Flood Insurance News

Minnesota Towns Continue to Struggle with Flood Damage

Parts of east-central Minnesota are still trying to cope with floodwaters and subsequent damage nearly a week after torrential rains fell across a huge swath of the state. Kanabec County Sheriff Brian Smith told Minnesota Public Radio that communities flooded …

At Least 2 Dead in Midwest Floods that Damaged Homes, Stranded Motorists

At least two people have died in flooding caused by powerful storms that damaged homes, washed out roads and stranded motorists in Wisconsin, Minnesota and Michigan. In northern Wisconsin, an 84-year-old Illinois man died when his vehicle became submerged in …

Parish Officials Warn of Isolation for Louisiana Flood Buyout Refusal

Rapides Parish officials are warning a handful of holdouts in south Alexandria, La., subdivisions that they could be isolated if they don’t accept federally-financed flood buyouts. Carrie Robinette, grant administrator for the Rapides Area Planning Commission, said officials have purchased …

French & German Floods to Hit Insurers’ Earnings but Not Ratings: A.M. Best

The earnings of French and German insurers during the first half of 2016 will be dampened by flood claims following storms Elvira and Friederike, which pounded the countries in quick succession between late May and early June, according to a …

AIR Worldwide: Storms in Texas Brought Up to 600% of Long-Term Average Rain Amounts

Catastrophe modeling firm, AIR Worldwide, reports that over the last several weeks, much of Texas has experienced 400 percent to 600 percent of long-term average rainfall amounts. The storms have subsided for now, but during the recent storm period many …

Update: German Flood Claims Estimated at $1.1B, Says Fitch Ratings

Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry squeezed by low interest rates and decreasing prices for policies. Claims linked to torrential rain, thunderstorms and floods that hit …

Insured Losses from French Floods May Total $682M: Industry Association AFA

Insurance executives meet with government officials in Paris Monday to assess the cost of flooding in the Centre and Ile-de-France regions as the Seine river recedes from its highest levels in more than three decades. The river flowing through the …

More Residents Flee as Swollen River Feeds Flooding near Houston

Residents of some rural southeastern Texas counties are bracing for more flooding along a river that has already reached a record high as more rain was expected in the coming days. Large swaths of suburban communities southwest of Houston were …

Update: Flash Floods Hit SE Germany, Killing at Least 8; AIR Worldwide Comments

Torrential rain, thunderstorms and flash floods that have inundated towns in southeastern Germany in recent days took the death toll to at least eight as forecasters warned of continuing severe weather spreading northward and westward into France. Five people drowned …

Record Brazos River Flooding Inundating Southeast Texas

Residents of some rural southeast Texas counties braced for more flooding along a river that is expected to crest at a record level just two years after it had run dry in places because of drought. National Weather Service meteorologists …