All the headlines from our Flood Topic Page, ordered by recency.
Aug 6 2007 // Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services Committee voted late last month to add wind...
Aug 6 2007 // Some independent insurance agents are taking a “neutral” position when it comes to adding in wind coverage in the National Flood Insurance Program (NFIP). Still others say “no” to wind...
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season.Agents who do will come across several admitted carriers that are welcoming new business...
Aug 6 2007 // As is so often the case, insurance agents are caught in the middle. This time it’s in the debate over whether to add wind coverage to the federal flood insurance program.Mississippi Congressman Taylor has inserted...
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season.Agents who do will come across several admitted carriers that are welcoming new business...
Aug 6 2007 // Agents say ‘no’ or nothing to adding wind coverage in flood programSome independent insurance agents are taking a “neutral” position when it comes to adding in wind coverage in National Flood...
Aug 6 2007 // House panel votes to add wind to flood programPrivate insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services...
Aug 3 2007 // Flood & Peterson Insurance of Greeley, Colo., has distributed $2.9 million in workers’ compensation dividend checks to 1,600 Colorado clients as a reward for maintaining safe workplaces and because of the...
Aug 3 2007 // A highly anticipated federal appeals court ruling in a Hurricane Katrina class-action case has insurers breathing a little easier. The Fifth Circuit Court of Appeals in New Orleans ruled Aug. 2, 2007, in In re Katrina...
Aug 2 2007 // Zurich Financial Services Group announced that, according to its current “best estimate,” it expects that aggregate claims payments related to storms and floods that occurred in the UK during June 2007 will not...
Aug 2 2007 // Flood damage at Lake Texoma marinas is expected to exceed $2 million, marina operators say.Heavy rains last month swelled the lake on the Oklahoma-Texas border to more than 22 feet above its normal level. The lake was at...
Jul 31 2007 // A large number of people who bought flood insurance after the devastating 2005 hurricane season have not renewed their policies, according to Federal Emergency Management Agency figures.About 100,000 new flood insurance...
Jul 30 2007 // A combination of ice storms, flooding rains and tornadoes have left Oklahoma atop a dubious list. So far this year, the state has most federal disaster declarations in the country.Oklahoma has received two declarations for...
Jul 30 2007 // The June and July floods that gripped parts of the U.K. could cost insurers between £2.25 billion and £3.25 billion in total, according to latest estimates by Risk Management Solutions (RMS).Insured losses from the July...
Jul 27 2007 // Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage.The House Financial Services Committee voted yesterday to add wind coverage...
Jul 24 2007 // Despite the widespread devastation caused by this summer’s UK floods, the damage is not yet as costly as the March 1947 floods, which would have resulted in insured losses of £4.5 to £6 billion if it reoccurred...
Jul 24 2007 // Policyholders who settled Hurricane Katrina lawsuits confidentially with insurance companies can keep those payments, along with federal grants for structural damage other homeowners were ineligible to receive or must...
Jul 23 2007 // Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to...
Jul 23 2007 // Guy Carpenter Developing New London Flood Model for InsurersModel Will Provide the Most Accurate Solution Available To Insurers for London Flooding Global insurance and risk specialist Guy Carpenter & Co., LLC,...
Jul 23 2007 // Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to...