Posts Tagged ‘flood’

Congress passes bill that eases flood insurance premium hikes

WASHINGTON — Less than two years after passing major legislation aimed at reforming the government’s much-criticized flood insurance program, Congress yesterday sent President Barack Obama a bill to scale back many of the resulting big flood insurance premium increases faced by hundreds of thousands of homeowners. The measure would also allow below-market insurance rates to […] [...]

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 […] [...]

Lawmakers believe disaster assistance will help oyster, crab industry

WASHINGTON, D.C. – U.S. Sens. Thad Cochran (R-Miss.) and Roger Wicker (R-Miss.) say they are optimistic that $10.9 million in disaster assistance awarded to Mississippi will help the state’s commercial oyster and blue crab industries recover from setbacks caused by flooding in 2011. Cochran, a senior member of the Senate Appropriations Committee, and Wicker, a […] [...]

Judge dismisses Kmart/Kroger flooding case

CORINTH — A federal judge has dismissed Kmart Corporation’s lawsuit over flood damage to one of its stores in Corinth. U.S. District Judge Glen Davidson ruled Kmart has insufficient evidence to support its arguments that the Kroger Company store in Corinth caused the neighboring Kmart to flood. Kmart sued the city of Corinth and Kroger […] [...]

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 […] [...]

MSU dorms flooded due to freezing temperatures

STARKVILLE — Mississippi State University officials say one wing in Ruby Hall will be closed for the entire spring semester while repairs to Oak Hall and Magnolia Hall could be completed in a few days. The three dormitories suffered water damage this week after sub-freezing temperatures ruptured pipes and flooded the structures. In Ruby Hall, […] [...]

Delta State’s DMI sees significant water damage

CLEVELAND — The Delta Music Institute at Delta State University experienced major flooding damage to its facilities in the Whitfield Building on Friday due to a busted pipe located at the top of the building. DMI instructor Barry Bays discovered the damage when arriving at the DMI around 10:30 a.m. It is unclear when the […] [...]

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 […] [...]

Chaney: New flood insurance rates lack adequate data

by Published: November 8,2013

Tags: Business, flood, Gulf Coast, Mississippi

Hurricane Katrina could continue exacting a price on Mississippi’s gulf coast residents and businesses for generations to come through exorbitant flood insurance premiums, Mississippi Insurance Commissioner Mike Chaney says in explaining his bid to head off such an outcome by suing the federal government in the U.S. District Court for the Southern District of Mississippi. […] [...]

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