The White House released a statement today saying that it would not support the expansion of the National Flood Insurance Program to cover wind damage. Such a move would likely do no good, the statement explains, because the government's rates would be comparable to current market prices.
The whole statement:
EXECUTIVE OFFICE OF THE PRESIDENT OFFICE OF, »read moreTags: funding & assistance, Insurance
From the bright and informed folks over at the Association of State Floodplain Managers:
As part of a unanimous consent agreement last night, the Senate cleared a measure (HR 5569) that would extend the authorization of the National Flood Insurance Program until September 30, 2010. It was previously passed by the House, so it will become effective as soon, »read moreTags: funding & assistance, Insurance, regulations
FEMA has released a memo clarifying that in the event of a declared flood disaster, National Flood Insurance Program (NFIP) coverage will apply even if oil is mixed with flood waters.
The brief memo suggest that the NFIP will bill the party that caused the oil damage (in this case, British Petroleum) for the damages. And while this bit is somewhat less, »read moreTags: funding & assistance, Insurance, legal, oil spill, regulations
A new Houston Chronicle article argues that building the so-called "Ike Dike" will put more, not less people and property at great risk, and that the best way to protect property from hazards is to keep them out of hazardous areas.
In "Forget the Ike Dike, let’s improve building methods" Texas A&M professor John Jacob says that while the current, »read moreTags: adaptation & mitigation, building, editorial, infrastructure, Insurance, planning, regulations
FEMA has released a list of all communities scheduled to have new Flood Insurance Rate Maps (FIRMs) go active during 2010.
WARNING: the list isn't particularly reader-friendly. I'd recommend downloading it, then doing a search for the name of your community in the document. If it appears, look at the top of the table on that page for a line that reads, »read more
At the same time that parts of New England are threatening to float away from record-breaking floods, Congress allowed the National Flood Insurance Program to expire for the second time this year. As legislators won't be reconvening until April 12th, the program looks likely to sit in limbo for a couple of weeks (at least).
The Times-Picayune points out, »read moreTags: Insurance
Tags: funding & assistance, Insurance
While this list was written by FEMA for the general public, most of it applies to your municipal properties, too (and it's not a bad outreach tool, either).
The Top Ten Reasons to Buy Flood Insurance Now
Spring flooding is almost here and there is a 30-day waiting period before coverage begins.
Coverage is relatively inexpensive – nationally premiums, »read more
Approximately 125,000 of State Farm's "most vulnerable customers" in Florida should brace themselves to receive some potentially bad news: their policies with State Farm Insurance are being cancelled.
MSNBC and others are reporting that State Farm Florida will be canceling policies for nearly a fifth of its clients, most of them in coastal areas. It began, »read moreTags: Insurance
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