flood News

Willis Re Introduces Suite of Flood Analytics for Canada Insurance Market

Willis Re, the reinsurance division of Willis Group Holdings plc, has unveiled a new suite of flood solutions offering analytical capabilities that will enable insurers to proactively manage Canada flood accumulations. Based on the analytics provided by Willis Re’s strategic …

India Tops List of Countries at Risk From River Flooding, Analysis Shows

Gross domestic product at risk of flooding in India, the world’s second-most populous nation, may surge 10-fold by 2030 as cities expand and climate challenges worsen, according to the World Resources Institute. A new online global flood-analyzing tool developed by …

Global Risk Investment May R!SE With U.N., Willis-Backed Initiative

There is opportunity in climate change. That’s the frown-upside down view being taken by at least one large insurance broker under part of a global initiative to heighten the awareness of global risk and investing opportunities. Operating under the umbrella …

$7M in Flood Money Being Waited on by Nebraska Cities

Nebraska cities along the Missouri River are still waiting for nearly $7.2 million in reimbursement from state and federal agencies, more than three years after extensive flooding. Five cities have yet to receive payments between $275,000 and nearly $4 million, …

Arizonans Face Second Tropical Threat in Two Weeks

A week ago, Hurricane Norbert pumped tropical moisture across the U.S. Southwest, touching off record rainfall in Phoenix and Tucson that killed at least two people, flooded hundreds of homes and shut highways throughout the region. This week, Hurricane Odile …

Hundreds Of Oahu Properties At Flood Risk, Feds Say

New maps from the Federal Emergency Management Agency have reclassified hundreds of Oahu properties and placed them in a high-risk flood zone. Mortgage lenders will likely require property owners to buy flood insurance if they find themselves in the zone. …

Risky Flood Zone Yielded by Oak Creek Fire in Arizona

A risky flood zone has been created in the aftermath of a wildfire that burned around northern Arizona’s Oak Creek Canyon, a report from forest officials said. According to experts, runoff and erosion from the Slide Fire could occur at …

Ohio Faces Flash Flood Threat Following Rains

Flood watches were in effect across much of eastern and northern Ohio as communities recovered from several days of heavy rain and storms. The National Weather Service predicted an end to the precipitation and some falling temperatures Friday and into the …

Disaster Declarations Requested for Arkansas Counties

Members of Arkansas’ congressional delegation are asking the Federal Emergency Management Agency and President Barack Obama to issue additional disaster declarations for areas of Arkansas hit hard by last week’s tornadoes and flooding. Arkansas’ two U.S. senators and four congressmen …

Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida

Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now offer primary flood insurance of $500,000 to its customers, in …