Flood Insurance News

Texas Windstorm Insurance Assoc. Chief Favors Gradual Rate Hikes

The Texas Windstorm Insurance Association recently filed for 5 percent increases in both its residential and commercial rates, effective Jan. 1, 2011. While indications are those hikes won’t bring the rates for the state’s coastal insurer of last resort up …

2010 Education & Training Directory

Insurance Journal is pleased to publish the 2010 Education and Training Directory. This exclusive resource directory has been designed to help independent agents and brokers find educational and training opportunities to enhance their professional growth. Education and training providers, including …

3 Imaginative Approaches to Agency Marketing in the Entertainment Age

GEICO, State Farm, Progressive, e-surance and other major insurance marketers currently employ humor in their advertising. There’s GEICO’s prolonged use of the gecko, State Farm’s whyagent.com Web site, Progressive’s Flo and e-surance play acting some fictional internal friction. Today’s attitude …

3 Imaginative Approaches to Agency Marketing in the Entertainment Age

Agents Must Employ Creative Insurance Marketing … or Else GEICO, State Farm, Progressive, e-surance and other major insurance marketers currently employ humor in their advertising. There’s GEICO’s prolonged use of the gecko, State Farm’s whyagent.com Web site, Progressive’s Flo and …

Flood Program Must Consider Salmon and Whales

The federal government’s flood insurance program that had mostly been concerned with protecting homes and businesses must now protect salmon and killer whales. Federal fisheries experts have told the Federal Emergency Management Agency that — by underwriting thousands of flood …

New Mexico City Makes Sure Residents Able to Get Insurance

Farmington, N.M., city councilors have passed an ordinance that will keep residents eligible for flood insurance coverage backed by the federal government. The vote came less than a week after the northwestern New Mexico community was hit by heavy rain …

It Figures

Katrina 5 Years Later According to a new white paper from the Insurance Information Institute on the five-year anniversary of Hurricane Katrina, which made landfall in Louisiana on Aug. 29, 2005: $41.1 Billion The amount that private sector insurers paid …

The Economy and the Homeowners Market

How the Economy Turned Optional Coverages into Mandatory Enhancements Offering comprehensive homeowners coverage in today’s insurance market is not only good business, but a necessity. Insuring the property for full replacement cost is key. With the current economical impact on …

Obama Opposes Adding Wind Coverage to Federal Flood Insurance

The Obama Administration is again opposing a move to add wind insurance to the federal flood insurance program, as has been pushed by Rep. Gene Taylor, D.-Miss. A statement from the Office of Management and Budget says Taylor’s bill, HR …

It Figures

120 The number of days Congress extended the National Flood Insurance Program after leaving town and letting it expire on June 1. The latest temporary reauthorization is until Sept. 30 and retroactive to June 1. The NFIP should return to …