Flood Insurance News

CoreLogic: $13.3B in Reconstruction at Risk in Northern California Dam Failure

Roughly 50,047 single- and multi-family residential homes could be damaged with an estimated reconstruction cost value of $13.3 billion if the Oroville Dam in California were to fail completely, according to new data analysis from CoreLogic that included the six …

Heavy Snowpack Has Some in North Dakota Wary of Spring Flooding

Some Minot residents who endured the Souris River flood of 2011 are having trouble digesting the current snowpack numbers. The National Weather Service says the snowfall total in the city for November and December is approaching 43.5 inches, which is …

Needing More Work, Minot’s Flooded Home Buyout Policy on Hold

A proposed change to Minot, N.D.’s home buyout policy following the devastating 2011 Souris River flood is on hold for more refinement. The City Council is considering providing extra compensation to homeowners who have houses at an appraised value below …

Council Bluffs, Iowa Races to Improve Levees Before FEMA Deadline

Improvements to the Council Bluffs, Iowa, levee system continue step-by-step as city officials keep hoping it’s fast enough to beat federal government action that could cost homeowners a boatload of cash in flood insurance. The city council approved the plans …

Private Flood Insurance a Focus for Pennsylvania Insurance Department in 2017

The Pennsylvania Insurance Department has a plan to continue furthering its initiatives within the private flood insurance market in 2017. This comes after the North Central part of the state of Pennsylvania saw flooding in many areas outside of identified …

Report Calls on New Hampshire to Prepare for Rising Seas

Though the worst impacts of rising seas in New Hampshire are decades away, a state commission is warning that coastal communities must act now to ensure vulnerable buildings are protected and roads, bridges and other structures constructed in the future …

Virginia Flood Damage from Matthew Costliest Since Isabel, Officials Say

Virginia suffered only a glancing blow from Hurricane Matthew last month when unprecedented amounts of rain fell, but on Wednesday officials estimated flood damage to be hundreds of millions of dollars, making it the costliest storm since Hurricane Isabel in …

Q&A: Deloitte Insurance Expert Discusses Hurricane Season and Flood Insurance

Although Atlantic hurricane season ends in November, cleanup from any damage seen on the East Coast could last beyond the end of the season. Some coastal areas, such as Virginia Beach, were impacted this season, particularly by flooding. Flooding is …

City in Virginia Proposes Changes to Flood Insurance Rate Maps

Norfolk officials are urging residents to take notice of proposed changes to federal flood insurance rate maps in the wake of Hurricane Matthew. The Virginian-Pilot reports that the rate maps would require some landowners to buy coverage and put some …

Corps: Flood Protection Plan for Souris River Could Cost Up to $1B

The Army Corps of Engineers has released a draft environmental impact statement for the proposed Souris River flood protection project in North Dakota’s Ward County and is accepting public comments through Dec. 22. The Minot Daily News reports that the …