flooding News

At Least 2 Dead in Midwest Floods that Damaged Homes, Stranded Motorists

At least two people have died in flooding caused by powerful storms that damaged homes, washed out roads and stranded motorists in Wisconsin, Minnesota and Michigan. In northern Wisconsin, an 84-year-old Illinois man died when his vehicle became submerged in …

Climate Change Exposes U.S. Infrastructure to Natural Hazards, Rand Corp. Says

Editor’s note: This is the first of a two-part column. A follow up column will focus on how catastrophe modelers are being asked to create products that take into account potential climate change impacts. A report out this week from …

XL Estimates Q2 Cats to Cost $240M, Led by Alberta Wildfires

XL Group Plc, the insurer that expanded last year with the purchase of Catlin Group Ltd., said second-quarter catastrophe costs were probably about $240 million pretax, with wildfires in Alberta, Canada, responsible for about half the total. Flooding in Europe …

Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re

Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by Munich Re. While …

Alaska Asking for Input on Updated Tsunami Guidelines

The University of Alaska Fairbanks and the state officials are seeking public input on new guidelines for how coastal communities should respond to tsunamis. The Kodiak Daily Mirror reported that new modeling shows the potential for extreme currents and flooding …

China Floods Kill 173, Cut Transportation Links; Hit to Economy Expected

Weeks of torrential rain across central and southern China have caused the country’s worst flooding since 1998, killing 173 people, ruining farms and cutting major transportation arteries — and creating potential headwinds to economy growth. A swollen Yangtze and other …

Typhoon Nepartak Lashes Taiwan, to Weaken Before Hitting China

Super typhoon Nepartak hit Taiwan on Friday, driving thousands of people from their homes, disrupting power supply and forcing the cancellation of more than 600 flights, emergency authorities said. Television showed images of tipped-over motorcycles and large signboards being ripped from buildings …

Taiwan Readies for Typhoon Nepartak; AIR Worldwide Comments

Taiwan told schools and offices along its eastern coast to close early Thursday as Typhoon Nepartak threatens to unleash strong winds and heavy rain across the island through Friday. Airlines canceled or rerouted flights in and out of Taiwan. The …

Governor of Oklahoma Seeks Disaster Declaration for June Flooding

Gov. Mary Fallin has asked for a federal disaster declaration in three Oklahoma counties as a result of severe storms and flooding in June. Fallin announced last week that she’s requesting individual assistance for homeowners, renters and business owners in Caddo, …

French & German Floods to Hit Insurers’ Earnings but Not Ratings: A.M. Best

The earnings of French and German insurers during the first half of 2016 will be dampened by flood claims following storms Elvira and Friederike, which pounded the countries in quick succession between late May and early June, according to a …