Posts Tagged ‘flood insurance’

Concerns still high about possible flood insurance hikes

GREENVILLE — Henry Nathaniel has escaped the rising tide of flood insurance costs for now, but he’s still worried. The retired 70-year-old owns a 1,650-square-foot house valued at less than $50,000 on Greenville’s north side. He was already paying a relatively steep $550 a year to the National Flood Insurance Program. Then he got a […] [...]

Cochran supports House’s version of flood insurance bill

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) is praising the passage of legislation in the House of Representatives that, like a Senate-passed bill he helped write, would protect homeowners, businesses and communities from unreasonable flood insurance premiums without jeopardizing the stability of the National Flood Insurance Program (NFIP). Cochran said the Homeowner Flood Insurance […] [...]

U.S. Senate passes flood insurance bill

WASHINGTON – The U.S. Senate has passed a flood insurance bill Sen. Thad Cochran (R-Miss.) helped write by a vote of 67-32. The Homeowner Flood Insurance Accountability Act (S.1926) would amend the Biggert-Waters Flood Insurance Reform Act of 2012 to give the Federal Emergency Management Agency (FEMA) time to certify its flood mapping methods and […] [...]

Provision could nix some higher flood insurance premiums

WASHINGTON — Homeowners worried that new federal flood maps will send their flood insurance premiums skyrocketing would get some short-term relief under a provision tucked into a massive government-wide funding bill. But other changes to the federal flood insurance program, including higher premiums on businesses, vacation homes and frequently flooded properties will remain in place, […] [...]

Judge rules against Kmart in flood damage case

CORINTH — A federal judge has denied a request from Kmart Corporation to file a corrected report on testimony of its engineering expert in a lawsuit over flood damage to one of its stores in Corinth. U.S. District Judge Glen Davidson ruled in December that changing the testimony would force both sides to incur more […] [...]

Cochran ‘encouraged’ by effort to stop flood insurance reforms

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) says he is encouraged by the growing momentum for the Senate to consider bipartisan legislation he helped write to stop flood insurance reforms that are having unintended and harmful economic consequences throughout Mississippi and other states. Cochran met with dozens of local officials and business leaders in […] [...]

Proposed federal flood insurance changes bog down

WASHINGTON — Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to put the flood insurance program on sounder financial footing even as the implementation […] [...]

Senators want ‘immediate relief’ from flood insurance

WASHINGTON — Twenty-four U.S. senators, including both from Mississippi and both from Louisiana, have signed a letter saying they want “immediate relief” for people facing steep rate increases for coverage in the National Flood Insurance Program. The letter was sent to Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell. The rate hikes were […] [...]

Insurance Department files lawsuit; looks to block federal rate hikes

JACKSON — The Mississippi Department of Insurance filed a lawsuit yesterday against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. State Insurance Commissioner Mike Chaney said that unless something changes, some customers could see their rates rise by more than 3,000 percent because of a […] [...]

CARTOON — Ricky Nobile on Flood Insurance

by Published: September 6,2013

Tags: alligator, flood insurance, Gulf Coast, Mississippi, ricky nobile

[...]

Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments