Flood Insurance News

FEMA Says California’s Sprinter Light Rail Dirt Changed Flood Plain

Some 100,000 cubic yards of dirt dumped on the edge of California’s Loma Alta Creek to elevate Sprinter light rail tracks could be costly for nearby residents and business owners. Federal Emergency Management Agency flood planner Marshall Marik says the …

Mississippi: Insurer Wants Sisters to Pay for Providing Katrina Claims Records to Scruggs

State Farm Fire and Casualty Co. wants a federal judge to sanction two sisters who secretly copied Hurricane Katrina claims documents and gave them to a Mississippi lawyer whose clients were suing the company. Cori and Kerri Rigsby copied thousands …

Climate Change Heats Up Insurance Industry

Greenhouse gases (GHGs) have gotten a bad rap, according to Mark C. Bove, senior research meteorologist, catastrophic risk management for Munich Reinsurance America. Speaking on a panel about climate change at the Chartered Property Casualty Underwriters Society Golden Gate All …

Flooding Continues in Arkansas

Forecasters issued flash-flood warnings for parts of Arkansas’ prairie as the state’s largest water surge in a quarter-century continued its way downstream. Swollen by last week’s storms that devastated large parts of the Midwest, the fast-rising White River had risen …

Percentage of Flood-insured Kansans Low Despite Past Flooding

Only 1.3 percent of Kansas homes carried flood insurance in 2007, according to the Federal Emergency Management Agency (FEMA). FEMA is urging Kansans to buy flood insurance during what is the 15th anniversary of the flooding that swept the state …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Kidnap & Ransom Coverage Nuts & Bolts: Travis-Pedersen & Associates of Arizona LLC is offering …

Climate Change Heats Up Insurance Industry

Greenhouse gases (GHGs) have gotten a bad rap, according to Mark C. Bove, senior research meteorologist, catastrophic risk management for Munich Reinsurance America. Speaking on a panel about climate change at the Chartered Property Casualty Underwriters Society Golden Gate All …

New Yorkers to Get Flood Notices Every Year

New York lawmakers have decided once is not enough — at least when it comes to telling homeowners that floods will not be covered by a standard homeowners policy. Under legislation signed by former Gov. Eliot Spitzer, Empire State homeowners …

Declarations

Long-Term Vision Needed “The nation needs to develop a new long-term vision for its highway system that would include improving conditions and safety and reducing traffic congestion.” —William M. Wilkins, executive director of TRIP, a national transportation research group. A …

Feds Propose Changes to Flood Insurance Q&A for Lenders

The federal bank, thrift, credit union, and Farm Credit System regulatory agencies today requested public comment on new and revised interagency questions and answers for lenders regarding flood insurance. The Interagency Questions and Answers Regarding Flood Insurance were first published …