high risk flood zones News

CoreLogic: 60,000 New Orleans Homes No Longer in High Risk Flood Zone

New data analysis released by CoreLogic indicates that in the Orleans Parish, which encompasses the city of New Orleans, nearly 60,000 homes with a reconstruction cost value of more than $12 billion will no longer be located in a designated …

Jersey Sandy Victims Support Government Mitigation, Don’t Want to Pay

New Jersey residents who were surveyed four months after Hurricane Sandy battered the East Coast of the United States in October 2012 expressed strong support for government policies to reduce the likelihood of severe damage from future hurricanes, according to …

Reinsurers, NFIP Will Bear Brunt of Sandy Losses

While primary insurers will likely shoulder most of the losses from Hurricane Sandy, the reinsurers might not go completely unscathed, based on recent experience. An analysis of catastrophe losses in the wake of Hurricane Irene, which also affected the New …