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NAMIC Speaks Out Against Proposed Delays to NFIP Reforms - Carrier Management

NAMIC Speaks Out Against Proposed Delays to NFIP Reforms - Carrier Management | Flood Insurance | Scoop.it
Efforts to delay reforms to the National Flood Insurance Program will put homeowners and taxpayers at greater risk and could threaten the viability of the program itself, the National Association of Mutual Insurance Companies said Tuesday.
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As storms rage, clouds loom over federal flood insurance program

As storms rage, clouds loom over federal flood insurance program | Flood Insurance | Scoop.it
With hurricane season under way, severe weather hitting the Midwest and mid-Atlantic states this week, and clean-up still ongoing from Superstorm Sandy -- what will you do if your house is flooded?
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U.S. House Passes Bill to Delay NFIP Increases | PropertyCasualty360

U.S. House Passes Bill to Delay NFIP Increases | PropertyCasualty360 | Flood Insurance | Scoop.it
In an effort to deflect consumer outrage from mandated flood insurance rate increases, House members touted a provision in legislation passed June 5. But it apparently won’t accomplish what they want it to do.
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Okla. Tornadoes Could Test Allstate Plan to Limit Costs of Replacing Old Roofs | PropertyCasualty360

Okla. Tornadoes Could Test Allstate Plan to Limit Costs of Replacing Old Roofs | PropertyCasualty360 | Flood Insurance | Scoop.it
Allstate earlier this year discussed its new approach to homeowners insurance in Oklahoma designed to limit the insurer’s costs for replacing older roofs, and after the recent rash of tornadoes in the state, that new approach is about to get its...
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Flood damage assessments begin

Flood damage assessments begin | Flood Insurance | Scoop.it
With residents in 48 Illinois counties hit by extensive flood damage, officials asked victims to be patient, keep their receipts and open their doors to assessors trying to determine eligibility for federal flood assistance.
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More Rain, Snow Could Lead to More Flooding in Midwest

More Rain, Snow Could Lead to More Flooding in Midwest | Flood Insurance | Scoop.it
The Mississippi River is topping out at some problematic spots and there is growing concern that spring floods are far from over. The good news is that mos
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New Jersey Will Buy Flood-Prone Homes in '13

New Jersey Will Buy Flood-Prone Homes in '13 | Flood Insurance | Scoop.it
New Jersey officials plan to unveil a plan in the next two to three weeks for buying out roughly 1,000 flood-prone homes from owners who want to sell them,
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FEMA Warns of Big Rate Hikes for Federal Flood Insurance Buyers

FEMA Warns of Big Rate Hikes for Federal Flood Insurance Buyers | Flood Insurance | Scoop.it
The head of the Federal Emergency Management Agency says people who buy federal flood insurance need to plan for big rate hikes. Craig Fugate says some
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Claims Processing: Putting the Pedal to the Medal | PropertyCasualty360

Claims Processing: Putting the Pedal to the Medal | PropertyCasualty360 | Flood Insurance | Scoop.it
In some ways, insurance companies can be thought of as first responders during times of personal crisis or emergency.
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Readers Respond: Is It Time for Opt-Out Flood Insurance? | PropertyCasualty360

Readers Respond: Is It Time for Opt-Out Flood Insurance? | PropertyCasualty360 | Flood Insurance | Scoop.it
PC360 readers appear to like the idea of automatically adding federal flood insurance, with an opt-out provision, to standard homeowner- and commercial property policies, but cited potential pitfalls.
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FEMA Data Suggests Some Insurers Handling NFIP Claims Faster Than Others

FEMA Data Suggests Some Insurers Handling NFIP Claims Faster Than Others | Flood Insurance | Scoop.it
Up and down the Atlantic coast, people are telling horror stories about how long it has taken to get an insurance check for flood damage caused by Supersto
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New York Considers Buying Up Flood-Prone Properties Damaged by Sandy | PropertyCasualty360

New York Considers Buying Up Flood-Prone Properties Damaged by Sandy | PropertyCasualty360 | Flood Insurance | Scoop.it
New York Gov. Andrew M. Cuomo is proposing to spend a chunk of Superstorm Sandy relief funds on buying out severely damaged homes and turning the properties into open space or flood plains, an idea that met with approval by industry interests.
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Congress votes to expand borrowing authority for Sandy flood claims

