Flood Insurance News

‘100-Year Floods’ Happen More Often Than People Think

Eleven months ago, Houston had a deadly flood. This week, the city had another. Events like these are often called “100-year floods,” and that can be misleading. The U.S. government began using the term in the 1960s to describe a …

Penn. Issues Consumer Alert for Homeowners on Appealing Flood Maps

Pennsylvania Insurance Commissioner Teresa Miller issued a consumer alert this week telling homeowners about a process by which they can appeal their property’s placement in a flood zone by the federal government, which in many cases requires them to purchase …

Some Louisiana Residents Dropped Flood Insurance, Now Regret It

Some Monroe, La., homeowners dropped flood insurance when they got the choice, and are now regretting it. Some homeowners in the area got notices from their mortgage company saying they were no longer required to buy flood insurance, and some …

Regulatory SOS: Leveraging Change to Succeed in the Flood Space

April 5, 2016- Change isn’t always easy. If you’re an insurance agent or WYO facing the April 1, 2016, regulatory changes to the National Flood Insurance Program (NFIP), you know this all too well. As FEMA continues to phase out …

Riding Out the “Perfect Storm”: Navigating Change in Today’s Volatile Flood Insurance Market

April 1, 2016- If you are an insurance agent trying to survive in today’s competitive marketplace, you may have dipped your toes in the flood insurance waters, so to speak. If you have not, get ready to jump in, because …

4 Parishes Added to Louisiana Disaster Declaration

Four more parishes have been added to a presidential disaster declaration that followed recent historic flooding in Louisiana. Sen. David Vitter’s office said that the latest additions are Jackson, Rapides, Red River and Sabine parishes. The disaster declaration makes public …

Flooded Interstate 10 in Southeast Texas to Remain Closed for Days

Highway officials say flooded Interstate 10 in Southeast Texas will stay closed through the weekend. Transportation officials closed the eastbound lanes early on March 15 as rising waters from excessive rains flooded the roadway. Westbound lanes were closed on March …

Iowa City $59M Flood Prevention Project in the Works

Iowa City is preparing to start work on a $59 million flood recovery and mitigation project. The Iowa City Press-Citizen reports that crews began removing trees last week in preparation for the Gateway Project, which was prompted by the record-setting …

Penn. Hails House Committee Passage of Private Flood Insurance Bill

Pennsylvania Insurance Commissioner Teresa Miller hailed a recent vote by the U.S. House of Representatives Financial Services Committee approving the Flood Insurance Market Parity and Modernization Act (H.R. 2901). Miller said this legislation encourages more private insurers to write flood …

Rising Rivers, Bayous Force Texas Evacuations

Residents were evacuating their homes in Southeast Texas on March 15 as rivers swollen by days of heavy rain displaced thousands of people, forced the temporary closure of a major interstate and overwhelmed small towns along the Louisiana border. People …