Flood Insurance News

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 …

At Least 6 Dead, 2 Missing After Floods in Texas, Kansas

Authorities in central Texas have found two more bodies along flooded streams, bringing the death toll from flooding in the state to six. It was unclear Sunday whether a body found in Travis County near Austin was one of the …

Flooded Homeowners Allege Negligence in Suit Against City of Houston

A citizen’s group and homeowners who have recently suffered repeat flood damage sued Houston, Texas, in federal court, alleging the city backed improvements at a commercial development they say were made without putting in adequate drainage. Residents Against Flooding and …

Federal Funding for Ohio Flood Control Plan in Jeopardy

Officials in northwest Ohio may be forced to abandon a flood control project or pay for it with local money as federal funding for the plan is in jeopardy. A review by the U.S. Army Corps of Engineers in recent …

Report: Cost of Flood Control Improvements in Austin — Possibly $4B

A draft report on how to avoid storm-related flooding in Austin and save lives says improvements could cost up to $4 billion. The Austin American-Statesman reported that the Flood Mitigation Task Force recommends increased public awareness with efforts including installation …

Minnesota Still Wary About Impact of North Dakota Flood Project

Proponents of a proposed $2.1 billion Fargo-Moorhead flood diversion project in North Dakota will have to do a better job of addressing concerns about how it would affect farmers and other residents upstream before Minnesota will issue the permits the …