A Florida couple who fled their dream home because of foul-smelling, ruinous Chinese drywall was awarded $2.4 million in damages in America’s first jury trial over the defective wallboard that could have legal ramifications for thousands of similar cases. The …
As the hurricane season gains momentum, a new U.S. Census Bureau report, Coastline Population Trends in the United States: 1960 to 2008, helps put into perspective the number of Americans living along the coast who could be affected by storms …
Congress’s inability to act leaves many in flood prone areas vulnerable – for the second time this year and the fourth in 12 months’ time. When it rains it pours, as the saying goes. By extension, one could say that …
All sixteen members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF – www.ccrif.org) have renewed their policies for hurricane and earthquake coverage for the 2010/11 year beginning on June first, the start of the hurricane season. The National Oceanic and …
A new report from Willis Re, the reinsurance broking arm of Willis Group Holdings, has concluded that “losses from the Chile earthquake and storms in Australia in the first quarter of 2010 have had little impact on pricing in the …
The U.S. Senate last night approved a temporary reauthorization of the federal flood insurance program until Sept. 30. The reauthorization of the National Flood Insurance Program (NFIP) is retroactive to June 1, the date the program was halted. The unanimous …
Hurricane Alex strengthened in the Gulf of Mexico early Wednesday and was expected to make landfall later in the day but skirt Mexican oil rigs and U.S. oil fields, alleviating concerns in crude markets. The first named storm of the …
The future of the National Flood Insurance Program (NFIP) remains in limbo even as Hurricane Alex makes its way to the Texas coast today. Washington lobbyists say a vote could come today but if that doesn’t happen it could be …
Alex, the hurricane season’s first named tropical storm, reached that level on Friday, but weakened as it moved across the coast of Belize and El Salvador and over Mexico’s Yucatan Peninsula. Two people were reported to have been swept away …
With Tropical Storm Alex skirting the east coast of Mexico and heading north, if residents along the Texas Gulf Coast are thinking it’s a good time to purchase flood insurance from the National Flood Insurance Program (NFIP) they are out …
