federal flood insurance News

FEMA: Federal Support for Rhode Island Sandy Recovery Exceeds $39M

The Federal Emergency Management Agency said Tuesday that more than $39.4 million in support from four federal disaster relief programs is helping Rhode Island recover from Superstorm Sandy’s effects.FEMA said the majority of the support is from the National Flood …

A New Threat for Hardest-Hit Sandy Victims: Soaring Flood Insurance Costs

George Kasimos has almost finished repairing flood damage to his waterfront home in New Jersey, but his Superstorm Sandy nightmare is far from over. Like thousands of others in the hardest-hit coastal stretches of New Jersey and New York, his …

FEMA Publishes Latest Data on New Jersey’s Sandy Recovery

The Federal Emergency Management Agency this week released its latest figures regarding Superstorm Sandy disaster assistance and recovery in New Jersey — including the National Flood Insurance Program claims payments made so far for New Jersey residents. The numbers are …

Flood Insurance Policyholders Told to Expect Big Premium Hikes

The head of the Federal Emergency Management Agency said people who buy federal flood insurance need to plan for big rate hikes. FEMA director Craig Fugate said some people now paying hundreds of dollars a year could wind up paying …

N.J. Poll: Rules Needed for Rebuilding After Superstorm

A new poll finds most New Jersey voters surveyed believe the state should impose specific rules on property owners who are rebuilding after Superstorm Sandy.The Fairleigh Dickinson-PublicMind poll from March 19 found that 64 percent of respondents believe property owners …

Penn. Regulators Urge Consumers to Consider Buying Flood Insurance

The Pennsylvania Insurance Department is encouraging homeowners to consider buying flood insurance to help protect against potential spring floods. Winter ice and snow increases the chance of spring flooding, Pennsylvania regulators warned. Further, Pennsylvania is one of the most flood-prone …

Mainers Urged to Consider Flood Insurance

State officials are urging Mainers to consider buying flood insurance if their home or business is located close to a body of water. The Maine Floodplain Management Program says standard home- and business-owners’ insurance policies do not cover flood-related damages. …

Legislators Propose Stretching Out NFIP Rate Hike Timeline to Assist Sandy Victims

A group of U.S. representatives from New York is proposing a bill that would stretch out the National Flood Insurance Program’s premium increase timeline. On Monday, U.S. Reps. Michael G. Grimm (R-N.Y.), Gregory Meeks (D-N.Y.), Charles B. Rangel (D-N.Y.), Eliot …

Statistics on Insurers Handling Sandy Flood Claims

The 15 insurers participating 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 …

N.J. Gov. Christie Says Fed Flood Insurance Program Is a ‘Disgrace’

New Jersey Gov. Chris Christie said Tuesday the National Flood Insurance Program’s handling of claims in New Jersey has been “a disgrace,” complaining that the program has been far too slow to resolve claims from Superstorm Sandy, with 70 percent …