Florida homeowners purchasing their flood insurance through the National Flood Insurance Program (NFIP) may find their insurance rates increasing next year. According to the South Florida Sun Sentinel, around 2 millions households with NFIP policies could see a rate increase of around 5 percent in the fall. The National Flood Insurance Program, the national flood [...]
Posts tagged as:
Matthew Glans
The issue of extending and reforming the National Flood Insurance Program continues to stall in Congress. While the U.S. House version of a reauthorization bill passed in July 2011 by a significant margin, the bill has yet to get a floor vote in the U.S. Senate. Sen. David Vitter, R-La., sponsor of a five-year extension [...]
Levees have traditionally been one of the cornerstones of flood management for states and the U.S. government. With flood management systems nearing the end of their useful lives across the country, a closer look at the role of levees and their continued use in flood preparation needs to happen. While levees and dams will always [...]
Matthew Glans discusses the federal crop insurance program and other crop subsidies.
In recent months consumers have begun to see the effects of Dodd-Frank on their ability to find and use credit in their everyday lives. Credit companies, who have invested billions in building credit networks that both retailers and consumers both benefit from using, have seen their ability to charge fees for using these networks slashed [...]
In a new letter, originally published in the Racine Times-Tribune, I discuss the proposed repatriation tax holiday for foreign earnings held by U.S. corporations. Under the tax holiday, multinational corporations would temporarily be allowed to bring profits held overseas back to the United States and pay tax on them at a rate of only about [...]
Are State Run Insurers the Answer in California and Florida?
Windstorm and earthquake insurance create several challenges for legislators in states exposed to high levels of risk from catastrophic natural disasters. California and the southeast states along the Gulf and Atlantic coasts are amongst the highest risk areas for earthquake and windstorm damage in the entire world. Making windstorm and earthquake insurance both available and [...]
$15,000 Fine Might Be A Bargain
As Matt Glans reported in today’s update on Louisiana’s key insurance issues, last month Louisiana Governor Bobby Jindal signed a law that prohibits insurers from dropping home insurance policies solely because the insured homes have Chinese drywall in them. The law carries a maximum fine of $15,000 for insurers who violate the law. Fixing Chinese [...]
← Previous Entries
