Flood Insurance News

Ark. river levees need $4M in repairs, FEMA says

Miles of levees along the St. Francis River in Craighead County, Ark., have been deemed unacceptable by the Federal Emergency Management Agency, meaning homeowners there may need to purchase flood insurance if $4 million in repairs aren’t made. Craighead County …

Weather Report

Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the costs are likely to be huge. …

The Flood Insurance Agency Forms Agreement with BancInsure

The Flood Insurance Agency, Kalispell, Mont., has entered into an agreement with BancInsure Inc. wherein BancInsure will market TFIA’s total flood insurance compliance solution to new and existing bank clients. TFIA markets Federal Emergency Management Administration standard flood hazard area …

Ark. River Levees Need $4M in Repairs Under New Guidelines

Miles of levees along the St. Francis River in Craighead County, Ark., have been deemed unacceptable by the Federal Emergency Management Agency, meaning homeowners there may need to purchase flood insurance if $4 million in repairs aren’t made. Craighead County …

Commissioner Urges Floridians to Buy Flood Insurance

Florida Insurance Commissioner Kevin McCarty urged Floridians to purchase flood insurance to protect their homes. McCarty’s warning comes in anticipation of the 2007 hurricane season which officially begins June 1. The Commissioner also wants Floridians to be aware that there …

N.Y., Northeast Small Businesses Face Need for Disaster Insurance

Many small business owners in New York and the Northeast are still trying to recover from floods caused by as much as eight inches of rain earlier this month. Those who had flood insurance can recoup some of their losses, …

McCarran-Ferguson emerges as No. 1 threat to independent agents

As 1,200 independent agents and brokers from around the country descend on Washington, D.C., this month for the Big “I” Legislative Conference & Convention, they will be greeted with a new legislative priority: The McCarran-Ferguson antitrust repeal. While insurance regulatory …

Developing federal issue

The idea of a federal catastrophe program has been getting mixed reaction in Washington. The Bush Administration and key Republicans including Sen. Richard Shelby, R-Ala., have outright opposed the idea, which has among its supporters the Republican governor of Florida, …

McCarran-Ferguson emerges as No. 1 threat to independent agents

As 1,200 independent agents and brokers from around the country descend on Washington, D.C., this month for the Big “I” Legislative Conference & Convention, they will be greeted with a new legislative priority: The McCarran-Ferguson antitrust repeal. While insurance regulatory …

Climate Change Risks ‘Potentially Significant,’ Says U.S. Report

The actual costs of future catastrophes and other weather events linked to climate change are unknown but a new U.S. government report warns that both private insurers and the public sector are likely to pay a hefty price. The report …