Flood Insurance News

Oahu Property Owners Urged to Buy Flood Insurance

Emergency management officials are urging Oahu property owners to buy flood insurance at current rates before new flood maps — and resulting higher prices — kick in next month. The Federal Emergency Management Agency says new National Flood Insurance Program …

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 …

2010’s Top Insurance Stories in the West

In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up, said Kevin Baker of San Jose, Calif.-based Suhr …

Insurance Vital to Alabama Coast Long-Term Plan, Says Commission

Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover from any future …

Fact or Fiction? Insurance Tidbits of Known and Little-Known Information

Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are just a few …

Insurance Industry Outlook Improving, Slightly

The insurance industry is recovering from the economic crisis, but profits are nowhere near where they were prior to the crisis, and it will take California longer than other states to rebound, according to an industry economist. The property/casualty insurance …

Four Plead Not Guilty in High Profile Insurance Fraud Case in R.I.

Four people pleaded not guilty last month in U.S. District Court in an alleged scheme to rip off an insurance company of nearly $50,000, including a former North Providence town councilman facing corruption charges in a separate case and a …

Talk About the Weather

Floods, Windstorms, Droughts, Heat Waves and Wildfires There was a time in the not-so-distant past when events such as these would have been considered somewhat unusual in Europe. But these days, extreme weather events are becoming a much more common …

Arizona County and FEMA Try to Fix Flood Map Errors

Arizona’s Mohave County Flood Control District is working with the Federal Emergency Management Agency to fix errors the county found in flood insurance maps. The district has been working with FEMA since 2004 to update previous maps completed in 1982. …

ABI Highlights Insurers’ Role in Helping Cumbria Flood Victims

One year ago a series of devastating floods hit Cumbria, the county on the west coast of England just below the Scottish border. Heavy rain caused extensive flooding in a number of towns A year later the area is beginning …