Flood Insurance News

Delaware Insurance Commissioner Advises Residents in Case of Hurricane Matthew

Delaware Insurance Commissioner Karen Weldin Stewart is encouraging Delaware residents to take action now to prepare for potential damages and interruptions from Hurricane Matthew. Although it is too early to predict the long-term track of the storm, residents are encouraged …

Council Bluffs, Iowa Repairing, Upgrading Flood Protection System

Council Bluffs, Iowa, officials are working to strengthen the levees protecting the western Iowa city before homeowners are forced to pay higher premiums for flood insurance. The Daily Nonpareil reports the city wants to complete the levee projects before the …

Wisconsin Says Flood Damage Estimate Now Nearing $20M

Wisconsin emergency management officials say the damage to homes, businesses and public infrastructure from flooding that started last week is now approaching $20 million. In an update on Sept. 28, the State Emergency Operations Center put the damage to homes …

Flood Damage in Wisconsin Approaching $10M

Wisconsin emergency management officials say the damage to homes, businesses and public infrastructure from flooding that started last week is approaching $10 million. In an update night, the State Emergency Operations Center put the damage to homes and businesses at …

Coastal American Insurance Rolls Out Private Flood Endorsement in Mississippi

Coastal American Insurance Co. has introduced a combined wind and flood insurance policy for policyholders in Mississippi. The new private flood endorsement is designed to eliminate disputes over concurrent causation, which often arise when storms hit coastal areas coverage according …

Southern Kansas Flood Damage Estimated at $1M

Southern Kansas flooding victims are cleaning up the mess torrential rains left behind. The Wichita Eagle reports that Mulvane city administrator Kent Hixson says 44 homes and five businesses inside the city limits saw some sort of flooding damage from …

RMS: Flood Insurance Uptake Low in Areas Hit Hardest by Louisiana Flooding

Calling the recent flooding event in Louisiana one of the most significant natural disasters in the United States, catastrophe modelling firm RMS said flood insurance participation is low in the parishes most affected by floods. Flooding since Aug. 11 has been particularly …

6 Dead, Tens of Thousands Evacuated in Louisiana Flooding

Emergency crews worked through the night to rescue scores of south Louisiana residents from homes and stranded cars as deadly flooding continued to inundate large swaths of the region Sunday, three days after rain-swollen water levels began rapidly rising. From …

SLSOT Using Data to Better Communicate with Surplus Line Market Stakeholders

Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which standard insurance markets have little appetite. That was …

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 …