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C.T. Lowndes & Company Blog: flood insurance

View the latest blog posts from C.T. Lowndes & Company.

This is just an update to our 6/30/2014 blog entitled What is the status of your Flood Insurance Refund? This is the latest information from FEMA. By FEMA regulations, refunds on qualifying flood policies must be made to policyholders no later than Dec 31, 2014. Most companies will start this process the first part of October. READ MORE >>

    The Biggert Waters Act Flood Reform Act of 2012 mandates some changes as of June 1, 2014. In most cases, policyholders are being given notice of these changes 90 days before renewal. These changes will still occur even though the Act has been since amended.    READ MORE >>

Are You Due a Refund on your Flood Insurance Policy? The Grimm-Waters Homeowner Flood Insurance Affordability Act , passed by the Senate and House of Representatives on March 13, 2014 and signed into Law by President Obama on March 21, 2014, reverses some of the sections of the Biggert-Waters Flood Reform Act of 2012 (BW-12). READ MORE >>

Congress has passed legislation (Biggert Waters Flood Insurance Reform Act of 2012) that greatly alters the National Flood Insurance Program (NFIP) and, in some cases, this legislation will cause an increase in premiums. Will the new legislation affect my flood policy? It may. READ MORE >>

The South Carolina Department of Insurance is concerned about the effects of the Biggert Waters Flood Insurance Reform Act (BW12) and is anxious to hear from persons who have been greatly affected by large increases in premium. Mississippi has filed a lawsuit against FEMA regarding BW12. READ MORE >>

Why is my Flood insurance premium going up? In a nutshell, the National Flood Insurance Program (NFIP) is broke! Hurricane Katrina (2005) caused the program to rack up massive debt ($18 billion) and Super Storm Sandy of 2012 has added to the debt. READ MORE >>

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