Flood insurance rates may see turmoil throughout the US in coming months

March 12, 2014March 10, 2014 Logan B.

Insurance rates may soon become chaotic due to changing flood maps and new legislation Flood insurance rates are expected to begin fluctuating throughout the U.S. this year. Reforms are taking hold of the National Flood Insurance Program due to new legislation. The provisions of this legislation are delaying significant increases in insurance premiums for the time being, but the Federal Emergency Management Agency (FEMA), which oversees the federal insurance program, continues to make revisions to flood maps that are having a dramatic impact on the cost of insurance protection. Arizona…

Hurricane Sandy sparks aggressive support from New York officials

November 22, 2012November 20, 2012 Marc

New York officials mobilize to help victims in wake of Hurricane Sandy Homeowners in New York are still reeling in the wake of Hurricane Sandy, which struck the state and its neighbors in late October. The storm proved to overcome expectations of its strengths and caused havoc throughout the state, generating widespread floods and claiming 131 lives in the U.S. Insurers are still evaluating the damage caused by the storm, but estimates concerning Hurricane Sandy’s impact suggest that the storm caused some $50 billion in damages. Staten Island residents find…

AIR Worldwide Reports from Areas Affected by Sandy, Part III

November 20, 2012 Guest Author

Flood Insurance Hurricane Sandy Jersey Shore

This report is the third in a series from AIR’s recently concluded damage survey of areas impacted by Sandy, which made landfall on October 29, 2012, five miles southwest of Atlantic City, New Jersey. On November 11, 2012, AIR teams were deployed to survey damage in New York and New Jersey. The commentary in this report provide an initial glimpse into the kinds of damage patterns caused by this event in Staten Island, New York, and Toms River, Point Pleasant Beach, Sea Bright, Keyport, Union Beach, Keansburg, Kearny, Secaucus, Moonachie,…