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Cravens Warren

Serving the risk management and commercial insurance needs of business. Cravens Warren, founded in 1946, has been serving the insurance needs of... read more

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  • 10011 West Gulf Bank
    Houston, TX 77040
  • Phone (713) 690-6000
    Fax (713) 690-6020
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Combined Wind & Flood Insurance Proposed

An associate professor at the Washington and Lee School of Law in Virginia, Adam Scales, has also suggested that insurers sell a policy that covers both wind and flood damage. The federal government would reimburse insurers for the flood portion. One major homeowners insurer is considering such a concept. The company has not made a formal proposal to Congress but has discussed the plan with federal legislators, among others. The basic flood insurance portion of the policy would be sold at the same price as the federal program but policyholders would be able to buy additional flood coverage.