Flood Insurance News

Weather Pattern Behind Current Mississippi River Flood Similar to 1993

The flooding that has inundated low-lying communities and farmland for miles along the Upper and Lower Mississippi River is due to a large, slow-moving storm system that was spawned nearly a month ago. “The flooding began when a critical weather …

House Committee Passes Flood Insurance Extension, Reform Bill

As flood waters continued rising along the Mississippi River, a House committee yesterday unanimously approved bipartisan legislation to extend the federal flood insurance program for five years and introduce financial reforms of the debt-ridden program. The legislation (HR 1309) approved …

Insurers Fight Over Flood Policies Dropped by State Farm

Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began last year when State Farm dropped …

Insurers Fight Over Flood Insurance Policies Dropped by State Farm

Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began last year when State Farm dropped …

Illinois Insurance Dept. Issues Warning on Adjusters; Urges Flood Coverage

The Illinois Department of Insurance is warning homeowners about unsolicited offers of help from insurance adjusters after recent storms in southern Illinois. The agency says these unaffiliated adjusters claim they can get bigger settlements for homeowners from their insurance companies. …

Tennessee’s Opry Mills to Reopen; Suit Against Flood Insurers Goes On

Nearly one year after a historic flood ravaged Nashville and submerged the popular Opry Mill shopping mall, the mall said it will reopen in 2012. This will happen despite the fact the property owner, Simon Property, is still in court …

House Flood Insurance Reform Bill Wins Bipartisan Support

A House subcommittee yesterday approved a bipartisan bill to reauthorize and reform the nation’s flood insurance program. The 10 Republicans and eight Democrats on the Insurance, Housing and Community Opportunity Subcommittee approved the bill on a voice vote. The legislation …

Flood Insurance Reformers to Hold Second Hearing

The House subcommittee preparing a flood insurance reform measure will have its second hearing on April 1 to hear testimony from Federal Emergency Management Agency (FEMA) Administrator Craig Fugate. Fugate was unable to be at the first hearing on March …

North Carolina Researchers Track Risk from Rising Sea Level

Laid back beach communities, fragile wetlands perfect for canoeing or kayaking, and iconic lighthouses come to mind when picturing North Carolina’s coast. In reality change is the norm along the coast, and although nothing is certain, a warming climate could …

North Dakota Flood Insurance Policies Down Slightly

The number of flood insurance policies issued to North Dakota residents so far this year is down slightly from last year, despite predictions of high water and an emergency declaration request for about one-third of the state’s counties, federal officials …