The city of Cedar Falls, Iowa, has approved a new ordinance expanding the number of residents who have to get flood insurance. The approved ordinance takes effect Jan. 1. It says that everyone living in the 500-year flood plain, instead …
With a recent check showing that fewer than 1 in 4 of the buildings in the Green River flood plain have federal flood insurance, state Insurance Commissioner Mike Kreidler is strongly urging more owners and renters to buy flood coverage …
Aon, Carpenter Moore Global insurance broker Aon Corp. has agreed to acquire Carpenter Moore Insurance Services, Inc., a provider of executive liability risk management services and a wholly owned subsidiary of The NASDAQ OMX Group, Inc. Financial terms of the …
White Paper Approved at Fall Meeting with Near-Unanimous Vote The private insurance industry alone ‘cannot be expected to provide comprehensive catastrophe coverage without adequate financial backstops for the most extreme events.’ Although it may seem like the debate over the …
Congress has again temporarily extended the federal flood insurance program, this time until Dec. 18, 2009. The latest extension was approved by the House and Senate as part of an appropriations bill for the Department of the Interior. Without the …
Mindful that the suburban West Bank of New Orleans has regained its pre-Hurricane Katrina population and is primed for growth, the Army Corps of Engineers is launching a $1 billion effort to keep the next storm at bay. The new …
The Federal Emergency Management Agency (FEMA) has published draft flood risk maps of communities in Caldwell County, Texas. The maps will help county officials and local residents identify known flood risks and will be used for insurance and development decisions. …
More Than Bargained For “Has the women’s rights movement caused women to be equal in more senses than they bargained for? Still, it may not be that women are drinking more; it may be that it’s coming to the attention …
Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …
White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the …
