Flood Insurance News

Editor’s Note: Consumer education still needed

An education isn’t how much you have committed to memory, or even how much you know. It’s being able to differentiate between what you do know and what you don’t. — Anatole France (1844 – 1924) Apparently, when it comes …

Consumers not informed about homeowners insurance, study says

A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from an array of perils, according to research by the National Association of Insurance Commissioners, which recently hosted its summer conference in San Francisco. Yet, typical …

Coalition to Martinez: Join Call to Curb High-Density Coastal Development

The Florida Coalition for Preservation asked U.S. Senator and Republican National Committee General Chairman Mel Martinez to protect American taxpayers from being forced to subsidize irresponsible coastal over-development along America’s barrier islands. Former Congressman Tom Evans, chairman of the Florida …

Consumers not informed about homeowners insurance, study says

A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from an array of perils, according to research by the National Association of Insurance Commissioners, which recently hosted its summer conference in San Francisco. Yet, typical …

Flood Insurance Program Doesn’t Know If Payments Covered Wind Damage

Since the National Flood Insurance Program does not collect data on both wind and flood damage claims from its insurers, it’s not possible to know if its billions of dollars in payments on hurricane-damaged properties accurately reflect flood only damage, …

La. Judge: Fed. Prosecutors Should Get Involved in Whistle-Blower Case

The judge in New Orleans who unsealed a federal whistle-blower case accusing insurance companies of overbilling the National Flood Insurance Program says the U.S. Department of Justice should get involved or explain why not. The case was brought by former …

U.S. Appeals Court Hears Arguments in Katrina Levee Lawsuits

A U.S. appeals court judge promised a swift ruling in a case pitting New Orleans homeowners against insurance companies for their refusal to cover damage from the failure of levees in Hurricane Katrina’s aftermath in 2005. Rulings by the 5th …

House to Hold Hearings on Hurricane Insurance Practices Next Week

Congress is planning further exploration of the federal government’s flood program and private insurance practices following the hurricanes of 2005, including the settlement of wind vs. water claims. U.S. Representatives Melvin L. Watt, D-N.C., chairman of the Financial Services Subcommittee …

Consumers Not Informed about Homeowners Insurance, Study Says

A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from a wide array of perils, according to new research by the National Association of Insurance Commissioners (NAIC), which hosted its summer conference this week in …

Protecting against floods

Flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. However, that flood risk is not limited to summer and fall months alone, nor to just the East Coast …