Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Florida Senate Passes Measure to Encourage Private Flood Insurance
Mar 28 2014 // The Florida Senate is backing a bill to entice private insurance companies to sell flood policies in the state that’s the most vulnerable to storm surge. The Senate this week unanimously passed the bill (SB 542)...
Pennsylvania River Towns Facing Rising Flood Insurance Rates
Mar 27 2014 // Jeff King had put his house in Wilkes-Barre, Penn., up for sale for $90,000 last year, put off by the city’s struggles with crime and the desire for a better school district for his four children, when he got a...
New Flood Insurance Law Only Slows Rate Hike for 14K Conn. Property Owners
Mar 27 2014 // Stephen Nelson and Mary Anne Mayo are still struggling with the destruction from Superstorm Sandy, nearly 18 months after it swept through their Westport, Conn., home, taking their first-floor belongings into the Saugatuck...
North Carolina Coastal Homeowners Weigh Self-Insuring for Floods
Mar 27 2014 // 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...
The Importance of Risk Scores in By-Peril Rating
Mar 27 2014 // This blog post is part of a series sponsored by CoreLogic. Natural disasters can happen anywhere and at any time, but they often show allegiance to a particular location and geography. Hurricanes hit most frequently along...
In Virginia, Over 20K People May See Flood Insurance Rate Hikes of Up to 25%
Mar 26 2014 // More than 20,000 Virginia homeowners and businesses could see their rates for flood insurance rise up to 25 percent as part of an attempt to put the troubled National Flood Insurance Program back on sound financial...
In South Carolina, Concern Over Flood Premiums Affecting Historic Preservation
Mar 26 2014 // Charleston’s storied historic district of about 4,800 structures lies on a peninsula almost entirely in a flood plain. And there’s concern that raising premiums to help get the federal flood insurance program...
With Fix for Flood Insurance Program Deficit Delayed, Now What?
Mar 26 2014 // There’s no easy fix for the National Flood Insurance Program, now drowning in a $24 billion sea of red ink. But experts and advocates say Congress does have some options that could make the troubled program...
In New Jersey, Rising Flood Insurance Costs Not Just a Shore Worry
Mar 25 2014 // If flooding were a real concern for Taylor Rambo in Burlington City, N.J., he says he wouldn’t have built a bar in his basement. Yet he pays about $2,700 each year for flood insurance that he is required to have as...
Weather Service: Flash Flood Warning System in Oklahoma Lacking
Mar 25 2014 // A new report assessing last May’s tornadoes in Oklahoma says the National Weather Service needs to develop a protocol for when there are multiple severe weather events. The recommendation stems from the combination...
Colorado Flood Survivors New Worry: Insurance Cost Hike
Mar 25 2014 // 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...
Massachusetts Lawmakers Seek to Ease Federal Flood Insurance Rules
Mar 25 2014 // When Mitch Haddad and his brother began rebuilding their family’s oceanside restaurant in Marshfield, Massachusetts, they decided to take no chances. The restaurant, which had been in the family for more than 70...
Florida Legislature Seeks to Entice Private Insurers to Sell Flood Policies
Mar 24 2014 // The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that’s the most vulnerable to storm surge. It’s not clear, though, that many private...
Flood Insurance Fix Only Slows Rate Hike for 60K New Yorkers
Mar 24 2014 // For Gay Alexander, Superstorm Sandy “is not over,” she says, her voice cracking as she speaks about the cost for flood insurance on her damaged, waterfront Long Island home. The single mother of two...
President Obama Signs Flood Insurance Relief Bill
Mar 24 2014 // Homeowners living in flood-prone areas are getting relief from big spikes in insurance costs under legislation President Barack Obama signed into law last Friday. Lawmakers from both parties supported the measure in...
Flood Insurance Hikes to Affect Thousands in Arkansas
Mar 24 2014 // 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...
Nearly $200M More For Colorado Flood Recovery
Mar 24 2014 // Colorado is getting an additional $199 million from the federal government to help communities devastated by September’s historic floods, U.S. Housing and Urban Development Secretary Shaun Donovan announced. The...
Michigan Congresswoman Miller: Flood Insurance Bill Bad for State
Mar 24 2014 // A U.S. Congresswoman from Michigan wants her state to opt out of the National Flood Insurance Program, saying it’s not good for Michigan homeowners. U.S. Representative Candice Miller (MI-10) voted against H.R. 3370,...
Flood Waters
Mar 24 2014 // At press time, President Barack Obama was set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills. The legislation – H.R. 3370, the...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
