The Texas Department of Insurance announced that Capitol County Mutual Fire Insurance Company has notified policyholders that their industrial fire insurance coverage will end effective with the policy monthly anniversary date in May 2009. TDI fined Capitol County for bad …
$72 Million Fine to be paid by General Re Corp., to settle investor claims about its role in a fraudulent transaction involving American International Group Inc. The case centered on a transaction that investigators say allowed AIG to improperly boost …
GAO compared the number of NFIP policies in a given area, as of September 2006, with the total number of county flood declarations from January 1980 to June 2008, cumulative flood claims payments from January 1978 to April 2008, and …
But Selling More Policies in These Communities at Subsidized Premiums Could Sink Federal Program There are a number of communities across the country where more flood insurance policies should be sold given their populations and flood risk. They include dozens …
You May Not Know What You Think You Know About Flood Insurance Claims When dealing with claims under flood insurance policies, you may be surprised that many things you think you know are wrong, and, particularly for insureds, many things …
It’s rainy season, meaning there’s an increased risk for flooding. Since 1996, Oregon and Washington have had 18 federally declared flood disasters due to heavy rains, cresting rivers, backed-up storm drains and saturated ground. Hundreds of homes and businesses were …
The U.S. Senate delayed action last night on a federal omnibus bill that provides funding to most of the federal government, including the nation’s federal flood insurance program that expires today. However, lawmakers are expected to vote today to extend …
The U.S. Senate passed a five-day extension to the National Flood Insurance Program (NFIP) by voice vote this afternoon after lawmakers delayed action Thursday night on the federal omnibus bill which would have extended the NFIP through the fiscal year. …
The U.S. Senate has yet to approve a measure extending the nation’s flood insurance program, which expires tomorrow. While the U.S. House of Representatives passed an extension to the National Flood Insurance Program (NFIP) through September 2009 under the omnibus …
Seattle-based Torrent Technologies Inc. has created a new subsidiary, Torrent Insurance Services LLC, to be based in Kalispell, Mont. In conjunction with TIS, the company has created another subsidiary, Torrent Government Contracting Services LLC, based outside of Washington, D.C. TIS …
