All the headlines from our Flood Topic Page, ordered by recency.
Apr 2 2003 // Expressing strong support for the National Flood Insurance Program (NFIP) and presenting five principles that should be the focus of reform efforts, J. Fletcher Willey testified on behalf of the Independent Insurance...
Mar 24 2003 // Munich Re has issued a new survey report – “topics Natural Catastrophes 2002.” The study found that “storms and floods have an even greater impact on insurers’ claims burdens than in the year...
Mar 24 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
Mar 20 2003 // Germany’s Allianz AG joined the parade of big insurance companies that had a very bad year in 2002. For the first time since the end of the Second World War Europe’s largest insurer posted an annual loss, and...
Mar 13 2003 // A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the insurance industry at $13.5 billion, $1.5 billion more than the company’s preliminary...
Mar 11 2003 // Munich Re has issued a new survey report – “topics Natural Catastrophes 2002.” The study found that “storms and floods have an even greater impact on insurers’ claims burdens than in the year...
Mar 10 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
Jan 31 2003 // California-based Risk Management Solutions, Inc., one of the world’s leading providers of products and services for catastrophe risk management, announced that it has released an in-depth study, “revealing the...
Jan 28 2003 // The Philadelphia Insurance Companies announced that its website has won the “Flood Public Awareness award” at the National Flood Conference held in New Orleans. “The annual flood conference, held by The...
Jan 14 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is commending the responsiveness of Congress and President Bush for approving legislation that reauthorizes the National Flood Insurance Program...
Jan 13 2003 // Nuts & Bolts: SWBC is offering excess flood for high-value homeowners and commercial buildings.Dollars: Policy limits up to $10 million for the building and up to $1 millon for contents. Carrier: Lloyds of...
Jan 13 2003 // Fraud, in all forms, is as old as the industry itself. Given a struggling economy, the temptation to create fraud against or within the industry has been on the upswing recently.According to Jim Quiggle, director of...
Jan 13 2003 // Fraud, in all forms, is as old as the industry itself. Given a struggling economy, the temptation to create fraud against or within the industry has been on the upswing recently.According to Jim Quiggle, director of...
Jan 10 2003 // Officials of St. Petersburg, Fla.-based Bankers Insurance Group announced the sale of selected assets to Fidelity National Financial and Fidelity National Insurance Services has been finalized.In the sale, Fidelity...
Jan 9 2003 // The National Association of Professional Insurance Agents (PIA National) applauded Wednesday’s vote by the U.S. House of Representatives to reauthorize the National Flood Insurance Program (NFIP). Statutory authority...
Jan 6 2003 // Blizzards in France, floods in the U.K. and Germany, avalanches in the Alps – winter hit Europe particularly hard over the weekend. An unusually heavy snowfall in Northern France shut down the country’s main...
Dec 30 2002 // In a yearly review released today Munich Re calculates the overall economic losses from natural and man-made catastrophes in 2002 at a staggering $55 billion, compared to $35 billion last year. However, the world’s...
Dec 19 2002 // Swiss Re has issued some preliminary findings from its forthcoming sigma report on the world’s catastrophes in 2002. Initial estimates show that it was a relatively benign year. Although “19,000 people world...
Dec 17 2002 // Acting within hours of a request for assistance from the Federal Emergency Management Agency (FEMA), the National Association of Insurance Commissioners’ Property and Casualty Committee adopted a resolution to...
Dec 5 2002 // The National Association of Professional Insurance Agents (PIA National) has filed a request with the Federal Insurance and Mitigation Administration (FIMA), asking that it explore obtaining an Executive Order from...