Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Neptune Flood Acquires Data Science Firm to Enhance Its AI-Driven Flood Insurance
May 2 2024 // Private flood insurer Neptune Flood reported it has acquired Charles River Data, a Boston-based data science consulting group. According to Neptune, the strategic move will bolster its underwriting system through advanced...
Southeast Seas Rising Faster Than Other Regions, ‘Turbocharging’ Floods, Report Finds
May 2 2024 // From the Rio Grande to the Outer Banks, sea levels are rising faster than most other parts of the world, blocking the outflow of rivers and streams and causing inland flooding that would not have been seen just a few years...
UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk
Apr 30 2024 // The UK’s second biggest mortgage provider has stopped making loans on homes at risk of flooding, over fears they may become uninsurable — and therefore, unsellable — over the coming years. Nationwide Building...
Here’s Why Experts Don’t Think Cloud Seeding Caused Dubai Flooding
Apr 26 2024 // With cloud seeding, it may rain, but it doesn’t really pour or flood — at least nothing like what drenched the United Arab Emirates and paralyzed Dubai, meteorologists said. Cloud seeding, although decades old, is...
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate
Apr 23 2024 // The heavy rains that flooded Dubai last week halted air traffic, damaged buildings and streets — and left climate experts and common citizens asking whether one of the world’s hottest and driest cities should be...
Europe Is Being Scorched and Flooded by Growing Climate Extremes
Apr 22 2024 // The European Union endured its joint-hottest year on record in 2023, according to new scientific analysis, pointing to a more perilous future for what is already the world’s fastest-warming continent. Europe...
Vermont Farms Still Recovering From Flooding As Growing Season Begins
Apr 19 2024 // Hundreds of Vermont farms are still recovering from last July’s catastrophic flooding and other extreme weather as they head into this year’s growing season. Dog River Farm, in Berlin, Vermont, lost nearly all...
Dubai’s Record Rain Floods Expensive Homes and Halts Flights
Apr 18 2024 // Dubai flights have been severely disrupted and cars were left stranded on flooded roads after record rainfall over the past day brought the city to a standstill. The United Arab Emirates experienced its heaviest downpour...
Markets/Coverages: Parametric Insurer FloodFlash Adds Business Interruption
Apr 15 2024 // Ahead of the 2024 Atlantic hurricane season, FloodFlash, which offers sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage. U.S. Commercial Director Rich Coyle...
Storms Bring Floods and Damaging Wind Across the South
Apr 12 2024 // SLIDELL, La. (AP) — Severe storms blamed for a death in Mississippi spawned a tornado that demolished buildings in one Louisiana city Wednesday while inundating streets in low-lying New Orleans with hours of steady rain...
Viewpoint: Many Businesses May Be Exposed to Losses From Snow Melt Flooding
Apr 3 2024 // Executive summary: Snow melt flooding is an imminent threat in the U.S., but there are steps insurance professionals can take to mitigate their clients’ risk, says Richard Coyle, U.S. commercial director at...
FEMA: SW Florida Stripped of Flood Insurance Discounts After ‘Improper Rebuilds’
Apr 1 2024 // After spiking premiums, nonrenewals and complaints about unpaid claims, more than 115,000 property owners in southwest Florida are now facing a new slap in the face after 2022’s Hurricane Ian: 25% higher flood...
Vermont Communities Hit by Summer Flooding Seek $3.5M to Elevate 20 Homes
Mar 22 2024 // Two of the Vermont communities hardest hit by last summer’s catastrophic flooding have requested $3.5 million in state funding to elevate 20 homes in Barre and the capital city of Montpelier for flood victims who...
New Jersey Property Flood Risk Disclosure Law Going Into Effect
Mar 19 2024 // A New Jersey law requiring residential and commercial landlords and sellers of real estate to disclose any flood history and potential flood risks to prospective renters and purchasers goes into effect Wednesday, March...
NFIP Pays $364M on Idalia Claims. Florida Bill Requires Flood Disclosure to Buyers
Mar 14 2024 // The National Flood Insurance Program has paid out $364 million on flood claims from Hurricane Idalia, the storm that swamped part of Florida in August. That’s a fraction of the $3.2 billion NFIP paid after Hurricane...
Massachusetts Appeals Denial of Federal Disaster Aid for Fall Flooding
Mar 14 2024 // Massachusetts Gov. Maura Healey is appealing a decision of the Federal Emergency Management Agency to deny the state’s request for a major disaster declaration to support cities and towns battered by severe weather...
Record Rainfall Hits Charleston, South Carolina, Forcing Flood Rescues
Mar 12 2024 // CHARLESTON, S.C. (AP) — A record-setting rainstorm flooded parts of Charleston, South Carolina, on Saturday, requiring emergency responders to help some people get out of high waters. The National Weather Service in...
Biden Approves Federal Disaster Aid for Vermont for December Flooding, Severe Storm
Mar 6 2024 // President Joe Biden has approved a federal disaster declaration sought by Gov. Phil Scott to help communities in seven Vermont counties that saw severe rainfall and flooding in December. Federal funding is available on a...
S&P Says Flooding Events for California Cities and Counties May Result in Credit Risks
Mar 6 2024 // California’s high rainfall in 2023 is continuing into 2024 but has yet to have a material effect on credit quality for cities and counties rated by S&P Global Ratings, however the longer-term effects on issuers...
Climate Tech Firm to Pilot Fast-Paying Flood Insurance in Africa
Mar 1 2024 // Climate change is particularly perilous for small farmers. Warmer conditions are resulting in more damaging bouts of rain and drought, but traditional crop insurance products are often unavailable or financially out of...
