Flood Insurance News

It Figures

6.8% The overall average rate cut that Florida workers’ compensation insurers are recommending and which state officials said would save employers more than $166 million. If approved, the rate decrease would be the seventh consecutive decline since 2003. 45% The …

Some Texas Windstorm Policyholders Must Buy Flood Coverage

Some property owners in Texas coastal counties that seek wind insurance coverage from the Texas Windstorm Insurance Association will be required to buy flood insurance equal to at least 90 percent of the property’s value, or the maximum available from …

Numbers Tell of Reconstruction of Mississippi Since Hurricane Katrina

August 29 will mark four years since Hurricane Katrina pummeled Mississippi. Since then, the Federal Emergency Management Agency (FEMA), in partnership with the Mississippi Emergency Management Agency and other state and local governments and organizations, has helped the state rebuild. …

South Carolina Flood Insurance Premiums, Deductibles Rising

Flood insurance premiums and deductibles are increasing by about 8 percent for thousands of homeowners across South Carolina. The National Flood Insurance Program is raising monthly premiums and doubling deductibles beginning Oct. 1. At the end of April, almost 201,000 …

Houston-Galveston Officials Say Proposed Recovery Plan Is Unfair

Officials from the Houston-Galveston area have said that a state proposal that would reduce the share of federal disaster recovery funds that the region would receive is unfair. Hurricane Ike devastated the Galveston area last Sept. 13. City Manager Steve …

Training Service Staff to Help Boost Agency Revenue

Refocus CSRs to Roles Where They Fully Engage Customers Thanks to automation advances, insurance agency tasks that took hours can be done in a matter of minutes. Multiple data entry and one-by-one Web site visits have been replaced by management …

Iowa Residents to Get Guidance on Flood Insurance, Assistance

The Rebuild Iowa Office plans to help residents wade through information about recovery programs available for those affected by last year’s devastating floods. Officials from the Iowa Finance Authority, Department of Economic Development and National Flood Insurance Program will attend …

Maine Officials Say Flood Map Would Hurt Harbor

Officials in Portland, Maine say a new flood insurance map of the city harbor being prepared by federal officials would limit development options on all the city’s piers. Portland City Planning Director Penny St. Louis Littell says the map by …

Agents, Meteorologists Gear Up for Annual Texas Hurricane Tour

For the fourth year in a row insurance spokesmen will team with meteorologists from the National Weather Service and independent insurance agents to warn Texas coastal residents of the potential dangers of hurricanes. This year’s message is “What We Learned …

Environmental Groups Sue FEMA Over Oregon Flood Maps

The Audubon Society of Portland has filed a lawsuit against the Federal Emergency Management Agency for failing to ensure that its remapping of flood zones for the National Flood Insurance Program does not jeopardize endangered salmon in Oregon or destroy …