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The average loss in a flood is $46,000.
One of the key lessons from 2018 is that catastrophic events, like hurricanes, have unfortunately become the norm.
The result of nationalizing the U.S. flood insurance industry has been a catastrophe all its own. Taxpayers have lost over $40 billion and counting.
Coverage Q&A: Both Federal Emergency Management Agency (FEMA) and National Flood Insurance Program (NFIP) form language can impact claims.
A Florida court confirms that plaintiffs suing under an NFIP standard flood insurance policy may not get attorney's fees, interest or a jury trial.
Proposed changes may spur communities to better plan for extreme weather, but could drive up costs for some homeowners.
If retirees' homes and possessions are poorly covered by P&C insurance, they may face significant financial losses.
The bill has earned widespread support from over 100 organizations and 30 flood insurance organizations.
Flood insurance premiums could rise and property values fall under a plan to change the way risk is calculated.