New data analysis released by CoreLogic indicates that in the Orleans Parish, which encompasses the city of New Orleans, nearly 60,000 homes with a reconstruction cost value of more than $12 billion will no longer be located in a designated …
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 …
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 …
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. …
Call 2015 the year of hurricane anniversary coincidence in Louisiana. Besides marking the 10th anniversary of the devastating hurricanes Katrina and Rita, this year is the 100th anniversary of a deadly storm that struck in 1915, the 50th anniversary of …
Munich Reinsurance America, Inc. announces a new personal lines inland flood insurance product designed to provide more options for homeowners in low-to-moderate-hazard flood zones. According to the National Flood Insurance Program (NFIP), flood is the most common natural disaster in …
The Federal Emergency Management Agency said Friday it has begun reviewing flood insurance claims of Superstorm Sandy victims, some of whom have said their damages were underestimated. FEMA said in a statement the agency is mailing letters to about 142,000 …
A task force will begin work next week with the Federal Emergency Management Agency’s national flood insurance program to examine problems that arose after Superstorm Sandy and to develop recommendations to correct them. U.S. Sens. Bob Menendez and Cory Booker, …
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 – …
A group responsible for managing Oklahoma’s floodplains says bills moving through the Legislature that prohibit cities from regulating oil and natural gas drilling operations could prevent the state from participating in the National Flood Insurance Program. The Oklahoma Floodplain Managers …