Press Release: National Flood Insurance Program Announces Increase to 25%

ROCKY POINT, N.Y., May 19, 2016 /PRNewswire/ — Based on information from the National Flood Insurance Program ALL flood insurance POLICIES are subject to new assessments and surcharges. Premiums are expected to increase 9% on average. New York, Nassau & Suffolk homeowners can expect flood insurance rates[1] to continue to rise year over year, with the highest increase of 25% for...

READ MORE Press Release: National Flood Insurance Program Announces Increase to 25%

Cassidy, Gillibrand Release National Flood Insurance Extension Draft Legislation for Comment | U.S. Senator Bill Cassidy of Louisiana

  Cassidy, Gillibrand Release National Flood Insurance Extension Draft Legislation for Comment WASHINGTON—Today, US Senators Bill Cassidy, MD (R-LA) and Kristen Gillibrand (D-NY) released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set to expire on September 30, 2017. “The National Flood Insurance Program gives essential coverage for many,” said Dr....

READ MORE Cassidy, Gillibrand Release National Flood Insurance Extension Draft Legislation for Comment | U.S. Senator Bill Cassidy of Louisiana

Munich Re Announces New U.S. Inland Flood Insurance Product, Providing More Options for Homeowners

PRINCETON, N.J.–(BUSINESS WIRE[1])–Munich Reinsurance America, Inc. announces a new personal lines inland flood insurance product designed to provide more options for homeowners in low-to-moderate-hazard flood zones. According to the National Flood Insurance Program (NFIP), flood is the most common natural disaster in the United States and all 50 states have experienced floods or flash floods over the past five years....

READ MORE Munich Re Announces New U.S. Inland Flood Insurance Product, Providing More Options for Homeowners