For the past two years, Cheri Lerma of Cheri’s Cafe & Cannon Beach Cookie has spent almost $10,000 on flood insurance she knows she doesn’t need. As a part of a countywide study by the Federal Emergency Management Agency, preliminary …
An estimated 23 percent of residential and commercial properties in the U.S. are at High or Moderate risk of flooding, based on CoreLogic proprietary flood analysis, but are outside of designated Special Flood Hazard Areas (SFHA) as identified by the …
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 …
President Donald Trump signed a $36.5 billion emergency aid measure on Thursday to refill disaster accounts, provide a cash infusion to Puerto Rico and bail out the federal flood insurance program. The president signed the bill after the Senate sent …
The head of the National Flood Insurance Program said Wednesday early estimates show Hurricane Harvey will result in about $11 billion in payouts to insured homeowners, mostly in southeast Texas. That would likely put Harvey as the second costliest storm …
The catastrophic flooding unleashed on Texas by Harvey was unprecedented. Elsewhere in the world, flooding associated with wild weather is a challenge confronting all types of communities from coastal cities in Asia to mountain villages in Europe. In the last …
Gov. John Bel Edwards announced Wednesday he wants to broaden Louisiana’s flood aid program to include homeowners whose flood insurance proceeds didn’t cover their rebuilding costs and to boost grant amounts. Initial limits setting homeowner eligibility for the rebuilding aid …
Mississippi’s top insurance regulator and its only Democratic congressman are both ready to cede some of the federal flood insurance market to private insurers. Both Republican Insurance Commissioner Mike Chaney and U.S. Rep. Bennie Thompson say they’re open to proposals …
Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners in areas likely to …
Federal officials say new flood maps for parts of North Dakota are expected to be released in early June. Federal Emergency Management Agency official Ryan Pietramali told the Minot Daily News that science and technology have improved the agency’s understanding …