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After receiving negative attention for lax code policies, Mississippi has moved to require enforcement of model building codes statewide.
Private firms are entering the coastal flood insurance market with privately-backed alternatives to the federal government’s National Flood Insurance Market. But are those plans a good value? And how safe are they?
President Obama has signed a measure that reins in steep hikes in flood insurance under the federally-backed National Flood Insurance Program.
In a bid to strengthen its financial position, Texas’ insurer of last resort for coastal homeowners may tack a surcharge onto auto insurance policies in coastal counties.
The U.S. House of Representatives passed a measure limiting flood insurance rate hikes and delaying the implementation of new flood risk maps. Now it’s the Senate’s turn.
A coastal Massachusetts home, repeatedly rebuilt with insurance money after damaging floods, draws criticism as an example of what’s wrong with U.S. flood policy.
The House of Representatives could be ready to vote for its own version of legislation that will reverse, or at least delay, the coming increase in flood insurance premiums.
Florida lawmakers want to take a second look at a proposed law that would make it easier for private companies to sell flood insurance policies competing with the federally-run National Flood Insurance Program. But one Florida flood insurance provider is already expanding into other states.
FEMA will wait 18 months to hike flood insurance premiums for some “grandfathered” properties, heeding language in the big spending bill passed by Congress in January. But controversy still rages in Congress over more sweeping measures to halt the big rate increases.
As work heats up along U.S. coastlines to meet new flood elevations,contractors are jumping in to get new work elevating houses. Reports of dropped houses abound, but one Long Island builder has figured out how to do it right.
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