Congress votes to expand borrowing authority for Sandy flood claims | Flood Insurance | Scoop.it
Updated 2:13 pm ET Responding to the insurance claims of property owners hit by last October’s super-storm Sandy, both the House and the Senate voted Friday to approve $9.7 billion in additional borrowing authority for the National Flood Insurance...
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Flood of Legal Questions Now Roils Sandy Survivors

Flood of Legal Questions Now Roils Sandy Survivors | Flood Insurance | Scoop.it
First they needed blankets and generators. But before long, many of Superstorm Sandy's bedraggled survivors also needed a lawyer. Thousands of people wi
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A New Threat for Hardest-Hit Sandy Victims: Soaring Flood Insurance Costs

A New Threat for Hardest-Hit Sandy Victims: Soaring Flood Insurance Costs | Flood Insurance | Scoop.it
George Kasimos has almost finished repairing flood damage to his waterfront home in New Jersey, but his Superstorm Sandy nightmare is far from over. Lik
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Small Towns in Missouri Prepare as Flood Moves South

Small Towns in Missouri Prepare as Flood Moves South | Flood Insurance | Scoop.it
Volunteers were busy stacking sandbags in the tiny Missouri town of Dutchtown on June 3 as the rain-swollen Mississippi River threatened to send water into
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National Flood Services to Acquire CSC’s Flood Insurance BPO Unit | PropertyCasualty360

National Flood Services to Acquire CSC’s Flood Insurance BPO Unit | PropertyCasualty360 | Flood Insurance | Scoop.it
CSC, which handles NFIP-Direct for the Federal Emergency Management Agency has been acquired by the company which does most of the back-office work for 50 Write-Your-Own companies.
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Most Americans Say Flood Insurance is Important But Don't Buy It: Survey

Most Americans Say Flood Insurance is Important But Don't Buy It: Survey | Flood Insurance | Scoop.it
More than four in five Americans (81 percent) know that a standard homeowner’s insurance policy doesn’t cover flood damage, but even so the vast majority o
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Severe Storms Dump Heavy Rain, Large Hail on Indiana

Severe Storms Dump Heavy Rain, Large Hail on Indiana | Flood Insurance | Scoop.it
Severe thunderstorms that dumped heavy rains and large hail on parts of Indiana also produced lightning blamed for house fires and damage to a plane at Ind
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Post Office to Run Flood Insurance Program

Congress has authorized the National Flood Insurance Program (NFIP) for an extended period of six months, or until the next unscheduled primary, whichever
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As NFIP Faces Deepening Debt, Some Call for More Subsidies and Lower Rates | PropertyCasualty360

As NFIP Faces Deepening Debt, Some Call for More Subsidies and Lower Rates | PropertyCasualty360 | Flood Insurance | Scoop.it
Congress is coming under renewed pressure from both state and federal legislators to reduce the cost of flood insurance and provide greater subsidies for the National Flood Insurance Program.
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Deadline Extended for Isaac Claims

Deadline Extended for Isaac Claims | Flood Insurance | Scoop.it
Louisiana property owners with flood insurance policies whose homes or other structures were damaged during Hurricane Isaac have an additional 60 days to f
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The Forces Behind Wind and Wave

The Forces Behind Wind and Wave | Flood Insurance | Scoop.it
Superstorm Sandy is poised to become one of the top three most expensive hurricanes in history. With close to 1.4 million claims filed, Sandy is likely
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FEMA Defends Handling of Sandy Flood Claims

FEMA Defends Handling of Sandy Flood Claims | Flood Insurance | Scoop.it
The Federal Emergency Management Agency is defending its handling of Superstorm Sandy-related flood insurance claims following sharp criticism by New Jerse
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Should Worst-Flooded Areas Be Left After Superstorm Sandy?

Should Worst-Flooded Areas Be Left After Superstorm Sandy? | Flood Insurance | Scoop.it
Superstorm Sandy, one of the nation's costliest natural disasters, is giving new urgency to an age-old debate about whether areas repeatedly damaged by sto
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