As flash flooding from Hurricane Florence continues to wreak catastrophic damage across the Carolinas from Wilmington to Asheville, the National Flood Insurance Program is exposed to $44.5 billion of insurance in-force in North and South Carolina counties already under flood …
It would take a storm the size of Hurricane Katrina to deplete the more than $15 billion the National Flood Insurance Program can access to pay claims. Unfortunately, a storm the size of Hurricane Katrina might be exactly what we …
A half-decade of growth for the North Carolina Insurance Underwriting Association could come to a catastrophic climax this week, with the impending arrival of Hurricane Florence. Packing 140 mph winds as it moves over warmer waters and heads toward a …
A week and a half after a magnitude 6.2 earthquake off the coast of Oregon reminded West Coast residents of the ever-present seismic risk below their feet, The New York Times cast its gaze on California, where only about 13 …
With just 11 days until statutory authorization for the National Flood Insurance Program is set to expire, Congress has no obvious plan to extend it. While the U.S. House passed a comprehensive five-year reauthorization bill last November, making a number …
The National Flood Insurance Program has paid about $8.6 billion in claims from Hurricane Harvey and projects all claims from the three 2017 hurricanes to total about $9.7 billion, according to a new report compiled by the Congressional Research Service. …
A year after the U.S. House passed legislation that would have eliminated the Federal Insurance Office entirely, not only is it still standing, but recent comments from President Donald Trump suggest it may yet have a role to play in …
For the sixth time in six years, the Florida Legislature adjourned its annual session having tried, and failed, to address the assignment-of-benefits (AOB) crisis that is driving up homeowners insurance rates across the state. Without reform, premiums are projected to …
On the morning of Sept. 11, 2001, a conspiracy of 19 men hijacked four planes departing from three different cities. The two planes that departed from Boston were flown, with 17 minutes of one another, into the two towers of …
Legislation that would act prophylactically to restrain the Consumer Financial Protection Bureau from extending its tentacles into the insurance industry has now been introduced in the U.S. Senate by Sen. Tim Scott, R-S.C. Scott’s Business of Insurance Regulatory Reform Act, …
