The U.S. House of Representatives passed the Flood Insurance Reform and Modernization Act, H.R. 3121, by a vote of 263-146 on Sept. 27, heating up a topic already on fire. While supporting efforts to modernize and strengthen the National Flood …
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. …
A pre-established formulaic predictability model would virtually solve the issue of indeterminable loss cause that was so wide-spread in the aftermath of Hurricane Katrina, according to South Carolina’s Insurance Regulator. South Carolina Insurance Director Scott Richardson is proposing a loss-allocation …
A vast majority of Californians consider it their responsibility to keep their insurance current, but don’t bother to read their homeowners policies each year, a new study has found. More than two-thirds of those surveyed in a statewide poll commissioned …
A federal trial over Hurricane Katrina damage ended abruptly with a settlement between the insurance company and the Mississippi couple whose property damage, a jury decided, had been caused by the storm’s wind and should have been covered by the …
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 …
If a bill similar to one the House just passed that expands the National Flood Insurance Program reaches President Bush’s desk, he will veto it, the White House says. The administration said it supports efforts to reform and strengthen the …
The National Flood Insurance Program is over $17 billion in debt according to the American Academy of Actuaries, adding further anxiety to a proposal to add wind peril coverage to the national plan. While the U.S. House of Representatives passed …
Gov. Sonny Perdue announced that the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has awarded $3,320,761 in projects that will reduce the possibility of flood damage in three Georgia communities. Peachtree City and DeKalb and Douglas Counties …
Lawmakers need to help pay for replacement housing and assist businesses that want to locate in areas devastated by tornado and flood damage, two legislative leaders told a legislative committee Tuesday. Senate Majority Leader Derek Schmidt and House Majority Leader …
