National Flood Insurance Program News

FBI in New Jersey Watching for Sandy Fraud

The FBI in New Jersey is watching to ensure that federal money meant to rebuild after Superstorm Sandy doesn’t find its way into the pockets of corrupt politicians or scam artists. The Federal Emergency Management Agency says $2.5 billion in …

Connecticut Homeowners Face Stark Choices After Sandy

Jackie Beagon loved her life along the Connecticut coast, where she and her husband walked to the beach and church and bicycled around the neighborhood. But Superstorm Sandy ripped it all apart, and the couple was forced to sell their …

N.J. Gov. Christie: Fed Flood Insurance Program ‘Awful’

New Jersey Gov. Chris Christie says federal flood insurance claims from Superstorm Sandy are being paid too slowly.Christie stepped up criticism of the federal program on Townsquare Media’s “Ask the Governor” program Wednesday.

Industry Group Testifies on Sandy Claims Handling Process in New York

An insurance industry association testified about insurers’ response to Superstorm Sandy and the lessons learned at a hearing Tuesday before the New York Assembly Standing Committee on Insurance. The American Insurance Association said the insurance industry’s performance in handling a …

New York Officials: Include Hudson Areas in Flood Study

New York officials are calling on the U.S. Army Corps of Engineers to include Hudson River communities in a $20 million study of flood-prone areas in the wake of Superstorm Sandy. Sen. Charles Schumer says local governments and groups like …

Statistics on Insurers Handling Sandy Flood Claims

The 15 insurers participating in the National Flood Insurance Program that are handling at least 1,000 claims related to Sandy, the progress they have made in closing claims, and the money they have paid out to date: Company Claims Percent …

FEMA Data Suggests Some Insurers Handling NFIP Claims Faster Than Others

Up and down the Atlantic coast, people are telling horror stories about how long it has taken to get an insurance check for flood damage caused by Superstorm Sandy. Nearly 40 percent are still waiting for the final settlements they …

N.J. Congressional Delegation Expresses Concern Over NFIP Claims

On Tuesday Feb. 12, New Jersey’s Congressional delegation sent a letter to Federal Emergency Management Agency Administrator W. Craig Fugate, expressing their concern over what the delegation described as “the backlog of claims” in the National Flood Insurance Program (NFIP). …

Insurer Reports Sandy Flood Claims Resolving Quickly

A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal Emergency Management Agency (FEMA), according to Jeff …

Marsh Enhances Access to National Flood Insurance Program

Marsh has enhanced its Flood Service Center (FSC) facility, which is dedicated to providing clients flood coverage and includes options through the National Flood Insurance Program (NFIP). In collaboration with Homesite Insurance in a fronting capacity and Torrent Technologies, an …