Congress must commit to NFIP for more than a month
The U.S. Senate allowed the National Flood Insurance Program to expire Feb. 28, and while the expiration is most likely temporary, the need for the program couldn’t have been more clear over the...
View ArticleNew Jersey town files second suit over insurance claim error
Irvington Township, N.J., officials say an administrative firm incorrectly handled a claim involving a $5.4 million personal injury judgment, denied by its insurance company. In October 2009, the...
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NFIP to cover oil in hurricane-driven flood waters, FEMA says
If oil from the massive spill in the Gulf of Mexico is mixed with flood waters, it will be covered under the National Flood Insurance Program. The Federal Emergency Management Agency (FEMA) recently...
View ArticleU.S. House passes bill in first step to restoring NFIP
UPDATE: View the latest on the NFIP extension. The U.S. House passed an extension to the National Flood Insurance Program, the first step in restoring the program, which expired May 31. The bill still...
View ArticleWith expiration nearing, NFIP could earn another short-term extension
The National Flood Insurance Program, set to expire Sept. 30, could be extended to Nov. 18 with anticipated congressional action, according to an industry trade group. The National Association of...
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Mid-Atlantic states not immune to hurricane, tropical storm damages
The heavy rains associated with hurricanes and tropical storms like the one heading toward the Gulf Coast often cause heavy flooding, which can extend into the mid-Atlantic region. Courtesy: FEMA...
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Hurricane Isaac’s losses to put dents in primary insurers’ wallets
Anticipated losses from the damage caused by Hurricane Isaac’s wrath is expected to be largely borne by primary insurers, according to Fitch Ratings. Courtesy: George Armstrong/FEMA Most losses will be...
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