A Florida insurance agency that stepped forward last month to offer a private market stand-alone flood coverage policy in Florida has started marketing the policy in six other states. The Gainesville, Fla.-based Flood Insurance Agency began offering the private policy …
Fidelity National Property & Casualty Insurance Co. was recently sued in a New York court over flood insurance policies. The suit alleges the insurer retroactively canceled flood policies for Dayton Towers Corp.’s residential buildings and reissued new policies with lower …
Members of the Massachusetts Congressional delegation, led by Congressman Bill Keating, recently sent an open letter to the Federal Emergency Management Agency (FEMA). The lawmakers argued in their letter that when FEMA established the new flood maps for Massachusetts, it …
Residents and officials in flood-prone north-central Pennsylvania are warning that a new federal law ending subsidized federal flood insurance rates in certain areas will bankrupt homeowners, drive down property values and deplete tax bases. They testified during a Wednesday hearing …
Some property owners in Douglas County, Kansas, could soon pay more for federal insurance. The federal government’s decision to phase out subsidized insurance in special flood hazard areas will increase costs for 168 property owners in Douglas County. Most of …
The Iowa Flood Mitigation Board has awarded millions of dollars for flood protection projects in Cedar Rapids, Dubuque and other Iowa cities. The awards were announced on Dec. 4. The Iowa Legislature created the board to let cities use a …
The University of Iowa says the Federal Emergency Management Agency will not require the school to purchase additional flood insurance after all. UI vice president of finance and operations Doug True said the news “is a very big deal and …
Louisiana’s Department of Insurance has joined a lawsuit filed by Mississippi against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. Commissioner Jim Donelon said that the department had filed an …
Maine communities are criticizing new maps proposed by the federal government that show future flooding risks near the state’s coast that could impact what kind of insurance property owners must buy. The Flood Insurance Rate Maps released in November by …
Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to …
