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Insurer admits to shifting costs to NFIP in Katrina case

An insurance company admitted to shifting its costs to the federal National Flood Insurance Program in the first wind versus water damage case from Hurricane Katrina to reach Mississippi’s high court....

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Mississippi congressman urges Obama to add wind coverage to NFIP

On the heels of the president’s trip to New Orleans, Rep. Gene Taylor (D-Miss.) is calling for reform to the National Flood Insurance Program, including the addition of wind coverage. Gene Taylor...

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Insurance groups praise latest NFIP extension; seek longer-term solution

On the heels of another short-term extension for the National Flood Insurance Program (NFIP), two national industry groups say they are pleased the initiative will continue, but seek greater certainty...

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Virginia agents grappling with short-term NFIP extension

The need for a long-term extension to the National Flood Insurance Program is something lurking “in the back of our minds,” says a Norfolk, Va.-based personal lines manager. On Oct. 30, NFIP...

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Group urges Congress to stop ‘havoc’ of short-term NFIP extensions

A national insurance agents group is asking Congress to finally address a long-term solution to preserve the National Flood Insurance Program for the foreseeable future. The National Association of...

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House panel approves National Flood Insurance Program extension

The U.S. House Financial Services Committee has forwarded a plan to extend the National Flood Insurance Program for five years to the full House. Maxine Waters Rep. Maxine Waters (D-Calif.) submitted...

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Mississippi governor rejects $20 million for wind insurance pool

Mississippi Gov. Haley Barbour has vetoed the allocation of $20 million by state legislators to subsidize the state’s Windstorm Underwriting Association (Windpool), calling such a move “not only...

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Va. insurance commissioner urges preparation for hurricane season

With hurricane season approaching, Virginia’s insurance commissioner is urging state residents to talk to their insurance agents and providers about coverage options, including the National Flood...

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House starts move toward five-year national flood insurance extension

View the latest news on this topic. The U.S. House of Representatives passed a bill extending the National Flood Insurance Program for five years. Maxine Waters The measure, which still needs Senate...

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House to debate ‘unnecessary’ addition of windstorm coverage to NFIP

View the latest news on this topic. The U.S. House of Representatives is scheduled today (July 22) to debate a bill that would expand the National Flood Insurance Program (NFIP) to include windstorm...

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