Flood Insurance News

From Cuba to Capitol Hill

Not your typical agent: Big “I” President and Miami independent agent Alex Soto in a one-on-one interview Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance Agents & Brokers of America, is not …

Declarations

Declarations Pay for flood now or later “I would put flood insurance back in the homeowner’s policy maintaining the federal government as the reinsurer … We need to bring more people into the system … We need to bring them …

U.S. Attorney in La. Won’t Intervene in Suit Against Insurers

U.S. Attorney David Dugas says he won’t intervene in a whistleblowers’ lawsuit that accuses several insurance companies of overbilling the federal government for flood damage to Louisiana homes from Hurricane Katrina. An attorney for a group of former insurance adjusters …

From Cuba to Capitol Hill

Not your typical agent: Big “I” President and Miami independent agent Alex Soto in a one-on-one interview Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance Agents & Brokers of America, is not …

Deadline to Apply for La.’s Road Home Aid is July 31

Louisiana homeowners with damage from hurricanes Katrina and Rita have until July 31 to apply for aid through the state’s Road Home program, officials announced May 29. The program gives out grants of up to $150,000 per homeowner. Insurance proceeds …

Miss. Delta Officials Decry FEMA Flood Warning as ‘Alarming’

Officials in the Delta have accused the government of trying to scare local residents into buying flood insurance by suggesting the Mississippi River levees could be breached as were those around New Orleans during Hurricane Katrina. The Federal Emergency Management …

Gov. Proclaims Hurricane Preparedness Week in North Carolina

Gov. Mike Easley has proclaimed May 20-26 as “Hurricane Preparedness Week” and urged all citizens to prepare for this year’s predicted increase in storm activity by assembling disaster preparedness kits and updating emergency plans. Hurricane season officially begins on June …

Flood remapping affects Tenn. home values, insurance

Tennessee counties are in the process of a five-year plan to update old flood maps, but some homeowners are concerned the new versions could lead to lowered home values and the need for additional insurance. Shannon McDonald lives in a …

Claims against insurance agents and brokers: Timing is everything

Flood policies at heart of many cases against Gulf Coast producers In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found themselves being sued for …

Editor’s Note: Small businesses not always adequately covered . . .

The recent tornadoes, heavy rains and subsequent flooding that hit a good part of the Midwest in May remind all of us about insurance coverage issues. For many the reminder is about purchasing flood insurance for your home, for another, …