Latest Flood Headlines

All the headlines from our Flood Topic Page, ordered by recency.

Excess Flood Coverage

Dec 15 2003 // Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has expanded its Excess Flood Coverage to 17 additional states across the...

Flood Insurance Program Gets Three-Month Extension

Dec 15 2003 // The major changes Congress has in mind for the National Flood Insurance Program are still on the table, as both the House and Senate voted to extend the program as is for only three months to allow time to hammer out an...

President Bush Inks Short-term Extension of Flood Insurance Program

Dec 12 2003 // President George W. Bush signed into the law the “National Flood Insurance Program Reauthorization Act of 2004,” to extend the National Flood Insurance Program (NFIP) without any changes, until March 31,...

SCOR Back on Broker’s Lists; Expects Minimal Impact from Floods

Dec 12 2003 // France’s SCOR Group has issued an announcement indicating that its securities are once again “back on the security lists of the main brokers.” The company also said that the recent flooding in Southern...

Floods Cause Death and Disaster in Southern France

Dec 4 2003 // Torrential rains, which have been falling on Southern France for almost a week, have caused heavy flooding in the region, resulting in five reported deaths, bringing road and rail transport to a standstill and halting most...

PIA National Applauds Three-Month Reauthorization of National Flood Insurance Program

Nov 28 2003 // The National Association of Professional Insurance Agents (PIA) this week applauded action by Congress to reauthorize the National Flood Insurance Program (NFIP) for three months, until March 31, 2004, to allow more time...

NAMIC Applauds Passage of Flood Reform

Nov 24 2003 // The House of Representatives voted overwhelmingly last week to reform and reauthorize the National Flood Insurance Program (NFIP) before the program expired at year end.H.R. 253, the “Two Floods and You Are Out of...

Md. Commissioner Urges Agents to Attend National Flood Insurance Workshops

Nov 21 2003 // Maryland Insurance Commissioner Alfred Redmer, Jr., is encouraging Maryland agents to take advantage of the free two-hour workshops being offered by the National Flood Insurance Program (NFIP) on Nov. 24-25.The workshops...

Seibels Bruce Group Unveils Q3 Numbers; Focuses on Strategically Growing Business

Nov 17 2003 // The Seibels Bruce Group, Inc. announced financial results for the quarter that ended Sept. 30, 2003 and other matters.For the third quarter of 2003, the South Carolina-based company reported a net loss of $1.5 million or...

Excess Flood Coverage

Nov 3 2003 // Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has introduced excess flood coverage to support insureds in the event of...

PIA National Applauds Senate Vote on Reauthorizing National Flood Program, Calls on House to do Likewise

Oct 30 2003 // The National Association of Professional Insurance Agents (PIA) this week applauded action by the Senate to reauthorize the National Flood Insurance Program (NFIP) and called on the House of Representatives to quickly...

Senate Passes Bill to Reauthorize Flood Program

Oct 30 2003 // The Senate this week passed by unanimous consent agreement S. 1768, the “National Flood Insurance Program Reauthorization Act of 2004.” The bill, introduced by Senator Jim Bunning (R-Ky.) and Senator Richard...

AIG Private Client Group Adds to Excess Flood Coverage

Oct 28 2003 // AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), has expanded its Excess Flood Program to 17 additional states across the country, bringing the...

Pa. Agriculture Secretary Urges Farmers to Report Isabel, Flooding Damage Claims

Oct 22 2003 // Pennsylvania Agriculture Secretary Dennis Wolff has urged farmers who suffered crop damage due to Hurricane Isabel and recent flooding and windstorms to report their claims as soon as possible.“While damage to fruit...

CLAIMS FROM ISABEL EXPECTED TO APPROACH $1 BILLION:

Oct 20 2003 // U.S. insurers are likely to pay out close to $1 billion to help people whose homes, businesses and personal possessions were damaged by Hurricane Isabel, according to the Insurance Information Institute (I.I.I.). The...

PIA National Asking House to Pass Five Year Reauthorization of National Flood Program

Oct 10 2003 // The National Association of Professional Insurance Agents (PIA) is urging Congress to reauthorize the National Flood Insurance Program (NFIP).House Financial Services Committee Chairman Michael Oxley (R-Ohio) was to meet...

Disaster Recovery Center to Open in West Chester, Pa.

Oct 3 2003 // State and federal disaster recovery officials will open a Disaster Recovery Center (DRC) today for Chester County residents who sustained property damage in the severe storms and flooding associated with Tropical Storms...

RMS Updates Insured Loss Estimate for Hurricane Isabel to $600M

Sep 24 2003 // Risk Management Solutions (RMS) released a revised loss estimate of $600 million for wind-related claims from Hurricane Isabel, updating its initial estimate of $500 million released on Sept. 17. The company also reported...

Claims From Isabel Expected to Approach $1 Billion

Sep 22 2003 // U.S. insurers are likely to pay out close to $1 billion to help people whose homes, businesses and personal possessions were damaged by Hurricane Isabel, according to the Insurance Information Institute (I.I.I.)The storm,...

Excess Flood Coverage

Sep 22 2003 // Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has introduced Excess Flood Coverage to support insureds in the event of...