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Washington--Besides financial restructuring, reform of the National Flood Insurance Program must include updating flood plain maps used to set premium rates and home purchase requirements, witnesses to

FOR THE past decade or so, we've covered flood insurance in the February issue. The thinking was that spring historically has been the time when snow melts, rains fall, rivers rise and homes flood. Consequently, February should be a good time

Industry pitches possible fixes, but senator challenges White House for

Allstate-backed group lashes out at insurer associations challenging

Washington--An organization campaigning for a federal catastrophe fund is firing back at insurance trade groups that have attacked the concept arguing that the private sector remains capable of coverin

Launched on Jan. 1, the new agents-only sections of the Web site, www.FloodSmart.gov, will provide agents with access to map modernization projects, resource materials to help policyholders through th

Monster hurricanes spur debate over natural disaster

Toward the end of last year, President Bush signed legislation allowing the National Flood Insurance Program to borrow up to $18.5 billion to settle flood insurance claims resulting from the 2005 hurricane season.