in the U.S. Senate Tuesday, with aides saying they expected final action on the legislation before the end of the week. The Senate agreed by …
Adding wind coverage to the current federal flood and wind insurance program could benefit some policyholders and market participants but would also involve trade-offs, says a new government report. While current legislation to add wind to the flood program would …
With the 2008 hurricane season less than a month away, Mississippi Commissioner of Insurance Mike Chaney encourages all coastal residents to protect their lives and property by making preparations now. One of the first items on a list of preparations …
A team of plaintiffs lawyers that includes a former high-ranking federal prosecutor denies infiltrating an insurance company’s computer database to help build a case against the insurer after Hurricane Katrina. Bloomington, Ill.-based State Farm Fire and Casualty Co. is asking …
An unusual alliance of insurance and environmental groups is urging lawmakers to focus on policies that encourage property mitigation and environmental protection in catastrophe-prone areas, rather than expanding the government’s flood insurance or “bailing out” Florida’s catastrophe plan. The coalition, …
Independent agents hold onto market share, prepare for post-November election politics Insurance Journal‘s Editor-in-Chief Andrea Wells interviewed Robert Rusbuldt, CEO and president of the Independent Insurance Agents and Brokers of America (the Big “I”), at the Big “I” Legislative Conference …
