Floods News

President Declares Disaster For Spring Flooding in Alaska

President Barack Obama has declared a federal disaster for spring flooding in parts of Alaska. Gov. Sean Parnell earlier this month requested the federal designation for the Alaska Gateway, Yukon Flats, Yukon Koyukuk, Lower Yukon and Copper River regional educational …

Marsh Enhances Access to National Flood Insurance Program

Marsh has enhanced its Flood Service Center (FSC) facility, which is dedicated to providing clients flood coverage and includes options through the National Flood Insurance Program (NFIP). In collaboration with Homesite Insurance in a fronting capacity and Torrent Technologies, an …

Feds Pledge $1 Million To Utah For Flood Damage

The federal government is offering more than $1 million to help cover damage caused by flooding earlier this year in Southern Utah. Officials estimate that floodwaters from a broken dike caused damages of at least $2.8 million in Santa Clara, …

Climate is ‘Changing before our Eyes’ Says World Meteorological Organization

The fact that Arctic sea ice has melted this year to its lowest recorded level shows, along with other weather extremes, that “climate change is taking place before our eyes,” the World Meteorological Organization (WMO) said on Wednesday. The first …

Colombia to Offer Climate Change Insurance to Coffee Farmers

Colombia is launching insurance to protect coffee plantations hit by climate change, which has damaged output in the world’s top producer of high quality Arabica beans in recent years, officials said on Wednesday. After three years of bad weather and …

AIR Analyzes Heavy Impact of UK Floods; 2012 Losses ‘Above Average’

Catastrophe modeling firm AIR Worldwide has issued a preliminary report on the floods caused by the heavy rainfall that began lashing the British Isles on Thursday, November 22, prompting hundreds of flood warnings and alerts. “As of Tuesday, November 27 …

As UK Floods Continue, ABI Urges Progress on Stalled Insurance Talks

The UK is currently experiencing a protracted series of floods, which have swept up the west coast of the country through Wales and into the Midlands. Two deaths have been reported, and over 800 homes and businesses have been flooded …

Study: Minot, North Dakota Has $1B in Unmet Flood Recovery Needs

A study has concluded that Minot, N.D., has $1 billion in unmet needs as it continues to recover from historic Souris River flooding in 2011. The Minot City Council spent $125,000 of federal grant money to commission the study. The …

Extreme Weather Hits Poor, Middle Class in U.S. the Hardest

U.S. droughts, floods and heat waves likely fueled by climate change in the last two years hit the people who can afford it the least – the poor and middle class, a report published on Friday said. In affected areas …

Aon Benfield Launches Swiss Flood Model w/ Latest Hazard Data

Aon Benfield, Aon’s global reinsurance intermediary and capital advisor, has launched a new flood model for Switzerland and Lichtenstein to quantify financial losses caused by riverine and lake flooding.   “Flooding in Switzerland over the last two decades has caused …