An atmospheric river event that led to significant flooding in parts of Nova Scotia on July 23, 2023, is estimated to have caused over C$170 million (US$125.5 million) in insured damage, according to initial estimates from Catastrophe Indices and Quantification …
The House on Tuesday backed legislation that will increase flood insurance premiums for many property owners to help firm up a program under stress from ever-more frequent and powerful storms. The bill’s passage was secured when sponsors made a variety …
Many will remember the epic winter of 2015 as one featuring ice dams and burst water pipes. But whether from snowstorm, flood or leaky plumbing fixture, water damage is an event that occurs throughout the year — accounting for a …
New Jersey’s U.S. senators want the state attorney general’s office to investigate possible fraud by insurance companies following Superstorm Sandy. Sens. Robert Menendez and Cory Booker asked Acting Attorney General John Jay Hoffman to investigate any fraud by insurers looking …
Most jurisdictions have held that an insurance company with the primary policy owes a duty of good faith and fair dealing to the insurance company with the excess policy requiring a settlement of claims within the primary carrier’s policy limits …
Central Texas is mopping up after strong storms dumped more than a foot of rain in some areas and many homeowners likely will be hoping they have flood insurance in place to cover the damage. The National Weather Service reported …
The National Flood Insurance Program has paid more than 800 claims totaling more than $31 million to property owners in Rhode Island after Superstorm Sandy. The Providence Journal reports that the federal program also rejected about 200 claims. The total …
Louisiana property owners with flood insurance policies whose homes or other structures were damaged during Hurricane Isaac have an additional 60 days to file claims for their flood-related losses. Policy owners now have until April 22 to complete their proof …
The 15 insurers participatin in the National Flood Insurance Program that are handling at least 1,000 claims related to Sandy, the progress they have made in closing claims, and the money they have paid out to date: Company Claims Percent …
Federal authorities now say nearly $11 million is being allocated to southern Utah communities recovering from winter flood damage. The Spectrum of St. George says the increased aid follows a revised Federal Emergency Management Agency assessment. Initially FEMA approved just …