Flood Insurance News

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 …

Other Mississippians Upset Because they Bothered ‘To Be Responsible’

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 …

Regulators Testifiy before Congress in Support of All-Perils Policy

Speaking before a key subcommitee of the U.S. House of Representatives Tuesday, Sandy Praeger, president-elect of the National Association of Insurance Commissioners (NAIC) and Kansas Insurance Commissioner, testified on the merits of all-perils insurance coverage. Commissioner Praeger commended the Subcommittee …

Nearly 18K in La. Interested in Buying FEMA Trailers, Mobile Homes

Nearly 18,000 occupants of Federal Emergency Management Agency (FEMA) travel trailers and mobile homes in Louisiana have shown interested in purchasing their units, the agency has reported. In an effort to help displaced residents of hurricanes Katrina and Rita with …

Few Kan. Residents Covered by Flood Insurance

While his flooded neighbors faced an uncertain future, homeowner Bob Foust was already well under way this week repairing the water damage to his house upstream of the refinery’s oil spill. Not only did his house escape the oily gunk …

N.Y. Agents Seeking Alternatives for Downstate Homeowners

Downstate New York insurance agents say they are seeking alternative sources of coverage, as many of their regular homeowners insurance companies continue to reduce exposure in their area. A membership survey conducted by the Professional Insurance Agents of New York …

Judge in La. Won’t Force Prosecutor to Enter Katrina Whisteblower Case

A federal judge in New Orleans on June 9 withdrew an order challenging U.S. Attorney David Dugas for not intervening in a whistleblowers’ lawsuit that accuses insurance companies of overbilling the federal government for flood damage in Louisiana from Hurricane …

N.C. Flood Insurance Rates May Soar Under New Coastal 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 Carolina Building Code Council has balked at new international building codes …