Flood insurance is an uncommon solution to a common problem in the United States

Insurance News Editorial

This Week’s Trending Topic: Flood insurance in the US is often misunderstood In the U.S., flood insurance is often a misunderstood issue. Many homeowners throughout the country live in regions that can be considered to be at high risk of flooding, either due to heavy rainfall or because of the region’s exposure to hurricanes. While homeowners in these regions of the country are exposed to flooding disasters, very few people actually have flood insurance protection. This could be due to a simple misunderstanding that most people have regarding their homeowners…

Read More

Floods this summer could break records

Forecasters have predicted that this summer could be accompanied by the worst flooding the United States has seen in its history, as rivers continue to run higher than flood levels and the soil is still saturated from the spring’s rising waters.  The last record-breaking floods were in 1993, when $25 billion in damages occurred between the months of April and August within nine states.  According to the National Weather Service, this year, the water levels haven’t receded much and the soil remains soaked so that it would take only a…

Read More