All the headlines from our Flood Topic Page, ordered by recency.
Nov 20 2024 // Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the country’s gross domestic product in the fourth quarter, the Bank of Spain said on...
Nov 19 2024 // Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due to floods, according to Swiss Re Institute.As climate change intensifies extreme weather...
Nov 18 2024 // Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 billion), according to credit rating agency Morningstar DBRS.This insured price tag includes losses absorbed by the Consorcio de...
Nov 18 2024 // The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal.The Federal Emergency Management Agency...
Nov 15 2024 // Tropical Storm Sara has formed off the coast of Honduras, threatening to unleash catastrophic flooding and landslides across Central America.Sara, the Atlantic’s 18th named storm this season, had top winds of 40...
Nov 14 2024 // As with computer models that help predict risk from hurricane winds, insurers now have more than one model to use when gauging flood damage in storm-soaked Florida.The Florida Commission on Hurricane Loss Projection...
Nov 13 2024 // South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to free up funds for relief and reconstruction.Disruptive rains, floods, strong winds and...
Nov 8 2024 // The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total insurance losses in excess of €3.5 billion ($3.8 billion), Moody’s said citing official...
Nov 7 2024 // Connecticut Governor Ned Lamont recently reminded homeowners, renters and businessowners in Fairfield, Litchfield and New Haven counties that less than two weeks remain to apply for federal disaster assistance to support...
Nov 6 2024 // Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200 people in the country’s eastern region of Valencia.Spain will earmark as much as €10.6...
Nov 5 2024 // President Joe Biden declared a major disaster area in southeast New Mexico after historic flooding killed two people and forced the rescue of more than 300 last month.The declaration announced last week makes federal...
Nov 5 2024 // ERWIN, Tenn. (AP) — Rescue workers in Tennessee have recovered the body of the final person still missing after massive flooding from Hurricane Helene hit a plastics factory there.Rosa Andrade, 29, was one of six...
Nov 5 2024 // The region of Valencia is asking Spain’s central government for rescue funds to help with rebuilding after floods last week destroyed homes and left more than 200 dead.The Valencian government agreed to ask Madrid...
Nov 4 2024 // Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to people, properties, vehicles and businesses as well as to the region’s...
Nov 4 2024 // The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal.The Federal Emergency Management...
Nov 4 2024 // North Carolina Insurance Commissioner Mike Causey is reminding property insurers to refrain from raising homeowners’ premiums just because an insured filed a claim or inquiry in order to qualify for flood insurance...
Nov 4 2024 // The City of Isleton will take part in a community-based flood insurance initiative as part of a two-year $200,000 grant to provide payouts to residents if floodwaters reach a pre-determined depth.The pilot project is...
Nov 1 2024 // Floods that killed more than 150 people in eastern Spain this week were caused by a storm that dumped a year’s worth of rainfall in less than 24 hours.The tragedy has raised questions about whether earlier warnings...
Oct 31 2024 // Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses satellite images to...
Oct 30 2024 // Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for many inside and outside of the insurance industry, if not front and center.Images of flood and storm damage...