flooding News

Disaster Recovery Center Opens in Arkansas County

A joint federal/state disaster recovery center opened in Jefferson County Feb. 20 to help those whose homes or businesses were affected by severe storms, tornadoes, straight-line winds and flooding in December and January, Representatives from the Arkansas Department of Emergency …

Low Odds of Serious Flooding Throughout North Dakota

The National Weather Service says that the threat of substantial spring flooding in North Dakota is low, including along a river in the eastern part of the state that has caused millions of dollars of damage in the last decade. …

Fiji’s Strongest-Ever Cyclone Flattens Entire Villages; Death Toll Rises

The death toll from the strongest tropical cyclone ever to hit Fiji climbed to at least 20 as aerial surveillance of affected areas showed entire villages were obliterated as the Category-5 storm roared across the South Pacific nation at the weekend. A …

Allianz Q4 2015 Profit Rises to $1.6B on Cat Claims; Lower Than Analyst Estimates

Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe’s biggest insurer increased to 1.42 billion euros ($1.6 billion) in the quarter from 1.22 billion euros [$1.3 billion] a year earlier, the …

Colorado Town Sees Flood Cleanup Nearing An End

One by one, homes at in a flood-ravaged foothills town near Boulder are being demolished. Two and a half years after the flood, some Lyons residents are finally getting the federal buyouts they applied for, reported The Daily Camera. But …

Sompo Canopius Partners with UK’s SSBN for US Flood Models, Hazard Maps

Sompo Canopius AG has entered into a license agreement with SSBN, which will provide it with flood models and hazard maps for the United States. SSBN works within the insurance sector, providing global flood risk analytics, which are based on …

January Weather Cost Global Economy $4 Billion-Plus: Impact Forecasting

January winter weather cost more than $4.0 billion of economic impact in the United States and Asia, according to Impact Forecasting, Aon Benfield’s catastrophe model development team, which evaluates the impact of natural disasters on a monthly basis. During the …

Insured Property Loss from UK Storms Eva & Frank Estimated at $767.7M: PERILS

The initial estimate of the insured property market loss for UK flood damage during the period from Dec. 25, 2015 to Jan. 14, is £526 million ($767.7 million), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data. …

UK’s Flood Re Secures $3B Reinsurance Program; Scheme to Launch in April

Flood Re, the UK’s new flood reinsurance scheme, has successfully secured a £2.1 billion ($3 billion) multi-year reinsurance program. Flood Re, based in London, will begin operating in April. In an oversubscribed second phase of the tender process, Flood Re …

California City Misused Disaster Relief Funds, Audit Finds

A federal audit has found the city of San Diego, Calif. did not properly use $1. 2 million in disaster relief funds of the $6 million it received for damage from flooding and mudslides five years ago. The Jan. 25 …