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Flood Insurance News

Florida Approves New Homeowners, Inland Marine, Excess Flood Insurer

Universal Insurance Holdings, Inc., an insurance holding company, reports that Florida’s officials have approved its application to form a second property/ casualty insurance subsidiary to be named American Platinum Property and Casualty Insurance Co. The name initially filed was Infinity …

Sacramento Urges Residents to Buy Flood Insurance

Sacramento officials are encouraging residents who live in a flood-prone neighborhood to buy flood insurance. New federal flood maps that take effect today designate the region known as Natomas as a hazard zone. That means anyone with a federally backed …

Bright Spots and Challenges Go Hand in Hand in Louisiana

Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana Commissioner of Insurance Jim Donelon. The workers’ compensation …

Lower Las Cruces Flood Rating Helps Homeowners

Las Cruces, N.M., homeowners should save money on insurance now that the city’s flood rating has improved because of its efforts to mitigate the potential for flooding. City administrators learned from the Federal Emergency Management Agency that the city’s National …

What the 2008 Election Means for Independent Agents

With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the political guard, coupled with the recent …

What the 2008 Election Means for Independent Agents

With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the political guard, coupled with the recent …

What the 2008 Election Means for Independent Agents

With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the political guard, coupled with the recent …

Heavy Rainfall in California Wildfire Zones Could Lead to Landslides, Flooding

As heavy rainfall is forecasted for Southern California, particularly in areas recently ravaged by destructive wildfires, Insurance Commissioner Steve Poizner advised all Californians to check their coverage and evaluate their need for flood insurance. He also urged homeowners to review …

Successive Hurricanes: Potential Windfall for Insureds?

The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana coast on inland, although not to …

Few Washingtonians Have Flood Insurance

Washington Insurance Commissioner Mike Kreidler is warning consumers of the dangers of flooding in his state, and encouraging them to consider flood insurance. Despite the images of damage caused by last winter’s storm, less than 39,000 homeowners and businesses in …