Flood Insurance News

Senate Panel to Hear Extending Flood Insurance Program This Week

The National Flood Insurance Program (NFIP) is set to expire on Sept. 30, just as the 2010 Atlantic Hurricane Season reaches its height. The House has already passed an extension, while a Senate panel is slated to hear a bill …

Fewer Properties Expected in Flood Plain With South Dakota Project

A flood-control project in the works for more than 20 years should be completed next year, removing 1,500 properties from Sioux Falls, S.D.’s flood plain, a city official said. Once the flood-control measures are in place, probably by the end …

Post-Katrina Duties and Liabilities of Insurance Agents and Brokers

The Louisiana Supreme Court Weighs In Following Hurricane Katrina, many insurance agents and brokers were sued by customers who found they were underinsured for their losses caused by the hurricane. It is fair to say that most of those claims …

FEMA Delays Flood Map Rollout in SW Illinois

Property owners in southwestern Illinois who worry that new government floodplain maps will force them to buy expensive flood insurance are getting another break. The Federal Emergency Management Agency says it will delay implementing the new flood maps until the …

Gulf Hurricane Insurance Bill Unlikely to Pass, Again

In Pascagoula, Miss., on the Gulf Coast, agent Laverne Nelson has to get windstorm coverage for her personal property from the state wind pool. That is because in April her property insurer, MetLife, dropped her wind coverage. Before that, she …

Nashville Mall Sues for $150 Million in Flood Claims

The Opry Mills mall, closed since early May because of flooding, filed a lawsuit Tuesday against 17 insurance companies seeking at least $150 million in claims. The mall, on the site of the old Opryland USA theme park, said in …

Hermine Surprises Texas, Oklahoma with Extensive Flooding

Tropical Storm Hermine, which swept through Texas on Sept. 7 and into Oklahoma on Sept. 8, surprised forecasters by retaining tropical storm strength long after it was expected to decline. The storm resulted in extensive flooding, several funnel cloud sightings …

Marmarth, N.D., Dike Decertified by Feds

Federal officials have decertified a dike that for half a century has protected the southwest North Dakota town of Marmarth from flooding by the Little Missouri River. That means Marmarth will be mapped as a flood plain, and lenders might …

New South Dakota Flood-Control Project to Protect Properties

A flood-control project in the works for more than 20 years should be completed next year, removing 1,500 properties from Sioux Falls’ flood plain, a city official said. Once the flood-control measures are in place, probably by the end of …

North Carolina Commissioner Urges Preparation

With Hurricane Earl on a path to skim the barrier islands and the coast of North Carolina beginning this evening, state Insurance Commissioner Wayne Goodwin is reminding all North Carolinians to take precautions before the storm’s arrival. “Hurricanes can affect …