September 13, 2017
U.S. officials estimate the FEMA-run National Flood Insurance Program will make $11 billion in payments for flooding in Texas caused by Hurricane Harvey, the program’s administrator Roy Wright said. Additionally, in an attempt to make those payments more quickly, homeowners …
September 11, 2017
Louisiana residents who had damage from last summer’s widespread flooding have more time to submit the proof of loss form required for a flood insurance claim. The deadline’s been extended until the end of the year. FEMA says more than …
August 30, 2017
The government-run U.S. flood insurance program had already received 35,000 claims as of noon on Wednesday as a result of catastrophic flooding in Texas, according to the program’s director. “This is a very fast clip for them to move,” said …
August 21, 2017
Louisiana residents who had damage from last summer’s widespread flooding have two weeks to submit the proof of loss form required for a flood insurance claim. FEMA says more than 29,600 claims have been filed with the National Flood Insurance …
July 28, 2017
As part of New York’s continuing response to flooding in the Lake Ontario region, the New York State Department of Financial Services (DFS) is reminding property and casualty insurers of their responsibility to work toward fair and speedy resolution of …
May 30, 2017
It’s been more than two months since northern Utah resident Wyatt Brammer’s house was damaged from flooding and he still hasn’t gotten it fixed. After 33 inches of water filled his basement, he said, it could cost as much as …
May 30, 2017
Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners in areas likely to …
April 20, 2017
As Congress considers reauthorization of the National Flood Insurance Program (NFIP), it should take into account specific insurance market, technological advances and other developments in weighing its options, according to the nation’s actuaries. A new report, “National Flood Insurance Program: …
March 21, 2017
After learning a lesson from what could have been the largest dam disaster U.S. history, California officials are reported to be considering withdrawing from the National Flood Insurance Program. Capital Public Radio is reporting that a proposal to exit the …
December 8, 2016
The Pennsylvania Insurance Department has a plan to continue furthering its initiatives within the private flood insurance market in 2017. This comes after the North Central part of the state of Pennsylvania saw flooding in many areas outside of identified …