Flood Insurance News

Obama Administration White Paper Outlines Views on Insurance Sector

The U.S. Treasury department today issued a white paper entitled, Financial Regulatory Reform: A New Foundation. The following is an excerpt from the report on insurance: Enhance Oversight of the Insurance Sector Our legislation will propose the establishment of the …

Fidelity Recognizes Louisiana Agency’s Commitment to Flood Program

Three words, and his embodiment of the spirit they represent, earned owner, Richie Clements of Clements Insurance Services in Chalmette, La., a nomination for National Flood Insurance Program (NFIP) Agency of the Year by recently. While Clements did not win …

Central Oversight of Levees Needed, Arkansas Lawmakers Told

Arkansas is putting its residents and economy at risk by failing to adopt a centralized system for flood-levee oversight, the state’s lawmakers have been told. Representatives from the Arkansas Natural Resources Commission recently reported to members of the Legislative Joint …

Fidelity National Adds Cummings to Flood Insurance Team

Jacksonville, Fla.-based Fidelity National Property and Casualty Insurance Group has added Kay Cummings to its flood management team. Cummings brings 20 years of experience specializing in flood insurance to the nation’s largest provider of flood insurance through the Write Your …

Policy Translations Into Spanish Fraught with Potential Legal Issues

Warning: Errors or Omissions in Translating Can Invite Class Claims Against Insurance Providers A 2008 study by the Life and Health Insurance Foundation for Education found that Hispanics overwhelmingly consider it important to own life insurance, yet nearly half think …

Red River Valley Residents Encouraged To Purchase Flood Insurance

Federal officials are holding community meetings in the northern Red River Valley, N.D., to talk about flood protection. Federal Emergency Management Agency Insurance Specialist Norm Ashford says the idea is to get people thinking about insurance and protection while the …

Katrina Wind vs. Water Insurance Case Before Mississippi Supreme Court

A Texas-based insurer should not have to pay for hurricane damages to a Mississippi home caused by a combination of wind and water, company attorneys told the Mississippi Supreme Court this week. Greg Copeland of Jackson, attorney for United Services …

AIU’s Private Client Select Product Customizes Coverages for Affluent

Private Client Group, a division of AIU Holdings, has introduced Private Client Select, an insurance offering designed specifically for affluent individuals who qualify for Private Client Group’s traditional property/casualty insurance program, but whose complex needs require protection not readily available …

Declarations

10 Years “Unless there’s some Einstein out there that knows something none of us do, the prevailing thought among the researchers is that a good 24-hour forecast of intensity change is a goal, a stretch goal, that might be attainable …

Declarations

National Producer Licensing Need “Throughout the current financial crisis, the state insurance regulatory system continues to show how well it protects both individual consumers and businesses. Although the system has worked effectively to ensure insurer solvency and look after policyholders, …