Australia Flood Insurance News: Local councils fear cost shifting for flood insurance

Australian local government has brought cost shifting to the surface once more as it looks like the federal government’s flood insurance costs will be sent to local councils. Though cities such as Canberra have supported local government decisions to remove state government cost shifting, the Australian Local Government Association (ALGA) has voiced its concerns regarding indications that the federal government is now considering putting the weight of flood risk insurance and carbon tax on local government shoulders. The ALGA has already been speaking out about its worries regarding the likely…

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Florida insurance market reaches cr...
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House votes to renew the National Flood Insurance Program for another five years

The National Flood Insurance Program has been renewed for another five years, after a vote from the House on Tuesday.  The program has been struggling financially for several years, unable to withstand the burden of past disasters and new clients. It has long been the last place people could find affordable flood insurance, especially after Hurricane Katrina drove many insurers away from coastal states. The program’s fate now lies in the hands of Congress, who must determine the final course of action before September 30th, when the program will expire…

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Growing number of abandoned properties causes concern among Tennessee officials

Tennessee officials from Washington County are working to try to resolve the ever-increasing problem of abandoned houses and properties. Among the primary issues being faced is that property owners are no longer maintaining their properties and the requirement is falling onto the shoulders of city workers. Though this is a problem within East Tennessee county, it is far from unique to that area alone. Speaking to commissioners, County attorney John Rambo explained that this particular occurrence has swelled “all across the state of Tennessee and it’s only compounded by the…

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