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Entries for September 2007

Friday, September 28, 2007
PCI Opposes Inclusion of Wind Coverage in Flood Bill
By host @ 11:05 PM :: 2274 Views :: 0 Comments :: Article Rating :: NFIP, Home
WASHINGTON—The Property Casualty Insurers Association of America (PCI) opposes the inclusion of language from H.R. 920, the Multiple Peril Insur...
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Friday, September 28, 2007
Bush vows veto of U.S. House flood insurance bill
By host @ 11:01 PM :: 1963 Views :: 0 Comments :: Article Rating :: NFIP, Home
WASHINGTON, Sept 26 (Reuters) - The Bush administration on Wednesday threatened to veto a post-Katrina bill in the U.S. House of Representatives that ...
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Friday, September 28, 2007
House-Passed Flood Insurance Bill Includes Windstorm, Business Interruption Options
By host @ 10:56 PM :: 2024 Views :: 0 Comments :: Article Rating :: NFIP, Home
The U.S. House of Representatives has passed a measure updating the nation's flood insurance program that will give homeowners the option of purchasin...
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Friday, September 28, 2007
Wind insurance legislation passes; program extended
By host @ 10:46 PM :: 1691 Views :: 0 Comments :: Article Rating :: Home, Hurricanes
WASHINGTON — Fourth District Rep. Gene Taylor claimed victory Thursday in a two-year campaign to add wind coverage to national flood insurance, ...
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Saturday, September 22, 2007
High court: Insurers not responsible for flood damage
By host @ 8:55 AM :: 2084 Views :: 0 Comments :: Article Rating :: NFIP, Home, Hurricanes

— In a case that may reduce payouts to hundreds of 2004 hurricane victims, the Florida Supreme Court ruled Thursday that insurers must only pay for damage specifically covered by their policies.

The 7-0 decision affects many homeowners who have not settled with their insurance companies over whether damage caused by Hurricanes Charley, Frances, Ivan, or Jeanne came from wind or flood waters, for which many homeowners are not insured.

The opinion will not affect residents who have already settled with their insurance companies, attorneys familiar with the case said Thursday."

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