McNees Wallace & Nurick LLC: Flood Insurance - More Businesses Should Consider Purchasing This Coverage

[ Originally published 11/08/2011 ] By Charles T. Young, Jr. The East Coast recently suffered unprecedented flooding problems as a result of Hurricane Lee, and these problems have created new interest in the availability and coverage provided by flood insurance.

 Congress created the...

Florida's Move to Establish a Stronger Private Flood Insurance Market Provides an Opportunity for Insurers, Developers and Property Owners

The Biggert-Waters Flood Insurance Reform Act of 2012 In 2012, Congress passed a law to reform the National Flood Insurance Program (NFIP) to make the program self-supporting without federal subsidies. Specifically, the law called for local flood maps to be updated. Existing subsidies and discounts...