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
Flood Coverage
Report Due on Nation Flood Insurance Program
By Tred R. Eyerly on
Subject to the dangers of hurricanes, Hawaii has an interest in the vitality of the National Flood Insurance Program (NFIP) that is set to expire on September 30, 2008, unless renewed by Congress.
The program was created in1968 because the private sector does not adequately provide flood insurance. Under the program, …
Senate Considers Expansion of National Flood Insurance Program
By Tred R. Eyerly on
Reuters reports that a battle is forming in the Senate regarding legislation to reform federal flood insurance. Congress established the flood program in 1968 to provide flood insurance that private companies refused to offer.
The Senate Banking Committee voted unanimously in October to reform the program, but refused to follow the …
Fifth Circuit Enforces Anti-Concurrent Causation Clause to Exclude Damage Caused by Flood
By Tred R. Eyerly on
Coverage of wind and flood damage under homeowners’ policies in the aftermath of Hurricane Katrina has been a hot topic of litigation. Because Hawaii is also prone to wind and flood damage, cases addressing coverage under homeowners’ policies has relevance here.
A recent case from the Fifth Circuit Court of Appeals,
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