The Frankfort, Indiana Times reports that as a consequence of heavy flooding this winter, state insurance regulators will require additional training for agents selling flood insurance.  Home insurance policies generally do not include coverage for flood damage.  Only one percent of Indiana’s 2.3 million homes have such insurance, while flood losses from 1998 to 2007 total $40 million.

     While visiting flood impacted areas this winter, state insurance regulators have responded to many questions about flood coverage and have realized people are under-informed about the coverage.  Therefore, after July 1, new agents will be required to take a three-hour course before selling policies.  Current agents must complete the course by 2010.