The federal government may be overpaying private insurers for their operating costs associated with the National Flood Insurance Program (NFIP), a recent report said. The government’s payments to insurance companies for operating costs ranged from “more than a third to …
Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key decision. Plaintiffs in the case, who had …
The federal government may be overpaying private insurers for their operating costs associated with the National Flood Insurance Program (NFIP), a recent report said. The government’s payments to insurance companies for operating costs ranged from “more than a third to …
A federal appeals court sided with Nationwide Mutual Insurance Co. last Thursday in a key Mississippi case related to hundreds of lawsuits over damage caused by Hurricane Katrina. The 5th U.S. Circuit Court of Appeals in New Orleans ruled that …
A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At the same time, the Department of Homeland …
Report: insurers did not shift wind claims A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At …
North Carolina will receive a $4 million grant from the Federal Emergency Management Agency for a flood plain mapping project, according to Sen. Elizabeth Dole. “This funding will help protect North Carolinians and their property by enabling them to evaluate …
Two years after Hurricane Katrina decimated the homes of thousands of Gulf Coast residents insurance companies are still systematically denying policyholders fair and just claims payments following this and other natural disasters, a report by the trial bar’s American Association …
In response to the severe thunderstorms that have resulted in flooding in the Chicago area, the Chubb Group of Insurance Cos. is offering its homeowners insurance customers two services to help reduce damage to their property. Upon request, Chubb can …
Despite promising changes, Congress has shown little enthusiasm for taking the unpopular steps that experts say are necessary to fix the nation’s main flood insurance program. Recent flooding in the Midwest has brought the issue back to the forefront. Hurricanes …
