Senate leaders have agreed to consider a provision designed to help settle wind versus water claims in a more timely and equitable manner as part of reauthorization of the federal flood insurance program. The provision’s sponsor, Sen. Roger Wicker, R.-Miss., …
Federal flood insurance has already paid out $43 million to help policyholders deal with the damage caused by flooding along the Missouri River even though the floodwaters haven’t fully receded. The Federal Emergency Management Agency said those payments went to …
As the water recedes from Hurricane Irene, lawyers are expecting disputes over insurance coverage to pour in. The biggest fights will stem from arguments over property damage and whether it resulted from wind or water, legal experts said. Similar questions …
The only thing worse than getting flooded out of your home once is getting flooded out of it twice. Or, for that matter, over and over again. Margaret Wert bought her Wayne, New Jersey house in 1999, relying on assurances …
Hurricane Irene caused between $200 million and $400 million in insured losses in the Carolinas, catastrophe modeling company EQECAT said Sunday, suggesting the storm may have been far less severe than the insurance industry feared. The bigger question, though, is …
The House of Representatives has approved a bipartisan bill to reauthorize the federal flood insurance program for five years and change some of its practices to improve its financial operations. The measure to renew and reform the National Flood Insurance …
Closing the federal flood insurance program would put millions of homeowners at risk and cost taxpayers billions of dollars, insurers are warning after a Republican lawmaker filed legislation to eliminate the federal program. “Eliminating the National Flood Insurance Program is …
As flood waters continued rising along the Mississippi River, a House committee yesterday unanimously approved bipartisan legislation to extend the federal flood insurance program for five years and introduce financial reforms of the debt-ridden program. The legislation (HR 1309) approved …
Marsh has been named a 2010 NFIP Insurance Agency of the Year by the Federal Emergency Management Agency’s National Flood Insurance Program (NFIP). Patrice Collingwood, practice leader for Marsh’s Flood Service Center, accepted the award on behalf of Marsh earlier …
Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began last year when State Farm dropped …
