Latest Flood Headlines

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

GlobeXplorer, CDS Business Mapping Partner to Provide Online Aerial Photography in Ins. Analysis

Sep 18 2003 // Walnut Creek, Calif.-based GlobeXplorer LLC announced an agreement with CDS Business Mapping LLC to provide online aerial photography for CDS’ insurance analysis packages. GlobeXplorer is a wholly-owned subsidiary of...

As Isabel Heads for N.C., Commissioner Urges Storm Readiness

Sep 17 2003 // With Hurricane Isabel threatening North Carolina’s coast, Insurance Commissioner Jim Long today released a comprehensive list of consumer tips to address questions frequently encountered by North Carolinians...

Check Home Cover in Path of Isabel

Sep 17 2003 // Property owners on the Atlantic seaboard who are bracing themselves for Hurricane Isabel should check their insurance coverage and take some basic precautions to secure their homes or businesses, advised the National...

Excess Flood Coverage

Sep 8 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...

Texas’ Costliest and Deadliest Storms

Aug 18 2003 // The Insurance Council of Texas (ICT) reported that among the state’s costliest and deadliest storms since 1950, a tropical storm that dropped more than three feet of rain on parts of Houston was the costliest weather...

Allianz Flood Claims Top $900 Million; Will Reduce BMW Stake

Aug 11 2003 // Germany’s Allianz announced that it has now processed nearly all of the claims from last summer’s floods in Germany and Eastern Europe, and has paid more than 805 million euros ($909.65). It also revealed plans...

ICT REPORTS ON TEXAS’ COSTLIEST AND DEADLIEST STORMS

Aug 4 2003 // The Insurance Council of Texas (ICT) reported the state’s costliest and deadliest storms since 1950. A tropical storm that dropped more than three feet of rain on parts of Houston was the costliest weather disaster...

Former San Antonio Councilman Disbarred for WC Fraud

Aug 1 2003 // Texas Mutual Insurance Company reported that the Texas State Bar has permanently disbarred Bernardo Eureste, a Houston attorney and former San Antonio city councilman. Eureste has not practiced law since June 2002, when he...

IIABA Supports Passage of Flood Reforms

Jul 25 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is applauding approval of flood insurance reform legislation by a House committee that will reportedly extend the program for five years and institute...

House Financial Services Committee Passes Flood Legislation

Jul 24 2003 // On Wednesday, the House Financial Services Committee, chaired by Rep. Michael G. Oxley, R-Ohio, favorably passed H.R. 253, the “Two Floods and You Are Out of the Taxpayers’ Pocket Act.”Sponsored by Rep....

Water Losses Flood Calif. Homeowners’ Market, Study Says

Jul 17 2003 // The cost of household water damage in California continues to grow at an alarming rate, while the volume of insurance claims being filed for water damage is climbing modestly, a new study has found.Remediation and...

ICT Reports on Texas’ Costliest and Deadliest Storms

Jul 14 2003 // The Insurance Council of Texas (ICT) today reported the state’s costliest and deadliest storms since 1950. A tropical storm that dropped more than three feet of rain on parts of Houston was the costliest weather...

GIA Among the Agencies of the Year at National Flood Conference

Jul 14 2003 // Galveston Insurance Associates of Galveston, Texas reported that it was recently selected as one of three Federal Insurance & Mitigation Administration’s 2002 Agencies of the Year. The award recognizes agencies...

Marshall & Swift Partners with FloodSource

Jul 10 2003 // FloodSource, a Fort Worth-based provider of flood data and flood hazard determination systems, announced that Marshall & Swift (M&S) has integrated FloodSource’s online flood maps directly with...

Swiss Re CEO Says Reinsurance Prospects Favorable

Apr 21 2003 // Swiss Re’s CEO said recently that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the Property/ Casualty reinsurance market. John Coomber joined...

Swiss Re CEO Says Reinsurance Prospects Favorable Despite Current Capital Market Weakness

Apr 10 2003 // Swiss Re’s CEO said Wednesday that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the property & casualty reinsurance market.John Coomber...

Fiserv, Inc. Pens Definitive Agreement to Purchase Insurance Mgt. Solutions Group, Inc.

Apr 10 2003 // Fiserv, Inc. and Insurance Management Solutions Group, Inc. announced the signing of a definitive agreement whereby Fiserv will acquire Insurance Management Solutions Group, Inc. (IMSG).Upon shareholder approval and...

Fiserv to Acquire Insurance Management Solutions

Apr 9 2003 // Brookfield, Wis.-based Fiserv Inc. and Insurance Management Solutions Group Inc. announced the signing of a definitive agreement whereby Fiserv will acquire Insurance Management Solutions Group Inc. (IMSG).Upon shareholder...

National Interstate Offering Flood Insurance

Apr 7 2003 // National Interstate has been recently approved to act as a Write Your Own (WYO) carrier for the NFIP’s Flood Insurance Program in all 50 states. They are currently seeking agencies of all sizes to write Flood...

SWISS RE SIGMA STUDY PUTS 2002 CAT LOSSES AT $13.5B

Apr 7 2003 // A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the industry at $13.5 billion, $1.5 billion more than the company’s preliminary estimates released...