Steep rate increases for flood insurance are hitting homeowners and businesses across south Louisiana, and state officials and business leaders warn the increases could severely damage local economies. Despite the calls for alarm, Gov. Bobby Jindal has largely stayed quiet …
Central Texas is mopping up after strong storms dumped more than a foot of rain in some areas and many homeowners likely will be hoping they have flood insurance in place to cover the damage. The National Weather Service reported …
The threat of looming flood insurance hikes has many in Galveston, Texas, worried that they may be forced off the Gulf Coast. Federal law passed last year to eliminate the National Flood Insurance Program’s multibillion-dollar shortfall will result in higher …
A bipartisan group of lawmakers is pressing for a four-year delay to changes to the federal government’s flood insurance program that are threatening to sock thousands of people with unaffordable premium hikes. The move comes as the government is beginning …
Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the areas at risk, …
Twenty-four U.S. senators, including both from Mississippi and both from Louisiana, have signed a letter saying they want “immediate relief” for people facing steep rate increases for coverage in the National Flood Insurance Program. The letter was sent Friday to …
When Colin and Joyce Elston bought their Florida dream home in May, they were confident they could afford the three-bedroom, two-bathroom ranch with a pool and a backyard overlooking the Intracoastal Waterway. Now they are not so sure. The retirees …
Federal Emergency Management Agency says more than 100 Bowers Beach property owners may have to pay more for flood insurance and could lose coverage if the Delaware town doesn’t fix longstanding deficiencies in its program. FEMA announced Thursday that the …
The man who oversees the National Flood Insurance Program is visiting Louisiana for a tour of the state’s flood protection infrastructure as members of the congressional delegation fight the possibility of skyrocketing flood insurance premiums. At issue as David Miller …
The National Oceanic and Atmospheric Administration (NOAA) believes the 2013 hurricane season will be a busy one. Fortunately, insurers have the resources to cover the damages this year’s windstorms may cause to their policyholders, according to the Insurance Information Institute …