Flood Insurance News

Repairs to Levees in Council Bluffs, Iowa Could Cost $50M

Repairs and improvements on Council Bluffs, Iowa’s river and creek levees could cost the city $50 million. The Daily Nonpareil says the estimate comes from a study on the work needed to repair river and creek levees to meet federal …

South Dakota Flood-Control Project Nearly Complete

Sioux Falls, S.D. officials can almost see the finish line in a flood-control upgrade project that has lasted nearly 15 years. But the work construction crews are completing in the city’s west side was not part of the original project. …

Vertafore, StoneRiver Partnership Aims to Make Selling Flood Insurance Easier

Insurance software firm Vertafore has formed a partnership with flood insurance policy processing firm StoneRiver National Flood Services (NFS) to provide independent agents a new way to quote and cross-sell flood insurance when selling homeowners insurance. The partnership integrates NFS’s …

AG Coakley Testifies in Support of Flood Insurance Bill in Massachusetts

Concerned that increased insurance rates caused by new flood zone maps will “tip the balance” for homeowners who weathered the economic downturn but are still feeling its effects, Massachusetts Attorney General Martha Coakley testified Thursday in support of proposed state …

Indiana Homeowners Fear Flood Insurance Sticker Shock

Homeowner Wally Cantrell’s finished basement was destroyed in the June 2008 flood in Columbus, Ind., but his flood insurance policy helped cover a good bit of the repairs. Now, Cantrell wonders if he will soon face a related disaster due …

Cincinnati Officials Say Levee Decision Forced Flood Insurance Purchases

Two city council members in Cincinnati, Ohio, say they want to know more about the decision to decertify a flood levee, which forced hundreds of property owners in Cincinnati to buy flood insurance. Councilman Charlie Winburn said he will launch …

Mass. Rep. Keating Urges House Approval of Flood Insurance Bill

U.S. Rep. William Keating, D-Mass., is calling for swift passage of a flood insurance bill in the House that would give hundreds of thousands of homeowners a reprieve from higher flood insurance premiums. The Democrat said there’s no reason why …

Private Flood Insurance Provider Steps Into Connecticut Market

A private flood insurance provider has stepped into Connecticut’s market, the first time homeowners along the shoreline battered by Superstorm Sandy have an alternative to increasingly costly federal insurance. The Flood Insurance Agency of Gainesville, Fla., is offering flood insurance …

Homeowners of America Insurance Co. Offering Flood Coverage in Texas

Homeowners of America Insurance Co. (HOAIC), a Texas-based property and casualty insurance company, is expanding its products to offer flood insurance to its policyholders in Texas. Homeowners of America flood insurance will be offered through a private label partnership with …

Homeowners Choice Sells First Flood Policy in Florida

Homeowners Choice Property & Casualty Insurance Co., Inc., a Florida based provider of admitted homeowners insurance and wholly-owned insurance subsidiary of HCI Group, Inc., is now selling flood insurance to existing customers in Florida. Many Florida residents have seen a …