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Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. "The ...
The Federal Emergency Management Agency (FEMA) said on Friday it will resume issuing new flood insurance policies during the partial U.S. government shutdown, reversing a decision announced before ...
When Superstorm Sandy flooded Liz Treston's home on the South Shore of Long Island, she worried her wheelchair would prevent first responders from rescuing her. So Treston, a quadriplegic, wrote her ...
With the clock ticking on the National Flood Insurance Program's authorization that is set to run out this Friday, Nov. 30, Congress is expected to renew the program short-term by taking one of ...
When Hurricane Florence reached Belhaven, North Carolina, last weekend, the flooding that followed was unlike anything Ricky Credle, the mayor of the tiny coastal town had ever experienced. "I've ...
The National Flood Insurance Program, private flood insurance carriers and auto insurance writers will likely deal with the bulk of insured losses from Hurricane Florence, Fitch Ratings said in a new ...
U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation's troubled flood insurance program remains stalled in ...
Everyone in the insurance industry knows that the National Flood Insurance Program is on its deathbed, notwithstanding the recently passed extension, and many are prepared to step in. Insurers are ...
Congress avoided a lapse in the federal flood insurance program when the Senate voted 86-12 on July 31 to extend authorization for the program by four months to Nov. 30. The National Flood Insurance ...
Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country's most common natural disaster, said Katy Sivyer, underwriter for North America ...
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