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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.
In coastal states, surging premiums for flood insurance are a hot topic. But the issue is also coming to the fore in inland states such as West Virginia.
New Jersey shore dwellers were promised that recovery funding would repay their out-of-pocket rebuilding expenses. Now, the story’s changed.
In a few cases, the latest FEMA flood map redraw has brought bad news.
Louisiana Senator Mary Landrieu is using her power as committee chairwoman to attach a one-year moratorium on flood insurance rate hikes to a major Homeland Security funding bill.
Electric utilities in New York face a mounting list of property owners blaming them for the catastrophic overnight fires that consumed hundreds of houses during the Hurricane Sandy floods.
They haven’t changed the law yet. But Senators and Congressmen are urging FEMA to hold off on punishing flood insurance rate increases.
Some homeowners with foundations damaged by Sandy flooding are finding they can’t collect on their flood insurance policies.
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