Flood Insurance News

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 …

Republican Flood Insurance Bill Gets Positive Initial Reception

A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase out most rate subsidies, tie coverage limits to the rate of inflation, vary the deductible by how subsidized the premium …

Spring Flooding Could Swell North Dakota Lake by 50 Square Miles

The cost of flood control in North Dakota’s Devils Lake region has surpassed $1 billion, but the worst could be yet to come this spring if forecast predictions of rises in the lake’s level prove accurate, cautions Paul Todhunter, University …

Mississippi Counties Oppose New Flood Insurance Maps

Two counties in the northeastern part of Mississippi are fighting flood zone designations on new maps that are part of a modernization program spearheaded by the Mississippi Emergency Management Agency. Officials in Itawamba and Monroe counties say the flood zone …

Poor Forecasting of Tennessee Flood Blamed on Bad Data

River forecasters for the National Weather Service underestimated the flood level that a major river would reach during Nashville’s fatal May floods because they relied on inaccurate data from the U.S. Army Corps of Engineers, the service concluded in a …

Consensus: Consumer Education Needed to Reduce Disaster Losses

With more than 50 percent of the country’s population living in coastal counties, there is an urgent and extensive need to convince consumers to adopt a long-term view of catastrophic risk. That is the conclusion of a symposium organized by …

How to Fix Nation’s Flood Insurance Program

The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance program. The National Association of Mutual Insurance Companies (NAMIC) has offered a set of reform proposals designed to improve the …

Test Your 2010 Insurance News IQ: 25 Questions

Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. …