Texas and Kentucky institute flood maps | BrightClaim - Typepad

Maps have been developed by FEMA which will analyze regions most at risk for flooding.

As previously reported by this blog, severe storms hit Houston and flooded the homes of many residents. When a creek overfilled, more than 100 homes were damaged by the rainwater and debris.

Because of the risk of flooding in Texas, one county has decided to create flood maps to better predict a town or city's risk of such severe storms, according to a press release issued by the Federal Emergency Management Agency (FEMA). The maps will be released on January 2, 2013 and will provide residents of Lubbock County with a flood risk assessment as well as information on purchasing flood insurance.

Independent insurance adjusters know that the majority of property insurance policies do not include coverage in case of floods. If business owners or residents do not have flood insurance under a different plan or coverage under the National Flood Insurance Program (NFIP), they are likely to be left with uninsured losses to their house or office building.

"Where there is rain, there could be flooding," FEMA Region 6 Acting Administrator Tony Robinson said in the press release. "Everyone lives in a flood zone."

The Kentucky-based publication The Richmond reported that Berea City Council members discussed the proposal for using FEMA flood maps in their region. Purchasing flood insurance after the maps go into effect on October 2 may be more expensive, as insurers will now have a clear picture of which areas are more likely to experience flooding.

These maps will also help protect residents by giving a clearer picture of where to channel flood waters and streams as well as preventing erosion or water damage.

Flood insurers are likely to receive more policy purchases before the FEMA maps go into effect. With more clients, insurers may gain more claims in times of flooding and may need to consider outsourcing claims processing to a claims vendor organization.

Related posts:

1. Texas, Arizona hit by downpours while New York hands out flood control grants
2. Lafayette, Louisiana acquired costs of more than $2 million in flood damages
3. Hailstorm in Kentucky causes adjusters to outsource claims processing
4. Senators compromised on flood insurance program
5. Floridians left with flooded homes after Tropical Storm Debby

This entry was posted on Tuesday, August 14th, 2012 at 2:36 pm and is filed under Claims Outsourcing, Insurance Industry News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Source: http://brightclaim.com/2012/08/texas-and-kentucky-institute-flood-maps/

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Source: http://rowelynwood.typepad.com/blog/2012/08/texas-and-kentucky-institute-flood-maps-brightclaim.html

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