The National Flood Insurance Program has paid more than 800 claims totaling more than $31 million to property owners in Rhode Island after Superstorm Sandy. The Providence Journal reports that the federal program also rejected about 200 claims. The total …
Sen. Mary Landrieu filed legislation this week to delay flood insurance increases for many residents and businesses in southern Louisiana that officials fear could begin skyrocketing at the end of the year. The National Flood Insurance Program reauthorization was approved …
More than four in five Americans (81 percent) know that a standard homeowner’s insurance policy doesn’t cover flood damage, according to new research from Bankrate.com. However, a similarly vast majority have not acted upon this key information. A 2012 poll …
The Oklahoma Department of Insurance says flood insurance administered by the National Flood Insurance Program is set to increase rates for new and renewal policies effective Oct. 1. Flood insurance is offered to homeowners, renters and business owners to protect …
Three Democratic members of Congress from Connecticut, New Jersey and New York are voicing concerns about automatic federal budget cuts that will trim federal Superstorm Sandy aid. In a conference call Friday, Connecticut Rep. Rosa DeLauro said last week’s cuts …
Louisiana property owners with flood insurance policies whose homes or other structures were damaged during Hurricane Isaac have an additional 60 days to file claims for their flood-related losses. Policy owners now have until April 22 to complete their proof …
The 15 insurers participatin in the National Flood Insurance Program that are handling at least 1,000 claims related to Sandy, the progress they have made in closing claims, and the money they have paid out to date: Company Claims Percent …
Up and down the Atlantic coast, people are telling horror stories about how long it has taken to get an insurance check for flood damage caused by Superstorm Sandy. Nearly 40 percent are still waiting for the final settlements they …
Hurricane Sandy is said to be the most damaging hurricane recorded in U. S. history. There appears, however, to be some dispute as to whether Hurricane Katrina holds that dubious honor. The cost of the storm, estimated by private firms …
A mandate prescribed by the Biggert-Waters Flood Insurance Reform law is a major challenge for a federal weather agency, an executive of NOAA revealed at an insurance conference last week. Edward Johnson, director of strategic planning and policy for the …