Flood Insurance News

New York Regulators Urge Homeowners to Buy Flood Insurance

The Insurance Department of New York is telling property owners they “should act now” to buy flood insurance, as saturated ground conditions could worsen with heavy spring rains and increase the potential for floods. “Many people are unaware that most …

Vermont Officials Worry about Flooding

Vermont officials are hoping against a quick warm-up for fear that fast melting of Vermont’s deep snow pack could trigger flooding. One potential trouble spot is the Deerfield River in Wilmington, where the town has placed a crane by the …

Wisconsin Official Suggests Flood Insurance Necessary as Spring Arrives

Wisconsin residents whose communities received heavy snowfall this winter should consider buying a flood-insurance policy before the spring thaw arrives, a state insurance official said. “With spring on the way there is often melting snow as well as heavy rains, …

Conflicts Arising in Federal Rulings in Louisiana Hurricane Cases

Conflicting rulings by federal judges in New Orleans and in Lake Charles, La., are having major effects on how much money homeowners can collect on damage from the 2005 hurricanes, and there is no quick end to the conflict in …

Policyholders Need to be Educated on Importance of Flood Insurance

Eroding levees, flood map changes, lack of buyers highlight need for public outreach Levees can also erode and decay over time and require regular maintenance and upkeep to continue to offer the level of protection they were designed to provide. …

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 this week by Gov. Eliot Spitzer, Empire State …

Miss. Senate Approves $25 Million for Wind Pool to Help Gulf Coast

Freshman Sen. Michael Watson knows the sting of rising insurance costs on the hurricane-battered Mississippi Gulf Coast. Watson said after Hurricane Katrina struck more than two years ago, he lost his home’s wind insurance with Farm Bureau so he joined …

Universal North America Introduces Auto Coverage in Texas

Universal North America Insurance Company (Universal) announced it has begun offering automobile insurance coverage in Texas. Universal, a multi-regional personal lines carrier, already provides homeowners insurance and other coverages to more than 140,000 residents in five states, including Texas. According …

Miss. Homeowners in Flood Zone May Qualify for Katrina Home Help

Mississippi officials said Tuesday that homeowners with elevated structures who lived inside the federally designated flood zone when Hurricane Katrina struck in 2005 may still qualify for housing assistance. Jon Mabry, with the Mississippi Development Authority’s Disaster Recovery Division, said …

Idaho Residents Warned About Spring Flood Risk

The Idaho Department of Insurance is warning homeowners about the potential risk of heavy spring flooding, with accompanying property damage, resulting from the heavy snowfall that areas of the state have already received this winter. The department noted that sudden …