flooding News

PERILS Discloses Final Loss Estimate for UK Storm Desmond of £604M

PERILS AG has today disclosed its fourth and final loss estimate for the floods in the UK which occurred Dec. 4-24, 2015 and were linked to storm Desmond and other low pressure systems. The revised estimate of the insured property …

October Floods in Atlantic Canada Cost $100M-Plus in Insured Damage

A tropical moisture system resulting from Hurricane Matthew swept through Atlantic Canada last month, resulting in more than $100 million in insured damage, according to Insurance Bureau of Canada (IBC), which quoted a report from Catastrophe Indices and Quantification Inc. (CatIQ). A cold front interacting …

Zurich’s Sustainable U.S. Campus Is One Part of Its Green Ambitions

The voice of Zurich North America Chief Legal Officer Dennis Kerrigan swelled with pride as he described the carrier’s new headquarters in Schaumburg, Ill., and its importance to Zurich’s overall philosophy about environmental and social responsibility. The 783,800-square-foot corporate campus …

Number of Flood Policies Sold in Iowa Dropping in Recent Years

The number of flood insurance policies sold in Iowa dropped 22 percent between 2011 and this year, but it’s hard to determine the reason for the decline. The Des Moines Register reported the number of policies fell to 13,872 at …

Disaster Declared for Kansas Counties Hit by Storm

President Barack Obama has signed a disaster declaration for 11 Kansas counties hit hard by last month’s severe storms and flooding. The declaration means federal funding is now available for state and eligible local government and some nonprofit organizations. The …

Louisiana Governor’s Latest Federal Flood Request Aid Upped to $4B

Gov. John Bel Edwards bumped up his request to more than $4 billion for federal flood disaster aid to repair south Louisiana’s flood destruction, according to a letter to the White House released Friday. The Democratic governor’s earlier request totaled …

Typhoon Haima Hits China as Weaker Storm; AIR Worldwide Comments

Typhoon Haima made landfall in China after it brushed past Hong Kong, forcing the city’s stock exchange to cancel trading for the day and airlines to suspend flights. The Hong Kong Observatory said it will consider lowering Storm Signal No. …

Minor Flooding Follows Downpour in Nevada Wildfire Area

Fears of flooding are dissipating after rainfall helped quell a wind-whipped wildfire in Northern Nevada that destroyed 22 homes and 17 other structures in the Washoe Valley north of Carson City. Sierra Front Fire Management spokesman Mark Struble said that …

Study Finds Climate Change Could Lead to More Hurricanes on NYC Coast

Hurricanes could start flooding New York City’s coastline as often as every 20 years due to the effects of climate change on sea-level rise and hurricane activity, scientists said on Monday. Water could surge some 9 feet (2.8 meters) in …

Louisiana to Get $437M in Flood Recovery Assistance Allocated by Congress

Sen. Bill Cassidy says Louisiana will get $437 million of the $500 million in flood recovery assistance allocated by Congress. Congress approved the $500 million in flood recovery assistance as part of a hybrid spending measure passed in September. But …