Flood Insurance News

Homeowners in a South Dakota County Won’t See Flood Insurance Surcharge

More than 400 homeowners whose property lies along the Missouri River in southeast South Dakota are no longer facing a potential surcharge on their flood insurance. The Federal Emergency Management Agency had threated to charge $50 to those homeowners in …

FEMA Sends Out 1st Round of Letters Offering to Review Sandy Flood Claims

The Federal Emergency Management Agency on Monday mailed out its first round of letters to the National Flood Insurance Program policyholders who filed Superstorm Sandy-related claims, asking whether they want their claims reviewed. FEMA is mailing its letters beginning Monday …

Michigan Village Outlines Plans to Keep Federal Flood Insurance

A southeastern Michigan community has told federal officials that its plans to comply with a flood insurance program include taking a resident to court to make him raise his home. The Monroe News reported Saturday that Estral Beach President Danny …

Flood Insurance Does Not Cover Debris Removal From Insureds’ Land

A federal appeals court in Philadelphia recently ruled that a standard flood insurance policy from the National Flood Insurance Program does not cover the cost of cleaning up storm-generated debris not owned by the homeowners from their land. The U.S. …

FEMA to Ask Sandy Homeowners If They Want to Reopen Claims

Homeowners insured through the National Flood Insurance Program who think they were shortchanged for Superstorm Sandy damage are getting another chance for reimbursement. The Federal Emergency Management Agency will begin asking whether they want to reopen their claims, Rep. Chris …

FEMA Chief on Sandy Flood Insurance Claims: ‘We Want to Fix This’

The head of the Federal Emergency Management Agency says he wants to fix what went wrong with the process of paying flood insurance claims following Superstorm Sandy. Craig Fugate told the first meeting of a congressional task force in Washington …

Hurricane Sandy Judges Demand Clearing of Settlement Roadblocks

Federal officials and flood insurance companies were chastised by a panel of New York judges for imposing delays on settlements with hundreds of Hurricane Sandy victims who alleged their claims were wrongfully denied or underpaid. Officials with the Federal Emergency …

Task Force Launching to Examine Superstorm Sandy Problems

A task force will begin work this 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, …

Florida’s Prepared Insurance Joins Write Your Own Flood Program

Prepared Insurance Company (PIC), a Florida property/casualty carrier, has been approved to participate in the Write Your Own Flood Program (WYO). The insurer is offering Florida consumers the ability to purchase flood and homeowners insurance through one carrier with one …

TWIA to Begin Agency Documentation Verification Survey on May 1

The Texas Windstorm Insurance Association alerted agents that as of May 1, 2015, TWIA would begin implementing an agency compliance program in order to verify agent documentation of private insurer coverage declinations and proof of flood insurance coverage on TWIA …