INSURASALES

Tag: Flood Insurance

Insurance Executives Gain Billion-Dollar Fortunes in Florida P&C Market

Three insurance leaders reach billion-dollar wealth by capitalizing on Florida's volatile property and casualty insurance market, with significant stock gains in Slide Insurance and Neptune Insurance Holdings.

NFIP Faces Operational Strain Amid FEMA Staff Cuts and Reauthorization Deadline

The National Flood Insurance Program faces operational challenges due to FEMA staff cuts and an upcoming reauthorization deadline, affecting flood insurance availability and premiums.

NFIP Expiration Threatens Louisiana Flood Insurance Market Amid Hurricane Season

The National Flood Insurance Program faces expiration at the end of September, risking flood insurance availability in Louisiana during peak hurricane season. Key impacts include halted policy renewals, stalled real estate transactions, and reduced FEMA flood claim payments.

St. Augustine Achieves CRS Class 4, Cutting Flood Insurance Premiums by 30%

St. Augustine, Fla., advances to CRS Class 4 under NFIP, enabling 30% flood insurance premium discounts through enhanced floodplain management and FEMA-approved mitigation measures.

Livingston Parish Flood Insurance Rates to Drop After CRS Rating Upgrade

Livingston Parish's flood insurance rates will drop by 15% following an upgrade from Class 10 to Class 7 under the FEMA Community Rating System, improving floodplain management and insurer risk profiles.

Oklahoma Homeowners Face Rising Insurance Costs Amid Coverage Gaps for Hail and Flood Damage

Oklahoma homeowners encounter high insurance premiums and significant coverage gaps for hail and flood damage, emphasizing the importance of regular policy reviews and flood insurance amid increasing weather risks.

Flood Insurance: Essential Coverage Homeowners Often Overlook

Many homeowners lack flood insurance despite flood risks outside high-risk zones. Learn why flood coverage and preventive maintenance are crucial for all property owners.

New Bill Proposes Tax Deduction for Flood Insurance Premiums in Florida

The Flood Insurance Relief Act aims to provide tax deductions on flood insurance premiums for middle-income homeowners in Florida, addressing low coverage rates and rising costs in flood-prone areas.

Broome and Tioga Counties Face $25M-$30M Storm Damage, Insurance Claims Surge

Severe July storms in Broome and Tioga Counties, NY cause $25M-$30M in property damage, prompting a rise in home and auto insurance claims and highlighting flood insurance importance.

NJ Flash Floods Trigger Surge in Insurance Claims Amid Rising Premiums

New Jersey flash flooding leads to a surge in homeowners insurance claims and rising premiums, with increased policy non-renewals impacting flood-prone areas.