Flood Insurance News

Texas County to Urge Flood Insurance Purchase via Billboards

Houston-area officials are planning a campaign to put up two dozen billboards encouraging residents to buy flood insurance after Hurricane Harvey. The Harris County Flood Control District estimates more than 80 percent of the county’s 1.4 million buildings lacked flood …

City Council Approves Changes to Houston’s Floodplain Regulations

More than seven months after Hurricane Harvey’s destructive floods damaged hundreds of thousands of homes across a wide swath of southeast Texas, the Houston City Council on April 4 approved the first overhaul to floodplain regulations in a decade. Originally …

Houston Considering New Floodplain Rules after Harvey

More than 80 percent of homes damaged by Hurricane Harvey in Houston’s floodplains could’ve been spared if they were at the higher elevation now being proposed by the mayor, according to a new report. The figures come from a new …

Flood Damage Surveys Ongoing in Indiana, Michigan

Officials say flooding last month in northern Indiana and southwestern Michigan damaged more than 2,000 homes. The South Bend Tribune reports the update comes as communities collect information on flood damage to line up state and federal aid. Estimates include …

TWFG Expands Flood Offerings in Texas via Lloyds of London Syndicate

The Woodlands Financial Group (TWFG) has expanded flood insurance products to the state of Texas in partnership with syndicated members of Lloyds of London, the agency announced. The “FloodPlus” insurance product offers higher coverage limits, a wider scope of coverage, …

Texas A&M Study: Better Science, Urban Planning Needed in Coastal Cities

The field of urban planning is gaining interest as cities around the world, including Houston, are facing increased exposure to weather-related risks and hazards ranging from sea level rise and flooding to temperature build-up and urban heat island effect. Philip …

Foreclosure Fears Rise in Texas with Jump in Late Mortgages After Harvey

As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: “I don’t know.” …

Keeping Flood Insurance Above Water: Commentary

With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform Act has passed the House and moved to …

Prospect General Offering Admitted Residential Flood Product in Illinois

Prospect General Insurance Agency (Prospect General) has launched its admitted residential flood insurance product, Flood Guard, in Illinois. Written through Palomar Specialty Insurance Co., Flood Guard provides residential flood coverage as an alternative to the National Flood Insurance Program (NFIP). …

Top Insurance Journal South Central Stories of 2017

Among the most read news stories in Insurance Journal’s South Central region during 2017 concerned Hurricane Harvey and Texas hailstorm (aka natural catastrophe insurance claims) legislation. The insurance industry in Texas for years has been pushing for legislation aimed at …