Flood Insurance News

Cost to Indiana City for Wabash River Levee Repairs Estimated at $2M

A southwestern Indiana city will need to spend more than $2 million to repair its Wabash River flood levees, although that is much less than officials previously projected. Vincennes officials say the repairs are needed before the levees can be …

Midwest Towns Hope Worst of Flood Is Behind Them

Officials in several Mississippi River towns were cautiously optimistic on July 10 that they’ll soon emerge from this year’s flood with relatively minor damage. Water levels were dropping in several places, including Clarksville, Mo., where a furious sandbagging effort over …

Official: Damages from Recent Iowa Flooding Exceed $15M

Iowa’s top emergency management official says up to 150 homes in Iowa have major flood damage and his department continues to monitor river levels as Iowa’s ground is water saturated and more rain could cause additional problems. Iowa Department of …

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 …

Connecticut Residents Feeling Financial Strain as Flood Insurance Cost Rises

People living on Porter Avenue in Middlebury, Conn., face a threat that could put their homes underwater — but it’s not coming from nearby Long Swamp Brook. The rising cost of flood insurance is putting a financial strain on local …

Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida

Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now offer primary flood insurance of $500,000 to its customers, in …

Ironshore Personal Lines Launches Primary Flood Coverage for High Value Homes

Ironshore’s Personal Lines unit has expanded property coverage protection for high net worth homeowners.  Ironshore will offer a primary flood option as part of its homeowners insurance for properties valued at $1 million or more in selected states nationwide. By …

Colorado Flood Survivors New Worry: Insurance Cost Hike

Thousands of Coloradans could face major cost increases for their flood insurance, just as many are trying to decide whether to rebuild or move on after the devastating September flooding. More than 5,700 federally subsidized policies in Colorado could be …

Flood Insurance Hikes to Affect Thousands in Arkansas

More than half of flood insurance policyholders in the tiny northern Arkansas city of Norfork face premium increases, but Mayor Jim Reeves says the hardship will be felt by everyone. Norfork, population 500 and change, is located at the confluence …

Grant to Help Raise Houses in Louisiana; Flood Insurance a Requirement

The Federal Emergency Management Agency is providing a grant to help pay for the elevation of 16 houses Jefferson Parish. The grant covers about $2.1 million of the estimated $2.7 million total cost of the project. FEMA officials say elevating …