All the headlines from our Flood Topic Page, ordered by recency.
Mar 21 2011 // Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on budget-conscious Capitol Hill these days.However the idea is included in a Republican proposal to reform the...
Mar 18 2011 // Chaucer Holdings PLC, the specialist Lloyd’s insurance group, has announced that it has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods.Chaucer previously...
Mar 18 2011 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its “initial loss estimate related to the floods which occurred in Queensland, Australia in January of 2011 is $15 million.” The specialty...
Mar 18 2011 // Bermuda-based Alterra Capital Holdings Limited has announced initial loss estimates for three recent natural catastrophe events. Alterra said the estimates are “$5 to $8 million related to the Australian floods in...
Mar 17 2011 // The number of flood insurance policies issued to North Dakota residents so far this year is down slightly from last year, despite predictions of high water and an emergency declaration request for about one-third of the...
Mar 17 2011 // Bermuda-based RenaissanceRe Holdings Ltd. announced its initial loss estimates for the 2011 Australian flooding as well as the February 2011 New Zealand earthquake.The Company said it currently expects the Australian...
Mar 16 2011 // Bermuda-based Montpelier Re Holdings announced that its preliminary pretax net loss estimate from the February New Zealand earthquake will be around US$75 million, net of reinstatement premiums. The Company added that its...
Mar 14 2011 // Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on budget-sensitive Capitol Hill these days.However the idea is included in a Republican-drafted reform of the...
Mar 14 2011 // The Federal Emergency Management Agency is offering a reprieve to property owners in southwestern Illinois and other areas guarded by aging levees that it had considered decertifying, staving off fears that some could have...
Mar 9 2011 // Cracks have formed in a Cocodrie, La., levee, one of the newest to be constructed as part of the Morganza-to-the-Gulf hurricane-protection system.Levee officials say the cracks aren’t serious enough to cause a...
Mar 8 2011 // A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase out most rate subsidies, tie coverage limits to the rate of inflation, vary the deductible by...
Mar 7 2011 // As spring draws near, it’s time to reconnect with your clients. There is no better time than now to reach out and address some common insurance misconceptions held by customers.Misconception 1: “I don’t...
Mar 7 2011 // Higher Exposures, Limits“Clearly, companies are reacting to the fact that D&O liability exposures facing directors and officers are arguably at an all-time high. Insurance buyers continue to be threatened by an...
Mar 7 2011 // Presumably Watson“I could actually envision an agent or an executive literally referring to the system in the presence of the consumer or the trainee, saying, ‘Hey, I don’t know this. I’m not...
Mar 7 2011 // In a recent bulletin the Insurance Council of Australia (ICA) said it “has welcomed the National Disaster Insurance Review announced by the Federal Government.”ICA CEO Rob Whelan said the National Disaster...
Mar 7 2011 // One of the snowiest winters on record for the Midwest and northern U.S. Plains have crop watchers worried about a repeat of the massive flooding that hit one of the world’s top grain producing regions in...
Mar 4 2011 // Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel Thursday.Representative Judy Biggert told...
Feb 25 2011 // Worsening weather and better forecasting methods could push the mining sector to change force majeure provisions in supply contracts and sharpen how blame is allotted when storms or floods disrupt regular business.Climate...
Feb 21 2011 // It’s a tough time to be in the $500 billion U.S. property insurance business. Storms are happening in places they never happened before, at intensities they have never reached before and at times of year when they...
Feb 21 2011 // Significant Flooding Likely “It appears likely we’ll get moderate to major levels of flooding on the Mississippi.” — Mark Fuchs, a hydrologist for the National Weather Service, said towns along the...