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Dubai’s Record Rain Floods Expensive Homes and Halts Flights
Apr 18 2024 // Dubai flights have been severely disrupted and cars were left stranded on flooded roads after record rainfall over the past day brought the city to a standstill. The United Arab Emirates experienced its heaviest downpour...
Markets/Coverages: Parametric Insurer FloodFlash Adds Business Interruption
Apr 15 2024 // Ahead of the 2024 Atlantic hurricane season, FloodFlash, which offers sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage. U.S. Commercial Director Rich Coyle...
Storms Bring Floods and Damaging Wind Across the South
Apr 12 2024 // SLIDELL, La. (AP) — Severe storms blamed for a death in Mississippi spawned a tornado that demolished buildings in one Louisiana city Wednesday while inundating streets in low-lying New Orleans with hours of steady rain...
Viewpoint: Many Businesses May Be Exposed to Losses From Snow Melt Flooding
Apr 3 2024 // Executive summary: Snow melt flooding is an imminent threat in the U.S., but there are steps insurance professionals can take to mitigate their clients’ risk, says Richard Coyle, U.S. commercial director at...
FEMA: SW Florida Stripped of Flood Insurance Discounts After ‘Improper Rebuilds’
Apr 1 2024 // After spiking premiums, nonrenewals and complaints about unpaid claims, more than 115,000 property owners in southwest Florida are now facing a new slap in the face after 2022’s Hurricane Ian: 25% higher flood...
Vermont Communities Hit by Summer Flooding Seek $3.5M to Elevate 20 Homes
Mar 22 2024 // Two of the Vermont communities hardest hit by last summer’s catastrophic flooding have requested $3.5 million in state funding to elevate 20 homes in Barre and the capital city of Montpelier for flood victims who...
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