federal flood insurance News

PIA, Floodbroker.com Offer Agents Flood Insurance Sales Tool

The National Association of Professional Insurance Agents (PIA) has formed a partnership with Floodbroker.com that allows agents to sell flood insurance. Through PIA’s exclusive partnership, PIA members’ clients and prospects will be able to learn about their flood risks and …

North Carolina Coastal Homeowners Weigh Self-Insuring for Floods

Bill Cherry has seen his share of storms buffet his house and his Breezeway Restaurant and Motel near Topsail Beach in North Carolina, a slip of a barrier island just over two blocks wide. But, with sharp increases in premiums …

Brown & Brown to Acquire Flood, Specialty Insurer The Wright Group

Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright’s lead equity partner. The Wright Insurance Group (TWIG), with $114 million in revenues, is a …

FEMA: 17 New Jersey Towns Recognized for Reducing Their Flood Hazard Risk

Federal Emergency Management Agency (FEMA) said 17 New Jersey municipalities are being recognized in two awards ceremonies this week for reducing their flood hazard risk through FEMA’s Community Rating System (CRS). Residents in participating municipalities are eligible for incremental premium …

Concerns Raised Over FEMA Flood Maps in Maine

Maine communities are criticizing new maps proposed by the federal government that show future flooding risks near the state’s coast that could impact what kind of insurance property owners must buy. The Flood Insurance Rate Maps released in November by …

FEMA Says No Deadline Extension for Filing Sandy Flood Insurance Suits

The Federal Emergency Management Agency (FEMA) said it cannot extend the deadline for Superstorm Sandy victims who may want to file lawsuits challenging a denial or disallowance of all or part of their federal flood insurance claims. FEMA’s announcement is …

Rule on Requiring Lenders to Accept Private Flood Insurance Proposed

Five federal regulatory agencies are considering a rule that could boost sales of private flood insurance. The proposal would require lenders to accept private flood policies to satisfy the mandate that certain homebuyers in flood hazard areas purchase flood insurance. …

FEMA’s Latest Data on Federal Assistance for N.J.’s Sandy Recovery

The Federal Emergency Management Agency this week published its latest data on ongoing federal assistance for New Jersey’s recovery from Superstorm Sandy. As of Monday, Sept. 9, the total federal assistance for New Jersey’s Sandy recovery effort added up to …

Delaware Town Faces Flood Insurance Suspension

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 town doesn’t fix longstanding deficiencies in its program. FEMA announced on Aug. 22 that …

FEMA Publishes Latest Data on Federal Assistance for N.J.’s Sandy Recovery

The Federal Emergency Management Agency this week published its latest figures on federal assistance for New Jersey’s post-Sandy recovery effort.FEMA said the total federal assistance so far for New Jersey’s Sandy recovery adds up to more than $5.3 billion as …