flood insurance News

Coastal Insurance Costs Increasing as Sea Level Rises

When Julia Lundblad lies in bed at night in her Titlow Beach, Wash., home, she can hear the water sloshing up under her house. It took some getting used to, but she loves it. And she said her neighbors are …

Many Still Reeling From Northwest Louisiana Flood a Year Later

Floods a year ago took everything from Vivian resident Gwen Smith. “I lost my home completely,” she said. Before the flood hit on March 9, 2016, Smith had lived most of her adult life in the mobile home. For two …

Council Bluffs Speeds Levee Improvement to Beat Deadline

Improvements to the Council Bluffs, Iowa, levee system continue step-by-step as city officials keep hoping it’s fast enough to beat federal government action that could cost homeowners a boatload of cash in flood insurance. This week, the city council approved …

Virginia Flood Damage Costliest Since Hurricane Isabel

Virginia suffered only a glancing blow from Hurricane Matthew last month when unprecedented amounts of rain fell, but on Wednesday officials estimated flood damage to be hundreds of millions of dollars, making it the costliest storm since Hurricane Isabel in …

Many Businesses Don’t Have Enough Insurance to Cover Disaster-Related Losses

A fire at the gun shop next door never reached Kathy Laurienti’s sausage and specialty food store, but the water and smoke damage was enough to shut her business down. Because Laurienti didn’t have enough insurance, it’s still closed – …

New FEMA Maps Could Mean More Tennessee Residents Get Flood Insurance

Thousands of property owners may have to purchase flood insurance for the first time as new flood maps go into effect next year in Davidson County, Tennessee. The Federal Emergency Management Agency last month finalized revised flood maps for the …

Lack of Flood Insurance Hinders Recovery for Many Hurricane Matthew Victims

Waist-deep floodwaters from Hurricane Matthew coursed down the street in Pooler and seeped under Lori Galemore’s doors, swamping the carpets and furniture as she and her three sons retreated upstairs, where they stayed until firefighters arrived by boat. Galemore and …

NFIP Buys $1M in Private Reinsurance, Plans More in 2017

The federal government has contracted with private reinsurers to improve the National Flood Insurance Program‘s claims paying ability and reduce the need for the NFIP to borrow from the U.S. Treasury to cover future claims. The Federal Emergency Management Agency …

Congress’ Help Expected to Aid Louisiana in Flood Recovery

Insurance payments and traditional federal aid programs won’t be enough to respond to the catastrophic flooding that ravaged tens of thousands of homes across south Louisiana, wrecking entire subdivisions and devastating entire cities. Louisiana, once again, will be asking Congress …

Homeowners, Businesses Ponder How to Deal With Flood Damage

With up to $150,000 in flood damage to his southeast Louisiana car repair shop and no flood insurance, Lap Nguyen wasn’t sure how he was going to repair his life. He’s spent the past few days cleaning out Gonzales Car …