All the headlines from our Flood Topic Page, ordered by recency.
Feb 25 2013 // It’s been more than three months since Superstorm Sandy wrought havoc across the East Coast last fall. And since then, the property/casualty insurance industry has stepped up to deliver its promise to customers and...
Feb 25 2013 // Up and down the Atlantic coast, people are telling horror stories about how long it has taken to get an insurance check for flood damage caused by Superstorm Sandy. Nearly 40 percent are still waiting for the final...
Feb 25 2013 // The Federal Emergency Management Agency is defending its handling of Superstorm Sandy-related flood insurance claims following sharp criticism by New Jersey’s governor.FEMA says more than half of the more than...
Feb 25 2013 // Superstorm Sandy landed one final stunning blow to New Jersey as the state adopted rebuilding guidelines that come with sticker shock.They will force homeowners in flood zones to spend tens of thousands of dollars to raise...
Feb 21 2013 // A new report from A.M. Best says that “regulatory reform and the 2011 floods continue to generate pressure for Thailand’s non-life insurance industry as it contends with uncertain loss development, stricter...
Feb 20 2013 // New York officials are calling on the U.S. Army Corps of Engineers to include Hudson River communities in a $20 million study of flood-prone areas in the wake of Superstorm Sandy. Sen. Charles Schumer says local...
Feb 20 2013 // Fitch Ratings said it does not expect insured losses from the recent flooding in Jakarta, Indonesia in January to trigger widespread solvency problems or excessive financial strain on the balance sheet of non-life insurers...
Feb 19 2013 // The 15 insurers participating in the National Flood Insurance Program that are handling at least 1,000 claims related to Sandy, the progress they have made in closing claims, and the money they have paid out to date:...
Feb 15 2013 // On Tuesday Feb. 12, New Jersey’s Congressional delegation sent a letter to Federal Emergency Management Agency Administrator W. Craig Fugate, expressing their concern over what the delegation described as “the...
Feb 14 2013 // A federal judge is scheduled to hear arguments on whether to dismiss a lawsuit filed by the Gaylord Entertainment Co. seeking money for property damage to its luxury hotel and convention center, the Grand Ole Opry and...
Feb 14 2013 // A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims.Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal...
Feb 14 2013 // Climate change and gaps in weather satellite data have been officially added to the list of high risks facing the federal government, a list that already includes the federal flood insurance program, Medicare and the Post...
Feb 11 2013 // Marsh has enhanced its Flood Service Center (FSC) facility, which is dedicated to providing clients flood coverage and includes options through the National Flood Insurance Program (NFIP). In collaboration with Homesite...
Feb 11 2013 // Insurance Australia Group’s Australia Direct and CGU businesses announced that they have “so far received over 13,700 claims arising from ex-Tropical Cyclone Oswald, with the cost to the Group expected to be in...
Feb 8 2013 // In its latest monthly Global Catastrophe Recap report Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, focuses on the torrential monsoonal rains, which caused severe flooding...
Feb 7 2013 // First Fidelity Brokerage of New York has launched www.insureflood.com for homeowners and businesses to obtain flood insurance, as well as information about flood insurance. The site also has a link to estimate flood damage...
Feb 7 2013 // The Federal Emergency Management Agency is defending its handling of Superstorm Sandy-related flood insurance claims following sharp criticism by New Jersey’s governor. FEMA says more than half of the more than...
Feb 6 2013 // New Jersey Gov. Chris Christie said Tuesday the National Flood Insurance Program’s handling of claims in New Jersey has been “a disgrace,” complaining that the program has been far too slow to resolve...
Feb 4 2013 // The Chubb Corp., which posted Superstorm Sandy-related pre-tax costs of $882 million in its latest earnings report, said there would be some adjustments to underwriting and pricing in the Northeast region going...
Jan 30 2013 // In the gently rolling hills of Oklahoma ranch country is a place that has seen more than its share of destructive weather – tornadoes, ice storms and floods, year after year, for half of the last decade.In fact,...