Most people don’t realize that if they leave their home unoccupied for an extended period, their homeowner’s insurance carrier most likely will not provide coverage for a claim made for something that happened while their house was vacant. Having no coverage would leave the homeowner...
Most people equate flooding with living near lakes, rivers, and streams, but as residents of cities like New Orleans, Baton Rouge, and many other coastal towns can tell you, it can happen just about anywhere there is a body of water. With the risks of flooding...
The Office of the Comptroller, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Association, and the Farm Credit Administration announced the release of new regulations concerning the acceptance of private flood insurance by regulated lenders....
In the past 15 months, Congress has managed to pass no less than nine extensions to the National Flood Insurance Program. Currently, the NFIP provides flood insurance coverage for approximately 5.1 million properties. The program also offers essential assistance during emergencies. The last of these...
In 1968 the National Flood Insurance Program was developed as a way for people to be able to afford flood insurance for their homes and business. Today, what started as a great idea has become a program that bleeds the color of money, green. While...
Here we are, the 116th Congress is now in session and split between a Republican Senate and a Democratic House. The one thing we can all count on is that our government is still heavily divided along party lines. However, serious reform of the National...
Recent studies published by the NOAA (National Oceanic and Atmospheric Administration) and the National Hurricane Center show a significant increase in how often and how intense the rain storms in Houston have become. This information becomes even more critical when you add in the information...
While it’s true that Hurricane Florence did indeed leave vast tracts of North Carolina submerged under stormwater and surge, according to Chief Executive of the NFIP, David Maurstad, the number of claims total slightly over 14,000 to date. The reason for such a low number...
If you live in California, you are already more than familiar with the severe wildfire crisis that has been troubling the state for the past several years. Over the past few years, the fires have only become worse resulting in hundreds of thousands being evacuated...
Projections in a report issued by the University of South Carolina estimate insured losses due to Hurricane Michael could reach as high as $11 billion. When Hurricane Willa was heading towards Mexico, many homeowners in the U.S. started inquiring about flood insurance. With the continued...