Federal Reserve Fines Alabama Bank $3M for Flood Insurance Monitoring Issues August 24, 2023 By Insurance Journal Staff Reports The Federal Reserve Board has fined Regions Bank, based in Birmingham, Alabama, almost $3 million for failing to ensure that...
Private Flood Insurers See Opportunity as NFIP Increases Rates August 21, 2023 While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the...
Mayfield, Kentucky, Hit by Floods 18 Months After Devastating Tornado July 20, 2023 By Staff and Wire Reports Parts of Kentucky cannot seem to catch a break from extreme weather events. Some 18 months after a powerful tornado...
Senator Says DeSantis’ Veto of Flood, Other Projects is Political Retaliation June 21, 2023 Florida Gov. Ron DeSantis has vetoed flood-control and other measures in central and west Florida and at least one Republican...
FEMA Releases New Flood Insurance Rates by ZIP Code. Brace for Impact. May 8, 2023 By William Rabb When the Federal Emergency Management Agency unveiled its new Risk Rating 2.0 methodology for calculating flood insurance, advocates and critics...
2 Big Cannabis Insurance Providers Say Losses from California Storms Not as Bad as Feared January 27, 2023 By Don Jergler Just how big an impact the recent historic California storms had on the state’s cannabis industry is still coming into...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best November 28, 2022 By Chad Hemenway Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and...
FEMA Projects $3.5-$5.3B NFIP Losses for Hurricane Ian November 14, 2022 n Friday, the Federal Emergency Management Agency announced an initial estimate of Hurricane Ian losses for the National Flood Insurance...
National Flood Insurance Program Extended to Mid-December October 3, 2022 Late last week President Joe Biden signed legislation passed by Congress to extend the National Flood Insurance Program’s authorization to...
FEMA Contractors Not Liable for Misrepresentations About Flood Risk May 3, 2022 By Jim Sams The North Fork of the White River in southern Missouri is a nationally known fly-fishing destination, teeming with brown and...