Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Fla. high court affirms insurers need pay for covered perils only
Oct 8 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
Adding wind coverage to flood not the solution …
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Adding wind coverage to flood not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Declarations
Oct 8 2007 // Workable competition “We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public...
House-passed flood insurance bill provides optional windstorm coverage
Oct 8 2007 // The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy. The...
Workable competition
Oct 8 2007 // Declarations “We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public and the...
Adding wind coverage to flood not the solution …
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Fla. high court affirms insurers need pay for covered perils only
Oct 8 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
Editor’s Note: Wind, water and legislative storm
Oct 8 2007 // At the center of the controversy is a provision by Congressman Gene Taylor of Mississippi that would expand the NFIP to include an optional multiple peril policy — to allow property owners to purchase wind and flood...
Declarations
Oct 8 2007 // Declarations Flood reforms “Flood insurance reforms are needed because, as we have seen, storms will become stronger and more intense, and we need a program that can contend with the worst that Mother Nature can...
Figures
Oct 8 2007 // 5 The number of years recently passed House legislation would reauthorize the National Flood Insurance Program. The measure aims to update the nation’s flood insurance program through 2013, give homeowners the option...
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
News Currents
Oct 8 2007 // House-passed flood insurance bill provides optional windstorm coverage The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of...
S.C. Regulator: Probable Maximum Loss Predictability Formula on Horizon
Oct 5 2007 // A pre-established formulaic predictability model would virtually solve the issue of indeterminable loss cause that was so wide-spread in the aftermath of Hurricane Katrina, according to South Carolina’s Insurance...
Tropical Storm Melissa Strengthens in Atlantic; Lorenzo’s Rains Kill 5
Oct 1 2007 // Floodwaters from Hurricane Lorenzo were receding Sept. 29 in eastern Mexico after rains triggered mudslides and floods that killed at least five people and drove tens of thousands from their homes. Meanwhile, Tropical...
House-Passed Flood Insurance Bill Includes Windstorm, Business Interruption Options
Sep 28 2007 // The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy. The...
Bush Opposes Expanding Flood Insurance Program; Threatens Veto
Sep 28 2007 // If a bill similar to one the House just passed that expands the National Flood Insurance Program reaches President Bush’s desk, he will veto it, the White House says. The administration said it supports efforts to...
Actuaries Oppose Wind Addition to National Flood Insurance
Sep 28 2007 // The National Flood Insurance Program is over $17 billion in debt according to the American Academy of Actuaries, adding further anxiety to a proposal to add wind peril coverage to the national plan. While the U.S. House of...
