[ORIGINAL MARCH 1 POST]:
Nothing to panic about (we don't think), but the US Senate failed to pass a reauthorization of the National Flood Insurance Program (NFIP). As a result, the NFIP officially expired last night.
FEMA, meanwhile, released an announcement last Friday expressing its confidence that the program will be reauthorized when the Senate, »read moreTags: 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
A report released yesterday finds that short-term hurricane damage models, designed to project insured losses in the United States from Atlantic hurricanes for the past five-years, have significantly overestimated losses for the cumulative 2006 through 2009 seasons.
From the press release:
“This latest study further supports our previous findings, »read moreTags: insurance
Since Congress created it in 1968, the National Flood Insurance Program (NFIP) has helped provide affordable flood insurance to millions of people. The program was designed as both a carrot and as a stick: while it allows many to purchase relatively inexpensive flood insurance, it requires communities to adopt and enforce a floodplain management ordinance, »read moreTags: insurance
For those of you involved in flood insurance, here's a summary from FEMA of the latest changes to the NFIP:
On October 1, 2009, important changes to the National Flood Insurance Program (NFIP) will take effect. There will be an increase in rates, the standard deductibles, and the basic insurance limits. These combined changes will result in an average, »read more
The latest newsletter from the Institute for Business and Home Safety reports on some of the more forward-thinking innovations in the recently passed amendments North Carolina Beach Plan, including some interesting building code and insurance revisions:
Legislation that amends North Carolina’s state-funded coastal insurance plan, known as the Beach Plan,, »read moreTags: insurance
FEMA has announced that beginning on or after October 1, 2009, it will provide only a single paper Flood Insurance Rate Map (FIRM) and Flood Insurance Study (FIS) to each community when their maps are updated, and will convert all other distribution of maps and FIS reports for digital delivery. FEMA will continue to provide free digital map products and, »read moreTags: insurance
[caption id="" align="alignleft" width="156" caption="Image: everystockphoto.com"][/caption]
In an attempt to reduce its enormous financial exposure, the Florida Legislature is considering retreating from price controls on property insurance rates that the state promulgated two years ago. According to an article in the Ocala Star-Banner, the new, »read moreTags: insurance
Copyright © 2012 StormSmart Coasts Network | Contact Us | Site last updated May 15, 2012 | Terms of Service
Design by WordPress Designers
