us army corps of engineers Archives

Flood insurance premiums may lead to partial law repeal

March 3, 2014March 3, 2014 G. Turner

FEMA’s program regulations will be subject to a vote in the house as early as this week. The 2012 law that reformed the National Flood Insurance Program, which is suffering from an overwhelming amount of debt that has no end in sight, will be facing a vote as early as this week, which could partially repeal the regulations that have been put in to place – and more that would have been on their way. The law was designed to make it so that individuals living in higher risk areas…

North Dakota consumers win with flood insurance legislation

October 24, 2012October 24, 2012 S.Vagus

New legislation makes changes to North Dakota flood insurance policies Legislation has been passed in North Dakota that changes the effective date of flood insurance policies throughout the state. Last year, many homeowners purchased or upgraded flood insurance policies in the wake of flooding in the Missouri River. Those purchasing policies after the disaster struck had feared that their newly bought coverage would not cover the damage that had been done to their homes and properties. Thanks to new legislation, their policies may now actually provide them with the coverage…