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 …
With the first big rain storm of the year bearing down on Northern California, the California Department of Insurance has put out an advisory to the public to check their homeowners insurance and to look into whether they need flood …
Let’s turn the tables this issue and instead of regurgitating our own or somebody else’s opinion, let’s take a look at yours. Insurance Journal carries a regular poll on its Web site. We ask questions on agency management, markets, the …
The federal government is overpaying private insurance companies that manage flood insurance policies by as much as 16.5 percent, according to a new government report. To just six of the 87 participating carriers, the Federal Emergency Management Agency (FEMA) paid …
Government minimum flood elevation requirements for properties vulnerable to storm surge throughout the Gulf Coast region are “woefully inadequate,” according to a new study of property damage caused by Hurricane Ike, which struck the Bolivar Peninsula near Galveston, Texas, on …
The U.S. Senate passed a temporary extension of the National Flood Insurance Program (NFIP) and President Barack Obama signed the legislation into law just few hours before the program was set to expire yesterday. The NFIP extension was passed as …
Grand Forks County, N.D., residents are getting a look at a proposed new flood insurance rate map. Zoning administrator Bev Collings says it’s the first major change in the map since 1977. She says it’s long overdue. Officials asked for …
Insurance brokers say private companies won’t sell flood insurance in Kent, Renton, Auburn and Tukwila where the Corps of Engineers says Green River flooding is likely this winter. Federal insurance is still available but capped at $500,000 for a structure …
With the fall rainy season fast approaching, and a weakened dam in the region, Washington state Insurance Commissioner Mike Kreidler is urging property insurers to tell their customers in King County’s Green River Valley how to get flood insurance. State …
The federal government is overpaying private insurance companies that manage flood insurance policies by as much as 16.5 percent. To just six of the 87 participating carriers, the Federal Emergency Management Agency (FEMA) paid $327.1 million more than their actual …
