Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Possible Shutdown Could Hurt Colorado Flood Recovery
Oct 2 2013 // While officials promise that direct aid to Colorado flooding victims won’t be affected by a possible government shutdown, a standoff in Washington could still end up hurting the state’s recovery...
New York to Compensate Storm Victims for NFIP’s ‘Earth Movement’ Exclusion
Sep 30 2013 // New York will use part of its share of billions of dollars in federal Superstorm Sandy aid to “fully compensate” storm victims who had flood insurance claims denied because of a hard-to-understand rule barring...
Rep. Waters, Author of Flood Reform Act, Calls for Delay in Implementation
Sep 30 2013 // A Congresswomen whose name adorns the now-controversial federal flood insurance reform bill passed in 2012 says she wants the law changed to deal with “unintended consequences” including big premium hikes for...
Flood Insurance Premiums Rising Along New Jersey Coast
Sep 30 2013 // Hundreds of New Jersey flood insurance policyholders will soon be facing higher premiums spurred by sweeping changes to the federal law that will take effect Tuesday. The increases stem from legislation passed in June 2012...
Mississippi Insurance Chief Sues to Halt Flood Insurance Rate Hikes
Sep 29 2013 // The Mississippi Department of Insurance has filed a lawsuit against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. State Insurance Commissioner Mike Chaney said...
Mass. Congressional Delegation Seeks Delay of Flood Insurance Rate Hikes
Sep 27 2013 // Massachusetts’ congressional delegation is urging fellow lawmakers in Washington to delay implementation of the Biggert-Waters National Flood Insurance Reform Act provisions. The Massachusetts lawmakers said this...
Louisiana State Treasurer Suggests State-Run Flood Insurance Plan
Sep 27 2013 // Seeking a way to ease skyrocketing federal flood insurance rates, state Treasurer John Kennedy has suggested that Louisiana should consider getting in the business of offering flood insurance coverage to its...
Flood Insurance ‘Sticker Shock’ Hits Floridians with New, Secondary Homes
Sep 26 2013 // When Colin and Joyce Elston bought their Florida dream home in May, they were confident they could afford the three-bedroom, two-bathroom ranch with a pool and a backyard overlooking the Intracoastal Waterway. Now they are...
Canada Regulator Urges Re/Insurers to Use Cat Bonds after Flood Disaster
Sep 25 2013 // Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June. Climate...
Opinion: Energy Industry Liability May Cover Contamination Claims From Colorado Flooding
Sep 24 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Early reports confirm nearly 2,400 square miles saturated with water causing massive dislocation...
New Mexico Floods Damaging But Also Brought Drought Relief
Sep 24 2013 // Recent flooding brought widespread damage to New Mexico, but the rain also provided significant relief for the state’s drought. Some places, like Albuquerque, are still well short of their 36-month rainfall average,...
Florida Realtors Join Call to Delay Flood Insurance Hikes
Sep 24 2013 // Real estate brokers have joined the chorus of those asking Congress to halt some of the changes to the nation’s flood insurance program that will raise premiums for some owners of property in flood zones. At the...
Alberta Floods Canada’s Costliest Natural Disaster
Sep 24 2013 // The massive floods that devastated swaths of southern Alberta in June are estimated to be the costliest natural disaster in Canadian history, with the Insurance Bureau of Canada pegging the property damage at C$1.7 billion...
Best’s UK Non-Life Report Highlights ‘Challenging Market Conditions’
Sep 24 2013 // According to a new report from A.M. Best Co., the U.K. non-life insurance sector “faces mounting pressures, ranging from regulatory changes and competitive market conditions to an uncertain economic environment and...
N.J. Group to Rally Against Rising National Flood Insurance Premiums
Sep 23 2013 // Toms River, N..J., homeowner George Kasimos wants to make sure that lawmakers in Washington, D.C., hear the growing concerns of his shore community and other communities across the country. Kasimos started a grassroots...
Capital Insurance Group to Offer Premium Credits for Apartment Buildings, Condos
Sep 23 2013 // Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released three new 2 percent total premium credits for commercial apartment and condominium lines. The Stovetop...
Total Estimates From New Mexico Floods May Take Weeks
Sep 23 2013 // It could be a while before the exact amount of damage from recent heavy rain and flooding in New Mexico will be known, officials said. Counties are submitting preliminary flood damage estimates to the Federal Emergency...
Colorado Flooding: The Silver Lining
Sep 23 2013 // Surging waters in Colorado swept away barns, silos and fences and left houses covered in mud in this northern agricultural town. The flood waters were so powerful they uprooted irrigation pipes and spread them around the...
FEMA Chief Disappoints Senators, Says He Can’t Delay Flood Insurance Rates
Sep 23 2013 // Pressure continues to build in Congress to delay implementation of flood insurance reforms that are raising premiums for thousands of property owners across the country. But the man in charge of administering the program...
EQECAT: Colorado Floods $2B in Economic Losses and Climbing
Sep 20 2013 // The floods in Colorado caused an estimated $2 billion in economic losses, according to a report from catastrophe modeling firm EQECAT. The flooding has been blamed for multiple fatalities, it’s estimated 1,500 homes...
