Flood Insurance News

Washington Implements Flood Insurance Coverage Law

Washington Gov. Chris Gregoire has signed Senate Bill 5417, an act relating to flood insurance coverage. According to the law, “every insurer issuing a homeowner, condominium unit owner, residential tenant and residential fire insurance policy that does not cover damage …

Consumer Advocates Wary of Federal Insurance Regulation Plans

Some of the nation’s insurance consumer advocates are wary of current proposals for federal regulation of insurance being passed around in Washington. They prefer taking their chances with an imperfect state regulatory system over what they fear would likely emerge …

Project Means More Oregon Residents May Need Flood Insurance

Federal officials say more of North Bend, Ore., is at risk of flooding than previously thought, meaning more property owners may have to buy flood insurance or pay more if they already have it. The Oregon Department of Geology and …

Pueblo, Colorado’s Flood Maps Could Change

Federal authorities may update flood plain maps in Pueblo, Colo., a revision that could require more areas to obtain flood insurance. The Federal Emergency Management Agency is reconsidering decades-old maps of flood plains in the southern Colorado city. The agency …

Tornadoes Give Mo. Businesses Insurance, Record-Keeping Lessons

Businesses in Southwest Missouri learned a lot about insurance, record-keeping and personal safety from tornadoes that tore through the area last spring. In many ways, walking into Bill Lant’s feed store in Seneca, Mo., is like walking back in time. …

Home-Elevation Grants Increased to $100,000 in Louisiana

Louisiana officials say they will let applicants for a federal home-elevation grant program collect as much as $100,000 for raising their houses above base flood levels, rather than the $30,000 cap the state originally imposed. Paul Rainwater, executive director of …

It Figures

225 The weight of a 61-year-old Bloomfield Hills, Mich., man who is suing his former employer, claiming he was fired from a $75,000-a-year salesman’s job because of his waistline. The employer says Patrick J. Ronayne was let go because of …

Liaisons Highlight Consumer Insurance Concerns

Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in …

Cedar Rapids, Iowa, to Buy $25M in Flood Insurance for 2009

The Cedar Rapids, Iowa, City Council has voted to buy $25 million of flood insurance. The coverage, through the National Flood Insurance Program, would pay to clean up any buildings damaged by last summer’s flood if they flood again this …

Few in Flood Zone Have Insurance

As North Dakota’s Red River crept within view of their backyard this past week, Denette and Billy Narum had an extra incentive to pray their sandbags held. Like most people in the path of potential floods, they have no flood …