All the headlines from our Flood Topic Page, ordered by recency.
Jan 23 2012 // The city council in Minot, N.D., has approved a plan that could result in the acquisition of more than 270 properties for future flood protection measures. The voluntary program calls for negotiations to begin with willing...
Jan 23 2012 // A new study says that there are some regions in the country where National Flood Insurance Program (NFIP) premiums are too high.The report, from the Wharton Risk Management and Decision Processes Center at the Wharton...
Jan 20 2012 // Bermuda-based Endurance Specialty Holdings Ltd announced that its initial loss estimate related to the floods that occurred in Thailand in the fourth quarter of 2011 is $76.5 million. The announcement said they...
Jan 19 2012 // Last year’s flooding in Thailand is shaping up to be one of the worst natural disasters in human history, with insured losses alone estimated at more than $15 billion.Following is a list of expected losses reported...
Jan 19 2012 // A coalition of business and environmental groups is calling on President Obama to use his upcoming State of the Union address to urge Congress to reform the nation’s debt-ridden flood insurance program.The U.S. House...
Jan 18 2012 // Bermuda-based AXIS Capital Holdings Limited announced that the net financial impact of the severe flooding in Thailand on the Company’s fourth quarter results is expected to be $48 million – net of reinsurance,...
Jan 18 2012 // Bermuda-based PartnerRe Ltd. announced that it “expects to record a charge of approximately $120 million, pre-tax and net of retrocession and reinstatement premiums, in its fourth quarter 2011 results related to the...
Jan 17 2012 // About 600 victims of a flood caused by the failure of a century-old irrigation canal in Fernley, Nev. in 2008 have received their share of a $10 million settlement.The settlement funds distributed last month stemmed from...
Jan 13 2012 // The federal government has reimbursed Cache County, Utah and municipalities more than $780,000 for flooding damages last spring. The Herald Journal of Logan reported that President Barack Obama approved the request after...
Jan 13 2012 // The XL Group gave preliminary net loss estimates related to the widespread floods in Thailand that reached their highest point during the quarter ended December 31, 2011, as ranging from approximately $135 million to $185...
Jan 12 2012 // Jackson County supervisors have approved a payment of $500,949 to Island Winds Title Co. to close on seven homes.According to The Mississippi Press, the action brings the county closer to completing its role in a federal...
Jan 10 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued its “Annual Global Climate and Catastrophe Report,” which aggregates and analyses the natural disaster perils that...
Jan 9 2012 // Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes.For policyholders of Louisiana...
Jan 9 2012 // According to catastrophe modeling firm AIR Worldwide, Windstorm Andrea passed through the U.K. earlier this week, fast on the heels of Windstorm Ulli, which brought widespread travel and power disruptions to Scotland. The...
Jan 9 2012 // U.S. Senator Bob Casey (D-Penn.) asked flood insurance companies to quickly process remaining claims from Irene and Lee. He says some 20 percent of the claims in Pennsylvania are still not processed. Federal flood...
Jan 3 2012 // Diane Hopp says she doesn’t have a green thumb, so if her neighbors were around, they might be surprised to see her spraying a garden hose — particularly in December inside the living room of a newly renovated...
Jan 2 2012 // The catastrophic flooding from hurricanes Irene and Lee exposed planning gaps in small towns that can’t afford effective flood readiness plans. But in New York’s Catskill Mountains, partnership with New York...
Dec 30 2011 // Reinsurance broker Guy Carpenter has examined the past year’s natural catastrophes, which it describes as “an unusually eventful year for the (re)insurance sector.” In addition to the ongoing financial...
Dec 29 2011 // U.S. Senator Bob Casey (D-Penn.) is asking flood insurance companies to quickly process remaining claims from Irene and Lee. He says some 25 percent of the claims in Pennsylvania are still not...
Dec 28 2011 // Otto Thoresen, director general of the Association of British Insurers has issued a statement outlining the organization’s position on flood coverage in the UK, in response to recent proposals from the...