Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
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...
3 Ga. Communities to Receive Federal Grants to Reduce Flood Chances
Sep 27 2007 // Gov. Sonny Perdue announced that the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has awarded $3,320,761 in projects that will reduce the possibility of flood damage in three...
Kan. Lawmakers: More Help Needed in Disaster Areas
Sep 27 2007 // Lawmakers need to help pay for replacement housing and assist businesses that want to locate in areas devastated by tornado and flood damage, two legislative leaders told a legislative committee Tuesday. Senate Majority...
News Currents
Sep 24 2007 // Officials in Midwest seek Federal aid after August storms Flooding concerns continue to plague states in the Midwest after the latest round of high winds, tornadoes and heavy rain in late August. Some state officials are...
Report: Insurers did not shift wind claims
Sep 24 2007 // A preliminary report from the federal government found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood...
El Reno, Okla., Aug. 20, 2007 – Talia Hubbard looks at her flooded home that she had to leave in the middle of the night
Sep 24 2007 //
$120M in disaster aid approved for storm-battered Okla. in 2007
Sep 24 2007 // El Reno, Okla., Aug. 20, 2007 – Talia Hubbard looks at her flooded home that she had to leave in the middle of the night when flood waters rose rapidly from Tropical Storm Erin. Marvin Nauman/FEMA photo More than...
News Currents
Sep 24 2007 // Report: Insurers did not shift wind claims p:”Our sample revealed no evidence that wind damages were improperly attributed to flooding,” the Department of Homeland Security reported after reviewing 98 flood...
U.S. report: Private insurers overpaid by national flood program
Sep 24 2007 // The federal government may be overpaying private insurers for their operating costs associated with the National Flood Insurance Program (NFIP), a recent report said. The government’s payments to insurance companies...
News Currents
Sep 24 2007 // Another Katrina levee failure case heard by La. appeals court Oral arguments in a lawsuit over whether an insurance company must pay for damage from the failure of levees in New Orleans after Hurricane Katrina were heard...
