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More CUNA Mutual Flood Claims Expected

MADISON, Wis. -- With flooding attention of credit unions now being shifted to areas along the Mississippi River, CUNA Mutual Group predicted Friday damage and casualty claims seem certain to rise as more flood-related evacuations take place in communities in rain-soaked Iowa and Wisconsin.

By Jim Rubenstein | Updated on June 13, 2008

MADISON, Wis. — With flooding attention of credit unions now being shifted to areas along the Mississippi River, CUNA Mutual Group predicted Friday damage and casualty claims seem certain to rise as more flood-related evacuations take place in communities in rain-soaked Iowa and Wisconsin.

“Because flooding is covered by federal insurance, there will likely be only a few CUNA Mutual Group coverages that will come into play for credit unions,” said a spokesman. “However, staff from our Property & Casualty Claims area is continuing to contact credit unions in the affected areas to see how they are doing and to determine how we might be able to help.”

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