The U.S. Senate has passed a measure to extend the federal flood insurance program until Dec. 31, 2010. The Senate-approved extension is a provision in a bill, American Workers, State, and Business Relief Act of 2010 (H.R. 4213), which extends …
Representatives of riverside communities in Montana say looming federal requirements that they upgrade or certify local levee systems could overwhelm small town budgets. Homeowners in areas that don’t meet the requirements would see flood insurance rates increase. The government is …
Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information Institute. “Many states on the Atlantic seaboard were hit with …
The Natural Catastrophe Insurance Program (NCIP), available at www.CatCoverage.com, says it is providing an online alternative to the National Flood Insurance Program for agents, brokers and property owners. This Web-based program offers primary layer insurance for the perils of landslides, …
Two House subcommittees have scheduled a joint hearing today on ways to address homeowners insurance costs in disaster-prone communities, an issue that has some environmentalists, taxpayer groups and insurers standing together. Testimony at today’s hearing will revisit the Homeowners Defense …
Salina, Kan., city officials said that the Federal Emergency Management Agency’s new floodplain map is just plain wrong and they will consider appealing the floodplain maps for the south part of town. Most of the concern regarding the remapping is …
The Association of Bermuda Insurers and Reinsurers (ABIR) has filed an opposition to HR 2555 which, the Association warns would “replace private sector risk bearing capital with government reinsurance and government guarantees of state debt.” In a letter addressed to …
The Washington State Senate has approved a flood insurance bill that would allow the insurance commissioner to create a market assistance plan and, if necessary, a joint underwriting association if the flood insurance market in state’s Green River Valley collapses. …
The U.S. Senate last night passed legislation that includes an extension of the federal flood insurance program until March 28. President Obama has signed the measure. The extension means that the National Flood Insurance Program (NFIP), which has been unable …
The Senate last week failed to vote on bills to extend several federal programs including jobless benefits, COBRA subsidies, transportation project funding and flood insurance before these programs expired Feb. 28. A single senator, Jim Bunning, R-Ky., has derailed final …
