INSURASALES

Tag: Flood Insurance

Massachusetts Municipalities Missing Flood Insurance Savings Due to Non-Participation in FEMA Program

Massachusetts municipalities, including Boston, miss FEMA flood insurance discounts by not participating in the Community Rating System, increasing costs for flood-prone residents.

Government Shutdown Disrupts National Flood Insurance Program Coverage

The U.S. government shutdown disrupts the National Flood Insurance Program, halting policy renewals and new purchases, raising flood risk during hurricane season. Legislative efforts aim to secure program stability.

Brevard County Flooding Exposes Homeowners' Flood Insurance Gaps

Brevard County flood damage reveals common gaps in homeowners' flood insurance coverage, prompting local assistance programs and highlighting insurance industry challenges.

Federal Government Shutdown Halts Flood Insurance, Threatening Hampton Roads Real Estate

The federal shutdown pauses the National Flood Insurance Program, disrupting home sales in flood-prone Hampton Roads and raising financial risks.

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.