Flood Insurance News

Allstate Hit for Linking Fire Renewals to Separate Wind Policy in Miss.

Michael McAndrews would like to know what business Allstate has telling him he must buy wind and hail coverage — or else. McAndrews received a letter July 12 that said Allstate will not renew his homeowner’s coverage for fire and …

Some Miss. Coast Homeowners Won’t Have to Repay Grant

Policyholders who settled Hurricane Katrina lawsuits confidentially with insurance companies can keep those payments, along with federal grants for structural damage other homeowners were ineligible to receive or must repay. A federal grant modification that created the situation has gone …

RMS: Current UK Floods not as Costly as Those in 1947

Despite the widespread devastation caused by this summer’s UK floods, the damage is not yet as costly as the March 1947 floods, which would have resulted in insured losses of £4.5 to £6 billion if it reoccurred today, according to …

Of wind and floods

Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to add windstorm coverage to the NFIP. The …

Of wind and floods

Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to add windstorm coverage to the NFIP. The …

Editor’s Note: Of wind and floods

Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to add windstorm coverage to the NFIP. The …

South Texas counties at odds with FEMA over maps

Hidalgo County, Texas, officials are moving to block the release of an updated Rio Grande flood plain map that would force property owners to buy flood insurance. The Federal Emergency Management Agency plans to release the map declaring most of …

News Currents

N.C. braces for flood insurance rate surge under new building code Thousands of coastal North Carolina residents could see insurance rates surge this fall as state regulators weigh higher insurance costs against the rising cost of protecting homes. The North …

Declarations

In service to their country “It is important that members of the Armed Services who enlist in, or return from, active duty are not penalized by their insurance companies for the period of time in which they have put themselves …

South Texas counties at odds with FEMA over maps

Hidalgo County, Texas, officials are moving to block the release of an updated Rio Grande flood plain map that would force property owners to buy flood insurance. The Federal Emergency Management Agency plans to release the map declaring most of …