flood insurance News

Colorado Flood Zones Could Expand, Raise Insurance Costs

New research shows floods like the one that ransacked northern Colorado two years ago, killing 10 people, might be more common than previously thought – and that could require more homeowners to get flood insurance and trigger more stringent construction …

New FEMA Maps Could Force Central Texas Residents to Buy Flood Insurance

Hundreds of Central Texas residents could be forced to buy flood insurance or face stricter building regulations for new structures nearly three months after deadly flooding, according to new Federal Emergency Management Agency advisory maps made public Friday. The maps, …

Iowa Homeowners Find it Hard to Sell Homes Dues to High Flood Insurance Rates

The high price of flood insurance can make it difficult for some Iowa residents to sell their homes. The Quad-City Times reports Duane Randleman has been trying to sell for a year-and-a-half and showed his house to more than 60 …

Millions Face Higher Flood Insurance Premiums

A $24 billion sea of red ink has millions of Americans in vulnerable flood zones, including homeowners still struggling to recover from Superstorm Sandy, facing steep increases in flood insurance premiums. New legislation that went into effect this month – …

FEMA Gives South Dakota County Ultimatum, Flood Insurance Rates Could Rise

More than 400 homeowners whose property lies along the Missouri River could end up paying a $50 surcharge on their flood insurance if county officials in southeast South Dakota do not meet a federal deadline. The Federal Emergency Management Agency …

FEMA Exec Tells ’60 Minutes’ He’s Seen Evidence of Fraudulent Reports

The head of Federal Emergency Management Agency’s (FEMA) flood insurance program acknowledged he has seen evidence of fraudulent engineering reports that may have been used to deny flood claims by Superstorm Sandy victims, according to CBS’s “60 Minutes” program that …

Hearing Held on Massachusett’s New Flood Insurance Law

The Massachusetts Division of Banks held a public informational hearing to get input on rules that require creditors to provide disclosures when a borrower is required to purchase flood insurance. The regulations were mandated under a new law that goes …

New Fargo Flood Plain Maps Means More Flood Insurance

More people will be required to buy flood insurance in Fargo, N.D., because of a change in flood plain maps. About 2,000 homes and businesses will need insurance when the new Federal Emergency Management Association map goes into effect in …

Indiana City Faces $2M Wabash River Levee Repairs

A southwestern Indiana city will need to spend more than $2 million to repair its Wabash River flood levees, although that is much less than officials previously projected. Vincennes officials say the repairs are needed before the levees can be …

Rhode Island Residents Want Grants to Elevate Homes

Some Rhode Island residents are seeking federal grant money to help pay for elevating their homes to reduce the risk of flooding – and avoid spikes in flood insurance rates. Seven homeowners in Barrington who want to elevate their homes …