flood News

Is it Flood or Water Damage – Part IV of Flood, Flood or Flood

To review prior articles, links are here for Part I, Part II, and Part III.  Part IV What the Insured Said Let’s bring this discussion back full circle to discuss what happened. What did the insured actually mean by “We …

El Niño Likely to Last Through Northern Hemisphere Summer: U.S. Forecaster

The El Niño climate phenomenon is almost certain to last through the Northern Hemisphere summer, the U.S. weather forecaster said, raising the chance of heavy rain in the southern United States as well as South America, and scorching heat in …

Flood, Flood or Flood! Who Responds: AAIS, ISO or NFIP? – Part III

Part III AAIS’s Flood Coverage Endorsement “Flood” becomes a covered cause of loss by attachment of AAIS’s Flood Endorsement CO 1223 (The Flood Endorsement specifically designed for the COP XL is endorsement/form number OP 1101. This form applies the same …

Flood, Flood or Flood? – Part II

In case you missed it (and don’t want to begin in the middle of the conversation), here is the link to Part I.  Part II AAIS’s COP and COP XL Coverage Forms AAIS’s COP and COP XL are designed and …

Flood, Flood, or Flood: What is Really Meant When a ‘Flood’ Loss is Reported? – Part I

Part I “We’ve had a flood,” says the commercial insured. “Oh, no!” the agent says as he quickly reviews the file documentation to confirm whether flood coverage was even offered. Then the key question is asked, “What happened?” What really …

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 …