The head of the National Flood Insurance Program told CNBC’s “Squawk on the Street” Monday that the government is prepared to handle the anticipated rash of claims filed by homeowners in the upcoming days and weeks. “As the days continue, we’ll be able to start to get the number of claims being submitted, get adjusters… Continue reading Head of NFIP Says Agency Ready for Onslaught of Florence Claims
Tag: windstorm insurance
Florence Is a Tragedy for Homeowners, Not Insurers
People in the Carolinas are about to rediscover the difference between the damage a storm causes and what is covered by insurance. Hurricane Florence weakened considerably as it moved over the U.S. coast over the weekend, lessening its speed and causing much less wind damage than had been feared earlier last week. However, heavy rain… Continue reading Florence Is a Tragedy for Homeowners, Not Insurers