Flood Insurance News

Florida Company Claims Simple Device Makes Sandbag Filling Faster Before Floods

The Florida-based company that produces a quicker way to bag leaves is now offering a tool that it says makes filling sandbags three times faster, potentially saving property owners time before floodwaters rise. The Sandbag It! is a flat but …

Ophelia Brings Flooding to Coastal North Carolina, Virginia

ANNAPOLIS, Md. (AP) — Residents in parts of coastal North Carolina and Virginia experienced flooding Saturday after Tropical Storm Ophelia made landfall near a North Carolina barrier island, bringing rain, damaging winds and dangerous surges. The storm came ashore near …

Louisiana, 9 Other States Ask Federal Judge to Block Increases in National Flood Insurance Program

NEW ORLEANS (AP) – Increases in federal flood insurance premiums that are projected to surpass 700% over the coming years are already leading people to back out of home purchases and will likely lead to an exodus of residents and …

New York Could Require Flood Disclosures in Home Sales

Alan Oligario`s home is prone to flooding — and he wishes someone had told him before he bought it. His initial flood came in the first year after he bought the house in Highland Falls, New York. The second came …

Florida Residents Worry About More Burglaries After Looters Post-Storm

HORSESHOE BEACH, Fla. (AP) — Two people were charged with looting a home damaged by Hurricane Idalia in Florida`s Big Bend region, as residents` concerns grew that burglars could be tempted to hit other hurricane-ravaged homes since law enforcement is …

Florida Regulators Remind Insurers to Take Care of Insureds as Claims Come in

The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, but regulators have signaled a need to make sure that claims from the area, now topping 10,000, are taken care …

Heavy Rains Cause Major Flooding in Parts of West Virginia

Thunderstorms dumped heavy rains that caused significant flooding in parts of West Virginia on Monday, authorities said. Gov. Jim Justice issued a state of emergency in at least five counties, enabling the National Guard to activate swift-water rescue teams and …

Citizens Suspends Binding, Could Be Most Affected as Hurricane Aims for Big Bend

Florida property insurers were keeping their fingers crossed Tuesday as the latest projections indicated that the worst of Hurricane Idalia may miss some of the most heavily populated parts of the state’s west coast. The National Hurricane Center predicted the …

2023 to Test Recent Growth in Private Flood Insurance Market

The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the Atlantic hurricane season. According to AM …

Federal Reserve Fines Alabama Bank $3M for Flood Insurance Monitoring Issues

The Federal Reserve Board has fined Regions Bank, based in Birmingham, Alabama, almost $3 million for failing to ensure that borrowers maintained flood insurance on their properties. The board did not detail the violations, but a consent order signed this …