Flood-prone homeowners wait for new mitigation deal
Dozens of New Orleans homeowners are stuck in limbo as the city negotiates a new management contract for the program. Meanwhile, federally mandated rate hikes for severe repetitive loss properties...
View ArticleBusinesses seek delay in flood insurance increases
Business owners across the New Orleans area face sky-high rate increases under a new law intended to stabilize the government’s debt-laden flood insurance program. Now many are fighting to delay the...
View ArticleNew flood maps could quash local building repair coverage
Experts note sharp premium increases under a new law intended to stabilize the government’s flood insurance program could also cut into the amount of coverage available to help property owners repair...
View ArticleNearly 1/3 of fed flood premiums goes to private insurers
Critics note that one of the biggest hurdles to finding a long-term and stable flood insurance solution is the system of third-party administration of NFIP policies.
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