A group of U.S. representatives from New York is proposing a bill that would stretch out the National Flood Insurance Program’s premium increase timeline. On Monday, U.S. Reps. Michael G. Grimm (R-N.Y.), Gregory Meeks (D-N.Y.), Charles B. Rangel (D-N.Y.), Eliot …
It sounds like the premise for a new reality TV series: “Hurricane House” — people scouring waterside communities looking to buy homes damaged by Superstorm Sandy at a deep discount. While there are bargains out there, ranging from 10 percent …
The FBI in New Jersey is watching to ensure that federal money meant to rebuild after Superstorm Sandy doesn’t find its way into the pockets of corrupt politicians or scam artists. The Federal Emergency Management Agency says $2.5 billion in …
An insurance industry association testified about insurers’ response to Superstorm Sandy and the lessons learned at a hearing Tuesday before the New York Assembly Standing Committee on Insurance. The American Insurance Association said the insurance industry’s performance in handling a …
New York officials are calling on the U.S. Army Corps of Engineers to include Hudson River communities in a $20 million study of flood-prone areas in the wake of Superstorm Sandy. Sen. Charles Schumer says local governments and groups like …
Up and down the Atlantic coast, people are telling horror stories about how long it has taken to get an insurance check for flood damage caused by Superstorm Sandy. Nearly 40 percent are still waiting for the final settlements they …
On Tuesday Feb. 12, New Jersey’s Congressional delegation sent a letter to Federal Emergency Management Agency Administrator W. Craig Fugate, expressing their concern over what the delegation described as “the backlog of claims” in the National Flood Insurance Program (NFIP). …
A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal Emergency Management Agency (FEMA), according to Jeff …
Marsh has enhanced its Flood Service Center (FSC) facility, which is dedicated to providing clients flood coverage and includes options through the National Flood Insurance Program (NFIP). In collaboration with Homesite Insurance in a fronting capacity and Torrent Technologies, an …
First Fidelity Brokerage of New York has launched www.insureflood.com for homeowners and businesses to obtain flood insurance, as well as information about flood insurance. The site also has a link to estimate flood damage based on the height of the …
