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 …
Flood Insurance Program Back in Business Until Sept. 30
The U.S. Senate last night approved a temporary reauthorization of the federal flood insurance program until Sept. 30. The reauthorization of the National Flood Insurance Program (NFIP) is retroactive to June 1, the date the program was halted. The unanimous …
If Today’s Bid Fails, Next Likely Vote to Restart Flood Insurance: July 12
The future of the National Flood Insurance Program (NFIP) remains in limbo even as Hurricane Alex makes its way to the Texas coast today. Washington lobbyists say a vote could come today but if that doesn’t happen it could be …
Surplus Line Association of Wash. Administers Flood Insurance Program
Washington State Insurance Commissioner Mike Kreidler and more than two dozen insurance companies have launched a new program to help Green River Valley businesses struggling to find flood coverage. The “Washington Flood Market Assistance Plan” will act as a matchmaker, …
As Alex Looms, Texans Wait for Decision on Flood Insurance
With Tropical Storm Alex skirting the east coast of Mexico and heading north, if residents along the Texas Gulf Coast are thinking it’s a good time to purchase flood insurance from the National Flood Insurance Program (NFIP) they are out …
FEMA: Arkansas, Other Delta States Need Time to Review Flood Map
After facing strong opposition during a public meeting in Arkansas, a top federal official wants to give cities and towns in the Mississippi Delta more time to review maps that outline where flood insurance would be required. Craig Fugate, administrator …
House Passes Flood Insurance Extension; Senate Must Still Vote
The House of Representatives has passed another temporary extension of the National Flood Insurance Program until Sept. 30, 2010. The program has been suspended from issuing new policies since May 31. Reauthorization provisions have been embedded in controversial legislation on …
State Farm Won’t Add New Flood Policies but Agents Will Still Sell Them
State Farm Insurance Co. has decided to discontinue writing new flood insurance policies with the National Flood Insurance Program but the company says it will still service existing policies, and State Farm agents will continue to sell flood coverage through …
People
U.S. Risk Insurance Group Inc. named Julie Sylim a vice president and branch manager for the company’s Oakland, Calif., office. Julie has more than 20 years of insurance experience, most recently in the wholesale arena. She previously was the underwriting …
West Indiana Levee Creates Flood Insurance Dilemma
Owners of nearly 800 properties in a western Indiana town could be forced to buy flood insurance unless the town can provide federal officials proof that its levee system will provide protection. The Federal Emergency Management Agency plans to end …
