On September 29th, 2019, President Trump signed the 30th sixty-day extension to the National Flood Insurance Program (NFIP) as it was set to expire on September 30th. Meanwhile, the program continues to be plagued with maps that are forty years old and of little use...
Until recently, the average homeowner was unaware that their homeowners' insurance policy did not cover damage caused by flooding. You must have either a rider or separate flood policy that covers flooding resulting from water that runs on top or under the ground. In 1968 the...
Back in April as Hurricane Irma dumped rain on Florida, the retention ponds located at the corner of State Road 108 and Kirkman Rd. overflowed causing flooding the Orla Vista neighborhood. This is just one example of how the recent spate of hurricanes, tropical storms and...
In mid-September, Tropical Depression Imelda did the unthinkable dumping over forty inches of rain in Southeast Texas just to the east of Houston. The water damaged hundreds of homes and over 1,000 people had to be rescued from flooded homes, reminding many of the damage...
The Trump administration has unveiled one of the biggest overhauls of the National Flood Insurance Program (NFIP) in its history. Many climate advocates believe the changes will encourage communities to become better prepared for weather extremes. However, the changes may also drive costs up for...
After an extended period of absence, the private sector is finally beginning to offer flood insurance, in the hopes that the percentage of homeowners who purchase flood insurance up and out of the single digits....
When most of us tend to think of technology with regard to the insurance industry, we tend to think of it in terms of the latest vehicle monitoring devices or perhaps self-driving cars. However, while it might not receive the same high-level of attention, the...
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....