Flood Insurance News

FEMA to Ask Sandy Homeowners If They Want to Reopen Claims

Homeowners insured through the National Flood Insurance Program who think they were shortchanged for Superstorm Sandy damage are getting another chance for reimbursement. The Federal Emergency Management Agency will begin asking whether they want to reopen their claims, Rep. Chris …

FEMA Chief on Sandy Flood Insurance Claims: ‘We Want to Fix This’

The head of the Federal Emergency Management Agency says he wants to fix what went wrong with the process of paying flood insurance claims following Superstorm Sandy. Craig Fugate told the first meeting of a congressional task force in Washington …

Hurricane Sandy Judges Demand Clearing of Settlement Roadblocks

Federal officials and flood insurance companies were chastised by a panel of New York judges for imposing delays on settlements with hundreds of Hurricane Sandy victims who alleged their claims were wrongfully denied or underpaid. Officials with the Federal Emergency …

Task Force Launching to Examine Superstorm Sandy Problems

A task force will begin work this week with the Federal Emergency Management Agency’s national flood insurance program to examine problems that arose after Superstorm Sandy and to develop recommendations to correct them. U.S. Sens. Bob Menendez and Cory Booker, …

Florida’s Prepared Insurance Joins Write Your Own Flood Program

Prepared Insurance Company (PIC), a Florida property/casualty carrier, has been approved to participate in the Write Your Own Flood Program (WYO). The insurer is offering Florida consumers the ability to purchase flood and homeowners insurance through one carrier with one …

TWIA to Begin Agency Documentation Verification Survey on May 1

The Texas Windstorm Insurance Association alerted agents that as of May 1, 2015, TWIA would begin implementing an agency compliance program in order to verify agent documentation of private insurer coverage declinations and proof of flood insurance coverage on TWIA …

$26.2M Flood Mitigation Grant Approved for Burlington, Iowa

City officials in Burlington, Iowa, announced it will be able to build flood walls and other barriers to keep the Mississippi River at bay during flood events. The city has been awarded a $26.2 million grant from the state Homeland …

FEMA Official: ‘We Are Undertaking Sweeping Reforms’ at NFIP

The Federal Emergency Management Agency said it is working to give every Hurricane Sandy survivor who thinks they may have been defrauded or received less than they were entitled to under their National Flood Insurance Program (NFIP) policy, the opportunity …

FEMA Sets Up Review Process for Sandy Flood Claims

In light of recent allegations that some insurers in the National Flood Insurance Program (NFIP) may have denied or rejected Superstorm Sandy flood damage claims based on falsified reports, the Federal Emergency Management Agency is now prepared to reopen “every …

FEMA to Impose More Oversight on Flood Insurers, Engineering Firms

Federal disaster relief officials are keeping a closer eye on companies that help it provide flood insurance, following allegations by Hurricane Sandy victims that claims were denied or underpaid based on manipulated engineering reports. A spokesman for the Federal Emergency …