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2012 November - Flood Insurance Consumer Information

Flood Insurance Consumer Information

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Entries for November, 2012

End Federal Flood Insurance

End Federal Flood InsuranceNews from New York Times: IT’S no surprise that it can be very expensive to live near the ocean. But it may come as a surprise to American taxpayers that they are on the hook for at least $ 527 billion of vulnerable assets in the nation’s coastal flood plains. Those homes [...]

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Aon launches flood insurance reinstatement call option

Aon launches flood insurance reinstatement call optionNews from Business Insurance: Aon Risk Solutions, the global risk management business of London-based Aon P.L.C., has created a new call option for its Flood Secure flood insurance reinstatement product. The Flood Secure Flex call option allows U.S. organizations to lock in pricing and terms for replacement flood coverage, [...]

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UPDATE 2-Talks over UK flood insurance fund break down

UPDATE 2-Talks over UK flood insurance fund break downNews from Reuters: Mon Nov 26, 2012 10:21am EST * Govt refuses overdraft for flood insurance fund – ABI * Floods threaten 70,000 properties – Environment Agency * Govt “disappointed” by ABI statement – spokeswoman By Myles Neligan LONDON, Nov 26 (Reuters) – Britain has refused to [...]

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Talks over UK Flood Insurance Fund Break Down

Talks over UK Flood Insurance Fund Break DownNews from PropertyCasualty360: LONDON (Reuters) – Britain has refused to bankroll a fund to subsidize insurance for households in flood-prone areas, derailing talks over the scheme and potentially leaving 200,000 homes without protection. The government has told insurers it will not provide an overdraft to the proposed fund, leaving [...]

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Guiding clients after the storm, insurance agencies brace for life after Sandy

Guiding clients after the storm, insurance agencies brace for life after SandyNews from The Star-Ledger – NJ.com: By Ed Beeson/The Star-Ledger The Star-Ledger on November 25, 2012 at 7:00 AM, updated November 25, 2012 at 7:10 AM Jacki Frank, president of Tri-County Agency of Brick. The insurance agency has hundreds of clients who have filed [...]

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Sandy’s victims find flood insurance coverage wanting

Sandy’s victims find flood insurance coverage wantingNews from Newsday: Originally published: November 20, 2012 7:42 PMUpdated: November 20, 2012 7:43 PMBy JOE RYAN  joe.ryan@newsday.com Photo credit: Steve Pfost | Massapequa resident Joe Demeo stands outside his home that was flooded during superstorm Sandy, destroying the upright piano from his childhood among other belongings. (Nov. 19, [...]

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Flood Insurance Program

Flood Insurance ProgramNews from New York Times: Connect With Us on Twitter For Op-Ed, follow @nytopinion and to hear from the editorial page editor, Andrew Rosenthal, follow @andyrNYT. “Flood Insurance, Already Fragile, Faces New Stress” (front page, Nov. 13) is correct in its analysis of the federal government’s National Flood Insurance Program. The program supports [...]

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Why You Need Flood Insurance

Why You Need Flood InsuranceNews from Fox Business: Just because you don’t live close to water doesn’t mean you don’t need flood insurance. Just ask homeowners caught in Hurricane Sandy’s path earlier this month that live in areas considered a minimal risk of flooding, but found themselves under water. “Twenty-percent of all the claims being [...]

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UK flood insurance subsidy deal in doubt

UK flood insurance subsidy deal in doubtNews from Reuters: By Myles Neligan LONDON | Thu Nov 22, 2012 1:16pm EST LONDON (Reuters) – A plan to guarantee affordable insurance for homes in Britain’s flood-prone regions could fail because the government won’t provide the scheme with a financial backstop, several industry sources said. A collapse of [...]

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Isaac flood insurance claim deadline extended until end of January

Isaac flood insurance claim deadline extended until end of JanuaryNews from NOLA.com: By Mark Schleifstein, NOLA.com | The Times-Picayune The Times-Picayune on November 21, 2012 at 4:35 PM Louisiana property owners whose homes or other structures were damaged during Hurricane Isaac have been given an additional 60 days to file flood insurance claims, the Federal [...]

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