Flood Insurance News

AG Coakley Testifies in Support of Flood Insurance Bill in Massachusetts

Concerned that increased insurance rates caused by new flood zone maps will “tip the balance” for homeowners who weathered the economic downturn but are still feeling its effects, Massachusetts Attorney General Martha Coakley testified Thursday in support of proposed state …

Indiana Homeowners Fear Flood Insurance Sticker Shock

Homeowner Wally Cantrell’s finished basement was destroyed in the June 2008 flood in Columbus, Ind., but his flood insurance policy helped cover a good bit of the repairs. Now, Cantrell wonders if he will soon face a related disaster due …

Cincinnati Officials Say Levee Decision Forced Flood Insurance Purchases

Two city council members in Cincinnati, Ohio, say they want to know more about the decision to decertify a flood levee, which forced hundreds of property owners in Cincinnati to buy flood insurance. Councilman Charlie Winburn said he will launch …

Mass. Rep. Keating Urges House Approval of Flood Insurance Bill

U.S. Rep. William Keating, D-Mass., is calling for swift passage of a flood insurance bill in the House that would give hundreds of thousands of homeowners a reprieve from higher flood insurance premiums. The Democrat said there’s no reason why …

Private Flood Insurance Provider Steps Into Connecticut Market

A private flood insurance provider has stepped into Connecticut’s market, the first time homeowners along the shoreline battered by Superstorm Sandy have an alternative to increasingly costly federal insurance. The Flood Insurance Agency of Gainesville, Fla., is offering flood insurance …

Homeowners of America Insurance Co. Offering Flood Coverage in Texas

Homeowners of America Insurance Co. (HOAIC), a Texas-based property and casualty insurance company, is expanding its products to offer flood insurance to its policyholders in Texas. Homeowners of America flood insurance will be offered through a private label partnership with …

Homeowners Choice Sells First Flood Policy in Florida

Homeowners Choice Property & Casualty Insurance Co., Inc., a Florida based provider of admitted homeowners insurance and wholly-owned insurance subsidiary of HCI Group, Inc., is now selling flood insurance to existing customers in Florida. Many Florida residents have seen a …

Some Western N.Y. Homeowners Grapple With Flood Damage After Canceling Insurance

Some western New York residents whose homes were damaged by a snow-swollen river this month had only recently cancelled their federal flood insurance policies because of rate increases. About 70 houses in West Seneca, just outside Buffalo, flooded when a …

Mass. Sen. Warren Launches Statewide Tour, Discusses Flood Insurance

U.S. Sen. Elizabeth Warren, D-Mass., is scheduled to participate in events across Massachusetts next week to discuss her agenda for the year and the importance of making investments that help build a strong middle class. The Democrat’s “Priorities for the …

Remapping, Subsidy Loss Raising North Dakota Flood Insurance Costs

Had Greg Larson, a realtor and riverside homeowner in Bismarck, N.D., and his family changed their flood insurance policy, their cost would have gone from $705 a year to $4,200. Increases in flood insurance rates are making some of Bismarck-Mandan’s …