flood insurance rates News

New Jersey Second Homeowners in Limbo a Year After Sandy

The Jersey shore’s small vacation bungalows and cottages have for decades staked out little plots of paradise where families who scrimped and saved could while away summer evenings, parents having drinks on the deck and kids working the ice cream …

Senators Concerned About Flood Insurance Rates

Twenty-four U.S. senators, including both from Mississippi and both from Louisiana, have signed a letter saying they want “immediate relief” for people facing steep rate increases for coverage in the National Flood Insurance Program. The letter was sent Friday to …

New Flood Insurance Rates Spark Anxiety in Gulf

When Colin and Joyce Elston bought their Florida dream home in May, they were confident they could afford the three-bedroom, two-bathroom ranch with a pool and a backyard overlooking the Intracoastal Waterway. Now they are not so sure. The retirees …

Senator Wants to Delay New Flood Insurance Rules

U.S. Sen. Elizabeth Warren says she’s concerned about new federal flood insurance rules. Warren is pressing Federal Emergency Management Agency Administrator Craig Fugate about the impact of the new rules on families in Massachusetts and across the country who have …

Mississippi Flood Insurance Rates to Surge

With the eighth anniversary of Hurricane Katrina near, homeowners along the Mississippi Coast also have to brace for possible rate increases of 20 percent for flood insurance and 3.2 percent for wind pool insurance. The Clarion-Ledger reports state Insurance Commissioner …

Delaware Towns Worry About Hike in Flood Insurance

Kent County residents and leaders are getting their first look at new flood maps and worrying about the impact on flood insurance rates. The News Journal reported that federal officials unveiled new flood maps for Kent County on Tuesday night. …

Oklahoma Flood Insurance Rate Increases in October

The Oklahoma Department of Insurance says flood insurance administered by the National Flood Insurance Program is set to increase rates for new and renewal policies effective Oct. 1. Flood insurance is offered to homeowners, renters and business owners to protect …

HUD, DOT Chiefs in New Jersey Announce New Post-Sandy Regs

Homeowners and businesses using federal disaster aid to rebuild from Superstorm Sandy will have to take additional flood protection measures, top federal officials announced Thursday. The new standard will require that residential, commercial or infrastructure projects using federal aid elevate …