Flood Insurance News

Declarations

A Tremendous Asset “John Wortman has been a tremendous asset to Louisiana during our recovery from the catastrophic hurricanes of 2005. He came to Citizens in a time of great turmoil within the organization and worked tirelessly to set Citizens …

It Figures

6 Hours Global consumers spent more than six hours per month on social networks in March, more than twice the level a year earlier, according to The Nielsen Co. As more and more people join social networks, companies are increasingly …

Agents Applaud House Passage of Flood Insurance Program Extension

The U.S. House of Representatives has a measure extending the federal flood insurance program for five years. The bill, H.R. 5114, the “Flood Insurance Reform Priorities Act of 2010,” sponsored by Rep. Maxine Waters (D-Calif.) and Rep. Barney Frank (D-Mass.), …

Lawsuit in Florida Targets Flood Insurance As Danger to Sea Turtles

The National Wildife Federation claims in a lawsuit that the Federal Emergency Management Agency’s flood insurance program is hurting sea turtles by spurring coastal development. The lawsuit filed in Miami federal court claims FEMA is violating the Endangered Species Act …

House May Vote on Federal Flood Insurance Extension Today

Insurers are urging the House of Representatives to pass legislation today that would extend the National Flood Insurance Program (NFIP) for five years. The measure, HR 5114, the “Flood Insurance Reform and Priorities Act of 2010”, sponsored by Representative Maxine …

Few Iowa Communities Join Flood Insurance Program

Officials say just 18 cities and counties in Iowa have enrolled in the National Flood Insurance Program since the floods of 2008. Those that participate must agree to adopt and enforce flood plain management ordinances to reduce future flood damage. …

Actuarially Sound Property Rates Remain Elusive Along Texas Coast

Insurance company interests have long complained that the state-backed Texas Windstorm Insurance Association charges rates that are not actuarially sound for the risks it insures, making it impossible for private insurers to compete for business in the areas TWIA serves. …

Congress’s inability to act leaves many in flood prone areas vulnerable – for the second time this year and the fourth in 12 months’ time. When it rains it pours, as the saying goes. By extension, one could say that …

Midwest States Grapple with Levee Problems, Flood Insurance

A group scrambling to upgrade Mississippi River levees in southwestern Illinois before new floodplain maps potentially raise insurance costs said it can make the fixes for $160 million to $170 million – and pay for it with sales taxes and …

Coastal Trends

As the hurricane season gains momentum, a new U.S. Census Bureau report, Coastline Population Trends in the United States: 1960 to 2008, helps put into perspective the number of Americans living along the coast who could be affected by storms …