We have previously highlighted some important things to know about your flood insurance. We’ve discussed why you need to know how the claims process works and why meticulously documenting all of your damage is vital. We’ve also answered questions that are most frequently asked. Understanding these points is useless, though, if you miss a deadline […]
Recent victims of flooding in Louisiana need to be aware of some of the basic facts of flood insurance: Homeowner’s insurance does not typically cover flood damage. Flood damage is compensated from flood policies issued under the National Flood Insurance Program. The NFIP covers up to $250,000 for the structure of the home and $100,000 […]
As the waters recede, the recovery begins. And that recovery will take money — money to rebuild homes, replace furnishings, and remake devastated communities. Flood insurance is intended to do just that. But how does the process work and what should flood victims do now — within the first few days of the water going […]
Recent victims of flooding in Louisiana need to be aware of some of the basic facts of flood insurance: Homeowner’s insurance does not typically cover flood damage. Flood damage is compensated from flood policies issued under the National Flood Insurance Program. The NFIP covers up to $250,000 for the structure of the home and $100,000 […]
In 48 hours, the Baton Rouge area took in about 2 feet of rain. Watson, Louisiana saw more rainfall in a couple of days than Los Angeles has in four years. 40,000 homes have suffered flood damage. Those efforts led Livingston Parish Sheriff Jason Add to remark, “
After losing its effort to have the entire United States Fifth Circuit Court of Appeals undo the legal agreement it made, BP lost no time in declaring it would ask the United States Supreme Court to do so. On top of that, by early Thursday afternoon, BP had formally asked that the United States Fifth Circuit […]
If you believed BP, you would think that Patrick Juneau, the court-appointed claims administrator, is passing out BP’s money to undeserving claimants willy-nilly. But the facts, as history has shown in this litigation, do not support BPs spin. The claims administrator just released his monthly report. Table 4 tells the tale of the tape. Table […]