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The National Flood Insurance Program has paid out almost eight billion dollars to property owners flooded by Hurricane Sandy, settling 99% of outstanding claims.
Flood insurance costs are affecting home prices on Long Island’s South Shore, with houses nearer the water selling for less — especially if they haven’t been elevated.
Florida is backing Mississippi in a court case seeking to stop flood insurance rate hikes. Meanwhile, Louisiana may bring its own Federal suit.
Coastal dwellers in Maine are alarmed by new flood plain maps, which could expose many property owners to insurance rate hikes.
Concern over coming hikes in flood insurance premium is spreading along the coastline, as homeowners wake up to the coming increases.
Senators and Representatives from both parties are backing a measure that would pause the premium increases while FEMA studies the financial impact of the new policy.
Two Oklahoma lawmakers are asking their state’s Supreme Court to overturn a new law that overhauls the state’s workers comp system.
Insurance companies have to cover overhead and profit when compensating homeowners for damage, the Florida high court has ruled.
The insurance industry’s Institute for Building and Home Safety says Louisiana has weakened its building standards, but the state’s HBA has a different take.
Twelve years after Lennar decided to repair homes with defective exteriors before being sued, the Texas high court has ruled that Lennar’s insurer must pay for the work.
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