Aloha Insurance of Kailua-Kona, Hawaii, welcomes back flood expert Judy Moa, who recently returned from three months in Houston adjusting FEMA claims after Hurricane Ike. She was also involved in adjusting some of the Oahu and Kauai flood claims. Moa …
The nation’s lawyers who deal with insurance issues are developing policy recommendations designed to improve access to insurance coverage, reduce litigation over coverage and mitigate future losses involving natural catastrophes. Insurance lawyers of the American Bar Association (ABA) see inadequate …
The Federal Emergency Management Agency has announced it would allow mobile homes for hurricane victims in areas that new maps indicate are at risk of future flooding in Cameron Parish. But the occupants must be out of the units by …
Sioux Falls City Council members voted on Jan. 5 to issue bonds for a levee project, but they hope it’s included it the federal economic stimulus package. The $38 million will be used to finish raising the levees around the …
Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) and …
Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) …
“You always find out who’s been swimming naked when the tide goes out. We found out that Wall Street has been kind of a nudist beach.” —Warren Buffett on the credit crisis “As a strong supporter of free enterprise, I …
An estimated 340 Maui properties could be affected by plans by federal officials to revise maps of flood-prone areas. Such a change could force flood insurance rates to increase substantially. Carol Tyau-Beam, Hawaii coordinator for the National Flood Insurance Program, …
Premiums charged by the National Flood Insurance Program (NFIP) are inadequate to cover the risk and the program should re-examine its methods for setting rates, according to the U.S. Government Accountability Office (GAO). The 2005 hurricanes left the NFIP with …
More than 16,000 Oklahomans might have to pay higher premiums for flood insurance after a federal report recommended an overhaul of the program that determines rates for such coverage. The U.S. Government Accountability Office began looking into the issue after …
