flood insurance
National Flood Insurance Program Reauthorized…Again
The House of Representatives has passed another temporary extension of the National Flood Insurance Program until Sept. 30, 2010. The program has been suspended since May 31st, making the issue of new policies impossible. In this extension, reauthorization provisions have been embedded into legislation relating to jobless benefits and tax breaks – legislation that the […]
Read moreOklahoma Spring Storms Lead to Insurance Headaches
Property owners and insurers in Oklahoma are all suffering the effects of recent severe flooding and extensive damage from last month’s wind storms. The heavy rains earlier this month caused additional damage to the homes of some residents who had yet to make repairs made necessary by violent storms in May. Most mainline commercial insurance […]
Read moreState Farm to Stay Out of Flood Insurance Business
State Farm Insurance Co. decided recently that it will no longer write new flood insurance policies with the National Flood Insurance Program (NFIP), but that it will continue to service existing policies, and its agents will go on helping their customers obtain flood coverage via the NFIP’s direct distribution channel. Phil Supple, a State Farm […]
Read moreRed River Flood Protection Plan to Stay on Original Course
According to some verified reports, group studying the Red River diversion project in the Fargo, ND and Moorhead, MN area has decided to stay with its original plan, despite that fact that it may not offer the level of flood protection initially claimed. Comprised of officials from both sides of the river, the Metro Flood […]
Read moreNHC Begins Tracking First Storm of the Season – Before Hurricane Season Officially Starts
The official beginning of the 2010 Atlantic season is still a week away, but according to Reuters the The U.S. National Hurricane Center has already begun tracking the first low pressure system of the year, reminding commodities and energy traders to be prepared for the hurricane season, which begins June 1 and ends November 30. […]
Read moreFEMA Discounts Flood Insurance for Homeowners Affected by Remapping
Homeowners across the United States who are concerned that they may be required to purchase flood insurance due to a recent push to redraw floodplain maps can relax a little; they’re being offered the mandatory coverage at a deep discount for two years. Senator Dick Durbin of Illinois said recently that the Federal Emergency Management […]
Read moreGot Sewage? Get Coverage
According to the Insurance Information Institute, most sewer backups are not covered by a standard homeowners insurance policies, and if your sump pump can’t handle the runoff after a major rainstorm, that isn’t usually covered, either. If you don’t have a home warranty, or didn’t purchase extra coverage just for your sewer system, that flood […]
Read moreStorm Surge Warnings Might Be Added to Weather Alerts
We’re still a couple of months away from the start of the Atlantic hurricane season, but that’s not too soon for the National Hurricane Center (NHC) to be considering a new addition to their already vast collection of watches and warnings typically issued during hurricane seasons. Specifically, NHC officials pitched the idea of a storm-surge […]
Read moreFlood Insurance and Other Programs Temporarily Restored
Earlier this week, the U.S. Senate passed legislation that included an extension for the federal flood insurance program until the 28th of March. The extension means that the NFIP (National Flood Insurance Program) can once again issue new policies, something it hasn’t been able to do since its authorization expired at midnight last Friday. The […]
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