flood insurance News

NFIP Buys $1M in Private Reinsurance, Plans More in 2017

The federal government has contracted with private reinsurers to improve the National Flood Insurance Program‘s claims paying ability and reduce the need for the NFIP to borrow from the U.S. Treasury to cover future claims. The Federal Emergency Management Agency …

Congress’ Help Expected to Aid Louisiana in Flood Recovery

Insurance payments and traditional federal aid programs won’t be enough to respond to the catastrophic flooding that ravaged tens of thousands of homes across south Louisiana, wrecking entire subdivisions and devastating entire cities. Louisiana, once again, will be asking Congress …

Homeowners, Businesses Ponder How to Deal With Flood Damage

With up to $150,000 in flood damage to his southeast Louisiana car repair shop and no flood insurance, Lap Nguyen wasn’t sure how he was going to repair his life. He’s spent the past few days cleaning out Gonzales Car …

Louisiana Floods Damage 40K Homes, Kill 10

At least 40,000 homes were damaged and 10 people killed in the historic Louisiana floods, the governor said Tuesday, giving a stark assessment of the widespread disaster. Gov. John Bel Edwards spoke at a news conference alongside FEMA administrator Craig …

Less Risk of New Orleans Flooding According to New FEMA Maps

New federal maps say New Orleans is much less vulnerable to flooding than it was before Hurricane Katrina struck more than 10 years ago. As a result, Mayor Mitch Landrieu says, half of the city’s properties will see a big …

Thousands of Louisiana, Mississippi Homes Damaged by Flooding

Widespread flooding in Louisiana and Mississippi has damaged thousands of homes, and the risk of rising water prompted additional evacuations Sunday. At least four deaths have been reported in Louisiana amid the flooding that began last week, and the National …

FEMA Reports Record Number of Flood Policies Purchased in California

Federal emergency officials reported Tuesday a surge in the number of California residents who have purchased flood insurance, most likely in response to a rainy El Nino winter. Officials with the Federal Emergency Management Agency said insurers have written more …

Arkansas in Top 5 States Located in 100 Year Flood Zones

Mike Borengasser said floodwaters can always find you. Borengasser, state climatologist with the Arkansas Natural Resources Commission, wasn’t trying to sow fear but, rather, knowledge about what the Federal Emergency Management Agency said is the nation’s most common natural disaster. …

Agencies Warn Americans to Stay Ahead of El Niño, Buy Flood Insurance

FEMA is encouraging families and communities to take steps now to prepare now for the threat of El Niño. Senior officials from the Federal Emergency Management Agency (FEMA) and the National Oceanic and Atmospheric Administration (NOAA) hosted an on the …

South Carolina Residents Wonder Who Will Pay to Fix Flood Damage

Two weeks ago, South Carolina’s floods sent 6 feet of water into Walt Oliver’s home. Now, after volunteers helped gut the ruined plaster, carpeting, duct work and hardwood floors, it’s “down to studs and subfloors,” he said. Like most residents …