Floods News

More than 200 Homes Damaged in Wyoming Flooding

Officials say four homes were destroyed and 200 more were damaged by flooding in Wyoming. The Ranger reported that the American Red Cross says flood waters in the Wind River Basin destroyed the Fremont County homes in early May. The …

Flood Damage from UK’s Winter Storms to Cost Insurers $2 Billion: ABI

Flood damage in Britain from winter storms has resulted in claims for more than 15,000 homes and businesses and is likely to lead to pay-outs of 1.3 billion pounds ($1.9 billion), the Association of British Insurers estimates. Three winter storms …

Climate Records Keep Shattering with Hottest April in 12th Record-Setting Month

The number of climate records broken in the last few years is stunning. But here’s a new measure of misery: Not only did we just experience the hottest April in 137 years of record keeping, but it was the 12th …

Costly Alberta Wildfires to Hit Q2 Results; Insurers Are Resilient: Ratings Reports

While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to A.M. Best and Moody’s in separate reports. The fire has …

Alberta Wildfire Insured Losses Could Total $7.3B, Covering Area Bigger Than NYC

The wildfires ravaging Canada’s oil hub in northern Alberta have rapidly spread to an area bigger than New York city, prompting the air lift of more than 8,000 evacuees as firefighters seek to salvage critical infrastructure. The inferno around Fort …

Natural Disaster Losses Hit Five-Year High in April: Aon Catastrophe Report

The global economy suffered the worst April natural disaster losses for five years, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Earthquakes, convective storms and flooding contributed to the worldwide devastation, said Impact Forecasting, noting that a significant proportion of …

Alberta Wildfire Could Become Canada’s Costliest Natural Catastrophe

A wildfire in the Alberta city of Fort McMurray is set to become the costliest ever Canadian natural disaster for insurers, with 1,600 buildings destroyed and another 19,000 under threat, analysts and industry sources say. The bill for insurers is …

U.S. Storms in March Will Cost Insurers $2 Billion: Aon Benfield’s Cat Report

Insurers face a $2.0 billion bill following seven severe storm events across multiple states in March, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Overall economic losses sustained to property, infrastructure and agriculture across the U.S. from these storms and …

UK’s Flood Re Launches to Bring Affordable Flood Cover to Homeowners

The U.K.’s new joint industry and government sponsored reinsurance scheme for flood risk began operating today (April 4). Designed to help provide access to affordable flood insurance cover for households at the highest risk, Flood Re expects up to 350,000 …

2015 Global Insured Losses Lowest Since 2009 Despite El Niño Effects: Carpenter

One of the strongest El Niño periods on record and a positive phase of the North Atlantic Oscillation were the climate drivers in 2015 that led to an exceptional season of Pacific tropical storms and severe windstorms and flooding in …