FEMA: Insurance applies if oil from spill mixes with flood waters

 Thursday, June 10, 2010

 Insurance Journal

The Federal Emergency Management Agency has clarified that in the event of a declared flooding disaster, National Flood Insurance Program coverage will apply even if oil from the British Petroleum deep well blowout in the Gulf of Mexico is mixed with flood waters. The NFIP will bill BP for reimbursement for any claims it pays for covered properties affected by flood waters mixed with oil from the BP spill.
PropertyLiability
BROWSE RELATED NEWS ARTICLES