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Builders Back Reauthorization of Flood Insurance Program
June 23, 2011 Posted by NAHB
WASHINGTON, D.C. – June 23, 2011 – (RealEstateRama) — The National Association of Home Builders (NAHB) today expressed support for a five-year extension of the National Flood Insurance Program (NFIP) to ensure that the federally-backed flood insurance program remains efficient and effective in protecting flood-prone properties and creates more stability in the housing market.Testifying before the Senate Banking Committee, Barry Rutenberg, first vice chairman of NAHB and a home builder from Gainesville, Fla., told lawmakers that because the NFIP has had to undergo a series of short-term extensions over recent years, it has created a high level of uncertainty in the program and caused severe problems for the nation’s already troubled housing markets.
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Illinois Department of Insurance Reminding Consumers to Review Flood Insurance Policies
June 20, 2011 Posted by Illinois RealEstateRama
CHICAGO, IL – June 20, 2011 – (RealEstateRama) — As record floods and other natural disasters strike communities across the country, the Illinois Department of Insurance is reminding Illinois homeowners and renters to review insurance coverage to determine if flood insurance is required.
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Campbell Introduces Bill to Reduce Commercial Property Insurance Prices
June 17, 2011 Posted by California RealEstateRama
Washington, DC – June 17, 2011 – (RealEstateRama) — Representative John Campbell (R-CA) and Representative Peter Welch (D-VT) have introduced H.R. 2126, the Risk Retention Modernization Act to allow risk retention groups (RRGs) and risk purchasing groups (RPGs) to expand their insurance offerings to include commercial property coverage. This legislation would encourage increased competition in premiums and significantly lower the rates consumers, especially small businesses, pay in places where coverage is currently very limited and relatively unaffordable.
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Two Pennsylvania Men Charged With Damaging Homes in South Jersey in Order to Collect Insurance Monies for Construction Company
June 16, 2011 Posted by New Jersey RealEstateRama
TRENTON, NJ – June 16, 2011 – (RealEstateRama) — Attorney General Paula T. Dow and Division of Criminal Justice Director Stephen J. Taylor announced that two Pennsylvania men and a construction company have been charged in a state grand jury indictment for their alleged roles in an insurance fraud scheme that targeted homes purportedly damaged by hail.
Read the full article: Two Pennsylvania Men Charged With Damaging Homes in South Jersey in Order to Collect Insurance Monies for Construction Company ...
More than 100 NeighborWorks HomeOwnership Centers Now Open
June 13, 2011 Posted by NeighborWorks
Washington, D.C. – June 13, 2011 – (RealEstateRama) — Today NeighborWorks America announced that more than 100 NeighborWorks HomeOwnership Centers have opened their doors in more than100 communities across the nation. NeighborWorks HomeOwnership Centers help low- and moderate-income families achieve homeownership the NeighborWorks way:
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Agencies Extend Comment Period on Risk Retention Proposed Rulemaking
June 7, 2011 Posted by FHFA
WASHINGTON, D.C. – June 7, 2011 – (RealEstateRama) — Six federal agencies have approved and will submit a Federal Register notice that extends the comment period on the proposed rules to implement the credit risk retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period was extended to August 1, 2011, to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by June 10, 2011.
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With Tornado and Wind Damage Covered by Homeowners Insurance, Patrick-Murray Administration’s Division of Insurance Offers Tips for Filing Claims
June 2, 2011 Posted by Massachusetts RealEstateRama
BOSTON, MA – June 2, 2011 – (RealEstateRama) — With tornado damage covered by homeowners’ insurance, the Patrick-Murray Administration’s Division of Insurance is offering tips on the best way to file a claim with an insurance company to families who suffered damage in yesterday’s tornadoes and storms.
Read the full article: With Tornado and Wind Damage Covered by Homeowners Insurance, Patrick-Murray Administration’s Division of Insurance Offers Tips for Filing Claims ...
Wicker Introduces Flood Insurance Reform to Provide Certainty for Homeowners
May 26, 2011 Posted by Mississippi RealEstateRama
WASHINGTON, D.C. – May 26, 2011 – (RealEstateRama) — U.S. Senator Roger Wicker (R-Miss.) today introduced the Consumer Option for an Alternative System to Allocate Losses (COASTAL) Act to reform the National Flood Insurance Program (NFIP) by using increased data during the claims process. Wicker’s legislation would provide greater certainty to homeowners and the insurance market, ensuring certain losses from future storms are settled in a timely and equitable manner
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MID stresses checking Flood and Homeowners Policies for Hurricane Preparedness Week
May 24, 2011 Posted by Mississippi RealEstateRama
Jackson, MS – May 24, 2011 – (RealEstateRama) — While other parts of the state are dealing with the aftermath of the flooding and tornado natural disasters, Commissioner of Insurance Mike Chaney and the Mississippi Insurance Department (MID) remind coastal Mississippians that hurricane season begins in a little over a week. Preparations for a forecasted active, 2011 Hurricane season need to begin now, during National Hurricane Preparedness Week, May 22-28, 2011.
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McCarthy Makes Key Progress in Fight to Relieve Burden on Homeowners, Get Better Notification in FEMA Flood Insurance Program
May 13, 2011 Posted by New York RealEstateRama
WASHINGTON, DC – May 13, 2011 – (RealEstateRama) — Rep. Carolyn McCarthy (D-NY04), who has been working steadily to bring relief to homeowners affected by the Federal Emergency Management Agency’s flood insurance program, just won bipartisan passage in committee of two amendments that, if made into law, would save homeowners significant amounts of money and bring better community notification in advance of future changes
Read the full article: McCarthy Makes Key Progress in Fight to Relieve Burden on Homeowners, Get Better Notification in FEMA Flood Insurance Program ...
