Flood Insurance News

Some Western N.Y. Homeowners Grapple With Flood Damage After Canceling Insurance

Some western New York residents whose homes were damaged by a snow-swollen river this month had only recently cancelled their federal flood insurance policies because of rate increases. About 70 houses in West Seneca, just outside Buffalo, flooded when a …

Mass. Sen. Warren Launches Statewide Tour, Discusses Flood Insurance

U.S. Sen. Elizabeth Warren, D-Mass., is scheduled to participate in events across Massachusetts next week to discuss her agenda for the year and the importance of making investments that help build a strong middle class. The Democrat’s “Priorities for the …

Remapping, Subsidy Loss Raising North Dakota Flood Insurance Costs

Had Greg Larson, a realtor and riverside homeowner in Bismarck, N.D., and his family changed their flood insurance policy, their cost would have gone from $705 a year to $4,200. Increases in flood insurance rates are making some of Bismarck-Mandan’s …

A.M. Best Reviewing Wright National Flood Insurance Co.

Ratings agency, A.M. Best, has placed under review with developing implications the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) of San Antonio, Texas. These rating actions follow the …

Federal Flood Aid to Colorado Reaches $246M

The Federal Emergency Management Agency says nearly $246 million in federal aid has flowed into Colorado since the deadly September floods. FEMA said the aid includes $96 million in loans, $59.3 million in flood insurance settlements and $54.5 million in …

Improvements Planned for Flood Walls in Grand Rapids, Michigan

Grand Rapids, Mich., plans to spend $4.2 million to repair and improve its floodwall system, after engineers identified weaknesses exposed by a storm last spring that flooded the Grand River threatened to swamp the city. The river came close to …

Roanoke, Va., Family Stays Afloat After Summer Floods

Joel Kirby loaded his young stepson Seth into his truck in the rain and headed over to the mall. “Despicable Me 2” was playing, and a movie on a damp summer night seemed like a good idea while his wife, …

N.J. Sen. Menendez Calls on Congress to Delay Flood Insurance Rate Hikes

U.S. Senator Robert Menendez (D-N.J.) on Thursday joined residents and local officials in Brick, N.J., to call on Congress to pass the Homeowner’s Flood Insurance Affordability Act. The bipartisan, bicameral bill, originally introduced by Sen. Menendez on the anniversary of …

Flood Maps Still Wrong, Oregon Homeowners Still Paying

Months after Carol Justice was wrongly told her home needs flood insurance, the Cornelius resident is still paying up – even though a surveyor has since determined her house is not in the flood zone. Justice is one of hundreds …

Long Island, N.Y., Residents Asked to Take Disaster Survey

A Long Island, N.Y., politician is asking residents to take an online survey to help officials update their plans for dealing with storms and other natural disasters. Huntington Town Supervisor Frank Petrone sent a request out Monday. Huntington is working …