flood insurance premiums News

Louisiana Community ‘a Ghost Town’ a Year After Isaac

Isaac barely had hurricane-strength winds when it blew ashore southwest of New Orleans a year ago, but its effects are still apparent in coastal areas where it flooded thousands of homes. After landfall on Aug 28, 2012, Isaac stalled, dumping …

Flood Insurance Chief Visits Louisiana

The man who oversees the National Flood Insurance Program is visiting Louisiana for a tour of the state’s flood protection infrastructure as members of the congressional delegation fight the possibility of skyrocketing flood insurance premiums. At issue as David Miller …

Lousiana Senator, Challenger Compete on Flood Insurance

U.S. Sen. Mary Landrieu and her Senate race challenger, U.S. Rep. Bill Cassidy, are jockeying for credit and prominence on a high-profile problem for many Louisiana residents: the skyrocketing cost of flood insurance premiums. Cassidy, R-Baton Rouge, worked with other …

Flood Insurance Changes Hit Resistance, Face Delay

Hundreds of thousands of homeowners facing higher federal flood insurance premiums under reforms passed last year would win a temporary one-year reprieve under a measure that began its advance through the Senate on Tuesday. The relief would go to homeowners …

Post-Sandy Flood Maps Bring Some Relief to Coast

More than seven months after Superstorm Sandy devastated parts of the Jersey shore, thousands of homeowners are getting some relief from crushing rebuilding and insurance costs. The federal government has updated its flood maps laying out the likelihood of damage …

FEMA Officials Prep for Sticker Shock

Federal officials are encouraging homeowners in flood-prone communities to consider elevating their homes and increasing their deductibles to cut down on the sticker shock from rising flood insurance premiums. Congress approved legislation last year designed to put the National Flood …

Biloxi Residents to Save on Flood Insurance

Biloxi, Miss.’ ranking in FEMA’s Community Rating System has improved to a Class 5, which for those living in a flood zone means 25 percent lower flood insurance premiums. The Sun Herald reports the city learned last week its rate …