All the headlines from our Flood Topic Page, ordered by recency.
Oct 19 2020 // The Nebraska Department of Insurance is planning brief, one-hour, biannual workshops for insurance agents each October and April to discuss the changes in the Flood Insurance Manual. The first such workshop will be held on...
Oct 19 2020 // The state of South Carolina is aiming to foster new flood insurance coverage options through the enactment of the South Carolina Private Flood Insurance Act.South Carolina Gov. Henry McMaster signed the legislation, passed...
Oct 15 2020 // After five years filled with unprecedented flooding, South Carolina has now established an office to marshal the state’s efforts in stemming floodwaters and coordinating recovery and relief efforts.Governor Henry...
Oct 9 2020 // Third quarters are often the costliest of the year in terms natural disasters. Insurance broker Aon’s monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred...
Oct 8 2020 // After launching in Florida as a flood insurer in 2016 and expanding into the homeowners market in 2018, TypTap Insurance Co. has officially started the process of becoming a nationwide company.The technology-driven insurer...
Oct 8 2020 // Florida-based flood insurance agency National Flood Insurance (NFI) has backed a new online platform for consumers and agents to quote, compare, and purchase flood insurance policies from multiple flood insurance...
Oct 6 2020 // When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make getting coverage difficult, expensive or both. Learning how to identify them could save a...
Oct 6 2020 // The state of South Carolina is aiming to foster new flood insurance coverage options through the enactment of the South Carolina Private Flood Insurance Act.South Carolina Gov. Henry McMaster signed the legislation, passed...
Oct 5 2020 // A judge has dismissed the criminal case against a chemical manufacturer and one of its former employees over a fire at its plant near Houston during Hurricane Harvey, saying prosecutors failed to present sufficient...
Oct 5 2020 // Tropical Storm Beta made landfall on the central Texas coast on Sept. 21 as the 23rd named storm of the hyperactive 2020 Atlantic hurricane season and the third to hit the Gulf Coast this year.Slow moving Beta dumped heavy...
Oct 5 2020 // Insured losses from Hurricane Sally could reach as much as $3 billion, according to catastrophe modelers, but ratings agency Moody’s expects a moderate impact on property and casualty insurers and...
Oct 1 2020 // President Donald Trump signed a funding measure that will keep the federal government running until Dec. 11.The continuing resolution (HR 8337), which the House passed last week 359 to 57, was approved by the Senate in a...
Sep 29 2020 // Houston, a Gulf Coast city that barely rises above sea level, has long worried about a worst-case weather scenario — a direct hit from a powerful storm that sends a wall of water barreling into the region’s...
Sep 28 2020 // Mississippi has received nearly $23 million in emergency relief funds from the U.S. Department of Transportation to repair federal roadways that were damaged by severe flooding.U.S. Sen. Cindy Hyde-Smith announced the five...
Sep 23 2020 // The House of Representatives yesterday extended the National Flood Insurance Program until Sept. 30, 2021 as part of a measure to fund the federal government through December 11.The flood insurance program is currently set...
Sep 23 2020 // Insured losses from Hurricane Sally could reach as much as $3 billion, according to catastrophe modelers, but ratings agency Moody’s expects a moderate impact on property & casualty insurers and...
Sep 23 2020 // Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers.Indeed, broker Aon reveals that more than 60% of 2020’s insured catastrophe...
Sep 22 2020 // Beta weakened to a tropical depression on Sept. 22 as it crawled inland along the Texas coast south of Houston, unleashing heavy rains, flooding streets, and forcing emergency workers to rescue dozens of people.Rain...
Sep 21 2020 // Beta, a slow-moving tropical storm, will bring flooding rains to Texas and Louisiana as well as raking offshore energy fields with high winds, but may not reach hurricane strength.Beta’s winds will likely hold at 50...
Sep 18 2020 // Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires in California, Oregon, and Washington, or Hurricane Laura, according to AM Best. As the storm was more of...