As flood threats rise, federal reform to diversify the insurance risk sinks

ClimateWire: It was a few hours before Sharron Voorhees was scheduled to sign a new home loan when her bank canceled the closing appointment because she had private flood insurance. Two more cancellations followed, both on the morning of her closing dates, based on the bank's concern that Voorhees had purchased coverage from Lloyd's of London rather than the U.S. government. "It just doesn't look like a flood policy," a loan officer told her last fall. For months, the retired lawyer from a low-lying......

Read Complete Article at Water Conserve: Water Conservation RSS News Feed

You can leave a response, or trackback from your own site.

Leave a Reply