All the headlines from our Flood Topic Page, ordered by recency.
Dec 16 2011 // French reinsurer SCOR Group has estimated its losses from the floods in Thailand at €140 million [$185 million] net of retrocession and before tax.SCOR described the floods as a “major natural catastrophe, which...
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Dec 15 2011 // Flood protection might be the last concern of Texas wildfire survivors these days. Yet Texans — even those who live in areas not rated at high risk of flooding — should consider purchasing a flood insurance policy now,...
Dec 15 2011 // Midwestern farmers who saw their land swamped by summer flooding may be socked again with steep increases in their crop insurance premiums, the expensive result of the failure to fix broken levees before the winter snow...
Dec 14 2011 // Justice Department lawyers argued at trial on Dec. 12 that there is little evidence a shipping channel dug decades ago by the Army Corps of Engineers contributed significantly to the castastrophic flooding after Hurricane...
Dec 12 2011 // Federal Emergency Management Agency (FEMA) issued a new bulletin telling insurers that they should cooperate with state regulators on questions regarding federal flood insurance.There has been an ongoing turf battle...
Dec 9 2011 // This year’s hurricane season was an unusually costly and damaging one for New York State residents. And as the winter sets in, it will take several more months for people in areas ranging from Adirondack Mountains to...
Dec 8 2011 // In this era of sharp political differences, the need for a national flood insurance program is one area where just about everyone agrees. Even so, the program is a victim of Washington partisanship, actuaries were told at...
Dec 8 2011 // A northwest Missouri levee that was dropped from a federal repair program shortly before record flooding caused $4 million in damage has been reinstated to the program, landowners who oversee the levee said.Paul Markt,...
Dec 8 2011 // The Federal Emergency Management Agency says there are only eight days left for New Yorkers affected by Hurricane Irene and Tropical Storm Lee to register for possible federal disaster assistance. Dec. 15 is the...
Dec 8 2011 // The widespread floods in Thailand, which reached their highest point in October and November, “are the costliest natural catastrophe in the country’s history,” according to a bulletin from Munich Re....
Dec 7 2011 // The U.S. Senate passed an extension of the National Flood Insurance Program (NFIP) through May 31, 2012.The legislation, introduced by Sen. David Vitter, R-La., passed the Senate by unanimous consent and must now be taken...
Dec 7 2011 // Aon Benfield’s Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during November, concludes that insured losses in Thailand could top $10 billion, while floods in Europe will...
Dec 6 2011 // Swiss Re has estimated its claims costs from severe flooding in Thailand at $600 million, after intense rainfall caused hundreds of deaths and floods affecting approximately 1500 industrial facilities.“The estimate...
Dec 6 2011 // After coming out of this year’s spring flooding with damage limited mostly to Utah farmlands, state and county officials are beginning preparations for next year with a wary eye toward the state’s...
Dec 5 2011 // U.S. Senator Charles Schumer (D-N.Y.) is calling on flood insurance companies to speed up their processing of insurance claims from tropical storms Irene and Lee to ensure that FEMA aid reaches flood-damaged communities...
Dec 5 2011 // U.S. Sen. David Vitter, R-La., has sent a letter to Senate Majority Leader Harry Reid urging him to allow a one-year extension of the National Flood Insurance Program to pass the Senate by unanimous consent. The NFIP is...
Dec 5 2011 // The 2011 Atlantic hurricane season was a study in contradictions: It spared the usual Southern targets, while Irene paralyzed the Eastern seaboard and devastated parts of the Northeast with deadly flooding.The season ended...
Dec 5 2011 // Some residents and business owners in the city of Lafayette, La., and unincorporated parts of the parish will soon be paying 10 percent less for flood insurance. The Federal Emergency Management Agency said the savings...
Dec 5 2011 // Congress has approved yet another resolution to fund parts of the federal government including the nation’s flood insurance program on a short-term basis. This time the funding runs until Dec. 16. Had Congress not...