Flood Insurance News

Adding wind peril coverage is not the solution

The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular, we have analyzed the sections of the …

News Currents

House-passed flood insurance bill provides optional windstorm coverage The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy. The …

Adding wind coverage to flood not the solution

The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular, we have analyzed the sections of the …

Wind, water and legislative storm

More than two years have gone by, but no one can forget the devastating effects Hurricane Katrina had on the Gulf Coast. Yet legislators and industry leaders continue to debate how to prevent future problems associated with major natural catastrophes. …

Declarations

Workable competition “We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public and the consumer.” — Deirdre …

Declarations

Flood reforms “Flood insurance reforms are needed because, as we have seen, storms will become stronger and more intense, and we need a program that can contend with the worst that Mother Nature can throw at us. Simply put, we …

It Figures

5 The number of years recently passed House legislation would reauthorize the National Flood Insurance Program. The measure aims to update the nation’s flood insurance program through 2013, give homeowners the option of purchasing windstorm coverage as part of their …

House-passed flood insurance bill provides optional windstorm coverage

The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy. The legislation also reauthorizes the National Flood Insurance Program …

8 N.J. still rates at the top

Competition helps but drivers still pay most 8 Maine cop hit by police car covered Court rules in the case of a stolen police car 8 N.Y. to issue illegal immigrants licenses Supporters see fewer uninsured motorists 10 Mass. warned …

Adding wind peril coverage is not the solution

The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular, we have analyzed the sections of the …