Senator calls for changes to National Flood Insurance Program

flood insurance news

Flood insurance may need more reform in the future United States Senator Charles Schumer believes that major changes must be made to the National Flood Insurance Program. The federal program is typically the only place that homeowners can find flood protection, but this coverage is provided by private companies that work with the program. These companies have fallen under harsh criticism in recent years due to their handling of claims related to Hurricane Sandy and other disasters that have produced claims. Senator Schumer calls for changes to be made to…

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Senators target National Flood Insurance Program

Flood homeowners Insurance Program

Flood insurance generates more controversy in the US Two Senators from New Jersey have taken issue with the National Flood Insurance Program. The program is typically the only place for homeowners to find flood protection in the United States, but the program has been beleaguered by financial problems for years. These financial issues hit a height in the wake of 2011’s Hurricane Sandy, which caused an estimated $68 billion in damage in several states along the eastern coast of the country. Senators believes that federal insurance program may be avoiding…

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Senator Schumer takes aim at insurers in wake of Hurricane Sandy

Senator Schumer hurricane sandy

Senator Schumer troubled over actions of insurance companies Hurricane Sandy has caused a lot of trouble for insurance companies, consumers, and state governments in the Eastern U.S. New York, in particular, has seen a great deal of these troubles manifest in the wake of the powerful storm. With storm surges causing widespread flooding and damages being done to homes and other properties, the state is reeling from the impact of Hurricane Sandy. Senator Charles Schumer believes that the troubles are just beginning for the state, however, especially as insurers look…

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