Insurance News Alerts | flood insurance

Few take advantage of flood insurance

By ⋅ May 10, 2010 ⋅ Post a comment

(DNJ) - With the great flood of 2010 only a week removed, questions are being raised about flood insurance: Who can purchase it? Do I have to live in a flood plain?
According to the Federal Emergency Management Agency’s Web site, coverage is available to all owners of insurable property (a building [...]

Congress panel backs flood insurance overhaul

By ⋅ May 1, 2010 ⋅ Post a comment

(Reuters) - A bill to overhaul the troubled National Flood Insurance Program, which covers more than five million homes and businesses in flood-prone areas, was approved on Tuesday by a congressional committee.
The bill, if approved in the full House and Senate, would reauthorize the program for five years and delay implementation of [...]

New Flood Insurance Rate Maps effective June 4

By ⋅ April 24, 2010 ⋅ Post a comment

(WICKED LOCAL) - Towns throughout Middlesex County, including Arlington and Cambridge, have received updated flood hazard maps as part of the Federal Emergency Management Agency’s (FEMA) nationwide Map Modernization Program. The Arlington and Cambridge maps, currently in draft form, are scheduled to become effective on June 4. Grandfathered insurance options must [...]

Flood Insurance Program Is Back — for Now

By ⋅ April 22, 2010 ⋅ Post a comment

(THE NEW YORK TIMES) - The National Flood Insurance Program is back in business, at least until May 31.
Late last week, President Obama signed legislation that, in addition to extending additional unemployment benefits, also provided a temporary extension of the federal flood insurance program until May 31.
According to the Independent [...]

Flood insurance program extended

By ⋅ April 20, 2010 ⋅ Post a comment

(PHILLY BURBS) - A “hiatus” in the National Flood Insurance Program this month prevented the sale of thousands of homes, according to the government.
It took a vote from Congress and the president’s signature, but Trisha Hill of Middletown finally can sell her mom’s house.
The Hill family has been trying for about a [...]

More on What to Do During the Flood Insurance Suspension

By ⋅ April 17, 2010 ⋅ Post a comment

(THE NEW YORK TIMES) - Last week, we discussed how new flood insurance policies aren’t currently available because Congress failed to reauthorize the National Flood Insurance Program — generally the only source of the insurance for consumers — before it went on recess last month.
While Congress is expected to pass some [...]

Mandate flood insurance

By ⋅ March 15, 2010 ⋅ Post a comment

(THE TIMES TRIBUNE) - Amid unseasonably warm weather that has rapidly melted a deep snowpack, and forecasts for substantial rain, state Insurance Commissioner Joel Ario quite rightly reminded Pennsylvanians this week that their homeowners’ insurance doesn’t cover flood damage. He recommended that they look into buying flood coverage under the federal [...]

Foremost Insurance Encourages All Consumers to Know Their Flood Risk

By ⋅ March 9, 2010 ⋅ Post a comment

Devastating floods occur throughout the United States almost every year and are the number one natural disaster in the country. That’s why Foremost Insurance encourages every person to review their flood risk leading up to National Flood Awareness Week, March 15-19, 2010.
Grand Rapids, MI (Vocus) March 5, 2010 — Devastating floods occur throughout the United [...]

Homeowners Rethink Flood Insurance

By ⋅ March 7, 2010 ⋅ Post a comment

(KETV 7) - Iowa Gov. Chet Culver has been warning his state’s homeowners about the rising risk of springtime floods.
Despite the warnings, homeowners in Council Bluffs don’t appear to be too concerned. Insurance agents said they’re not terribly concerned, either, but they want people to be aware of the risk.
“We don’t [...]

Senate reauthorizes National Flood Insurance Program