Flood Insurance News

Central Texans’ Interest in Flood Insurance Rises Along with Claims

Insurance agents in Austin, Texas, report the interest in homeowners obtaining flood insurance coverage has risen dramatically after two recent rains that have flooded portions of Austin and neighboring communities. Approximately 650 homes and businesses were either damaged or destroyed …

Austin Homeowner’s Interest in Flood Insurance Rises

Insurance agents in Austin, Texas report the interest in homeowners obtaining flood insurance coverage has risen dramatically after two recent rains that have flooded portions of Austin and neighboring communities. Roughly 650 homes and businesses were either damaged or destroyed …

Iowa City Work Prompts Lower Flood Insurance Rates

Property owners in Iowa City’s 100-year flood plain will get a 15 percent discount on their flood insurance premiums because of city efforts on a variety of flood-related projects. Property owners in the flood plain will see the 15 percent …

Minnesota History Village now Center of Flood Fight

A Minnesota philanthropist has been fighting to preserve a historical village after county officials learned the buildings sit in a flood plain and could jeopardize residents’ ability to get federally subsidized insurance. The village owned by 75-year-old Jack McGowan includes …

Looming Flood Insurance Rate Hikes Worry Galveston

Residents, business owners and officials in Galveston, Texas, are worried about the prospect of flood insurance premiums spiking due to recent changes in federal law. Legislation passed last year to eliminate the National Flood Insurance Program’s multibillion-dollar shortfall will result …

Billions in Flood Insurance Liability at Stake from Central Texas Storms

Central Texas is mopping up after strong storms dumped more than a foot of rain in some areas and many homeowners likely will be hoping they have flood insurance in place to cover the damage. The National Weather Service reported …

Flooding in Central, Southeast Texas Prompts Evacuations

A flash flood watch remains in effect for Central Texas counties today after torrential rains – up to 14 inches reported in some areas – flooded hundreds of homes overnight. Especially hard hit were southern Travis and northern Hays counties, …

For Some Sandy Victims, Flood Insurance Payouts Fall Short

Many homeowners who got slammed by Superstorm Sandy are finding their flood insurance checks are nowhere near large enough to cover their repairs, and consumer advocates put some of the blame on errors by the multitude of adjusters who were …

Study: Due to Rising Sea Levels, Small Storms Could Produce Significant Flooding

Almost a year after Superstorm Sandy, parts of New York and New Jersey are still recovering from billions of dollars in flood damage. And a new study says that in the future, storms smaller than Sandy may be able to …

Imperial Management Corp. Acquires National Automotive Insurance

Imperial Management Corp. (IMC) announced an agreement to purchase National Automotive Insurance Co. (NAIC) headquartered in Metairie, La. The transaction is pending approval of the Louisiana Department of Insurance and is expected to close the first week of November 2013. …