All the headlines from our Flood Topic Page, ordered by recency.
Aug 20 2002 // A number of European insurers and reinsurers have indicated that despite the widespread damages caused by the ongoing floods in Germany and Eastern Europe, their exposure to claims is limited.With analysts now increasing...
Aug 20 2002 // Torrential rains, which have already been responsible for flash floods and landslides that have killed an estimated 250 people, are continuing in China’s heavily populated Hunan Province, raising threats of a...
Aug 19 2002 // Even as German Chancellor Schroeder met with other European leaders in Berlin on Sunday to find ways of dealing with the unprecedented floods sweeping across Eastern Europe, workers in Budapest struggled to contain the...
Aug 19 2002 // Bermuda-based PartnerRe Ltd. reports that claims from its exposures to flooding currently impacting Europe are expected to approximate $100 million. Over the past week, heavy rainfall has flooded much of eastern and...
Aug 16 2002 // Many European insurers expect claims totaling millions of euros as flooding that has heavily damaged areas of the Czech Republic and Austria now threaten eastern Germany.Reuters reports that several European...
Aug 15 2002 // Standard & Poor’s says it is too early to assess the impact of the current floods on the Czech insurance market, but that the lessons of the last great floods five years ago might not have been learnt.Reports...
Aug 13 2002 // South Carolina-based The Seibels Bruce Group Inc., posted a net profit of $1.0 million, or $0.11 per share (basic and diluted) in the second quarter This is compared with a net profit of $1.1 million, or $0.13 per share...
Jul 22 2002 // Nuts & Bolts: American Bankers and American Reliable are offering a new Excess Flood Insurance Program. It provides coverage in excess of NFIP building and contents limits. Written in all zones and both commercial and...
Jul 22 2002 // Dallas-based NationWide Flood Research Inc. launched TruRisk, a proprietary mapping and risk assessment application that shows where properties lie in relation to special flood hazard areas. NationWide Flood...
Jul 22 2002 // Now that floodwaters in Central and South Texas have begun to recede, officials are anticipating hundreds of millions of dollars in damages to residential and commercial property at a time when the state’s homeowners...
Jul 16 2002 // Foremost Insurance Co., a Michigan-based insurer providing mobile home coverage, announced a gradual increase in claims in the wake of recent flooding in Texas.A.M. Best reports that the company has so far received 270...
Jul 1 2002 // An investigation by the Texas Department of Insurance (TDI), the Federal Bureau of Investigation (FBI) and the U.S. Postal Inspection Service resulted in the arrest of seven Houston homeowners in connection with an alleged...
Jun 24 2002 // Colorado State University hurricane forecasters, led by Dr. William Gray, recently lowered this year’s Atlantic basin hurricane forecast numbers, but that hasn’t prevented insurance commissioners from states...
Jun 24 2002 // You’ve heard them called trailer houses … or mobile homes … or manufactured houses.No matter what you call them, it’s a fact that one out of every five new homes sold today is a manufactured home. That,...
Jun 20 2002 // Omaha Property and Casualty (OPAC) of Omaha, Neb., recently launched its integrated Flood Automated Policy Processing System (FloodAPPS), developed in conjunction with EDS. The system offers agents an automated process for...
Jun 10 2002 // Officials in Pennsylvania’s Richland Township will ask the Federal Emergency Management Agency (FEMA) to correct official maps of the area, that incorrectly designate certain properties as located on a flood...
May 22 2002 // While it might be a more urgent priority in Florida or Texas rather than New York, hurricanes and tropical storms can nonetheless cause extensive damage all along the eastern seaboard.It’s not surprising therefore...
Apr 9 2002 // Woodland, Calif. homeowners are likely to soon receive letters from their mortgage letters requiring them to purchase homeowners insurance, according to the Sacramento Bee.The Federal Emergency Management Agency (FEMA)...
Mar 25 2002 // Nuts & Bolts: First Premium Insurance Group Inc. has available an NFIP Alternative Flood Program.Dollars: Policy limits of $1.5 million. Carrier: Lloyd’s of London. Rated “A.”States Available: All...
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...