All the headlines from our Flood Topic Page, ordered by recency.
Feb 17 2022 // Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research.The research, led by the University of Bristol and published in Nature Climate...
Feb 15 2022 // Detroit is starting a program to reduce chronic basement flooding during intense storms.The program initially will target two neighborhoods and later expand to others, Mayor Mike Duggan said. The strategy follows major...
Feb 14 2022 // Wholesale insurance broker Burns & Wilcox has added five new associates across the country to its private client and flood teams within its Personal Insurance practice group. The professionals joining Burns &...
Feb 14 2022 // Detroit is starting a program to reduce chronic basement flooding during intense storms.The program initially will target two neighborhoods and later expand to others, Mayor Mike Duggan said. The strategy follows major...
Feb 11 2022 // FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million.The round was led by Chicago-based Buoyant Ventures with San...
Feb 10 2022 // The sun was shining when Kim Williams hopped in her Honda Odyssey to visit a friend at a nursing home. But an unexpected downpour on the drive back left her trapped in a maze of flooded streets.Williams made turn after...
Feb 8 2022 // One in four UK properties are at risk of flood, according to new analysis from JBA Risk Management. The flood specialist’s new UK Flood Model, launched last week, also highlights an estimated annual cost of £527...
Feb 7 2022 // An insurance policy that lists named windstorms among the covered perils doesn’t cover flood damages caused by Hurricane Harvey even though flooding wasn’t specifically excluded, a panel of the 5th Circuit...
Jan 31 2022 // The state of Louisiana is now accepting buyout applications from some property owners in a Livingston Parish neighborhood that continually floods.The buyout program affects property owners in Priority Zone 1 of the Spring...
Jan 27 2022 // Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis of federal data by the Environmental Working Group (EWG) released...
Jan 25 2022 // Missouri Gov. Mike Parson wants to spend $10.4 million to create a new office that would help the state better prepare for floods and drought.Missouri Department of Natural Resources spokeswoman Connie Patterson told the...
Jan 21 2022 // The Army Corps of Engineers will be getting $2.6 billion for Louisiana under the infrastructure and supplemental disaster acts, Gov. John Bel Edwards said Jan. 19.The disaster bill to help recovery from Hurricane Ida...
Jan 21 2022 // Wright Flood, which offers a number of flood insurance products, announced that Angie LaTour has been hired as vice president of sales and marketing.LaTour has 27 years’ experience in property and casualty insurance,...
Jan 19 2022 // Ten months ago, historic flooding in eastern Kentucky displaced dozens of people and damaged homes and businesses all along the Kentucky River. The flooding also caused an embankment on Panbowl Lake, near Jackson,...
Jan 13 2022 // Holding company HCI Group announced it is postponing the previously announced initial public offering of its subsidiary, TypTap Insurance Group, Inc.Paresh Patel, HCI chairman and CEO, said current market pricing...
Jan 11 2022 // Despite studies showing a new federal flood-risk rating is more equitable and accurate, opposition to higher flood insurance rates continues to build in some parts of the country.In coastal Harrison County, Mississippi,...
Jan 4 2022 // The most significant non-U.S. loss event in 2021 was the mid-July flooding in Western Europe, according to CRESTA, the Zurich-based insurance industry organization that provides a global standard for risk aggregation zones...
Dec 30 2021 // Wright National Flood Insurance Co. said it will acquire the current flood insurance book of business from Westfield Insurance Co. and will service, administer and issue flood coverage under the National Flood Insurance...
Dec 28 2021 // A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial buildings.The same report finds that businesses could lose more than 3.1 million days of...
Dec 21 2021 // Over a month has passed since flooding inundated northwest Washington’s Whatcom County that caused some $50 million in damage.As Roger De Bruin returned to his flood-damaged home in Sumas recently, the word...