Flood Insurance News

Bingaman Introduces Post-Fire Flood Legislation

New Mexico’s two U.S. senators are pushing legislation that would make it easier for residents affected by wildfires on federal lands to take advantage of flood insurance administered by the Federal Emergency Management Agency. Sen. Jeff Bingaman introduced the measure …

This is it: Senate Flood Insurance Bill Vote Coming Up

It’s almost time. After seventeen (count ’em–17) short-term extensions, almost a half dozen lapses in the program, and tons of political wrangling, a flood insurance reform bill–a real one–is going to come to the Senate floor as soon as tomorrow. …

PURE Introduces Flood Insurance Product for High-Value Homeowners

As Hurricane Season begins, Privilege Underwriters Reciprocal Exchange (PURE) has launched a flood coverage suite to owners of well-built, high-value homes across most of the United States. PURE Flood Solutions is a customizable offering that allows PURE members (policyholders) to …

Philadelphia Insurance Launches Commercial Flood Protection

Philadelphia Insurance Cos. has introduced a new commercial primary flood insurance product designed to be an alternative to businesses enrolled in the National Flood Insurance Program (NFIP). There are a vast number of flood-related risks, many of which are unique …

Officials: Louisiana Pump Station Work Will Help Protect From Floods

Lafourche Parish, La., officials say the repair of two pumping stations in the Raceland area will help protect against flooding. The parish will be rebuilding the Cyprien Pump Station, which services the low-lying area south of La. Highway 1 and …

Zurich, SWBC to Offer Excess Flood Insurance

Zurich has announced that SWBC, a diversified financial services company, will be a program administer writing excess flood policies for Zurich in all 50 states. The policies will provide coverage above the National Flood Insurance Program (NFIP) and will cover …

Louisiana’s Sen. Vitter Pushes to Extend Flood Insurance Program

U.S. Sen. David Vitter is pushing for a long-term extension of the National Flood Insurance Program. The Louisiana Republican wants to stop extending the program with short-term extensions. The insurance program, which provides help for people who are flooded, hasn’t …

New Law May Limit Participation in Flood Program in Florida

A bill recently passed by Florida lawmakers could hinder the ability of some communities to participate in the federally funded flood insurance program, federal officials say. The Federal Emergency Management Agency recently wrote a letter to Gov. Rick Scott detailing …

FEMA to Agents: Stop Using Commission Rebates to Solicit Business

Federal emergency officials are calling on insurance agents to stop offering clients a cut of the agent’s commission if the client agrees to purchase a flood policy. The Federal Emergency Management Agency is taking aim at so-called “commission rebating.” It …

New York County Hosts Open House for Last Year’s Flood Victims

Broome County Executive Debbie Preston in New York recently hosted an open house to help local residents who are still suffering from last year’s flooding. The event was held at the Binghamton University campus, State University of New York, on …