Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Best Reports Thailand’s Non-Life Sector Moving to New Regulatory Era after Floods
Feb 21 2013 // A new report from A.M. Best says that “regulatory reform and the 2011 floods continue to generate pressure for Thailand’s non-life insurance industry as it contends with uncertain loss development, stricter...
New York Officials: Include Hudson Areas in Flood Study
Feb 20 2013 // New York officials are calling on the U.S. Army Corps of Engineers to include Hudson River communities in a $20 million study of flood-prone areas in the wake of Superstorm Sandy. Sen. Charles Schumer says local...
Fitch Concludes Indonesian Flood Losses Manageable for Non-Life Insurers
Feb 20 2013 // Fitch Ratings said it does not expect insured losses from the recent flooding in Jakarta, Indonesia in January to trigger widespread solvency problems or excessive financial strain on the balance sheet of non-life insurers...
Statistics on Insurers Handling Sandy Flood Claims
Feb 19 2013 // The 15 insurers participating in the National Flood Insurance Program that are handling at least 1,000 claims related to Sandy, the progress they have made in closing claims, and the money they have paid out to date:...
N.J. Congressional Delegation Expresses Concern Over NFIP Claims
Feb 15 2013 // On Tuesday Feb. 12, New Jersey’s Congressional delegation sent a letter to Federal Emergency Management Agency Administrator W. Craig Fugate, expressing their concern over what the delegation described as “the...
U.S. Wants Gaylord’s Tennessee Flood Suit Against Army Corps Dismissed
Feb 14 2013 // A federal judge is scheduled to hear arguments on whether to dismiss a lawsuit filed by the Gaylord Entertainment Co. seeking money for property damage to its luxury hotel and convention center, the Grand Ole Opry and...
Insurer Reports Sandy Flood Claims Resolving Quickly
Feb 14 2013 // A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal...
U.S. Government Adds Climate Change, Weather Data Gaps to ‘High Risk’ List
Feb 14 2013 // Climate change and gaps in weather satellite data have been officially added to the list of high risks facing the federal government, a list that already includes the federal flood insurance program, Medicare and the Post...
Marsh Enhances Access to National Flood Insurance Program
Feb 11 2013 // 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...
IAG Updates Loss Estimates from Australia’s Floods and Fires
Feb 11 2013 // Insurance Australia Group’s Australia Direct and CGU businesses announced that they have “so far received over 13,700 claims arising from ex-Tropical Cyclone Oswald, with the cost to the Group expected to be in...
Australia, Indonesia Floods Highlight Aon Benfield’s January Cat Report
Feb 8 2013 // In its latest monthly Global Catastrophe Recap report Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, focuses on the torrential monsoonal rains, which caused severe flooding...
First Fidelity Brokerage Launches Flood Insurance Website
Feb 7 2013 // First Fidelity Brokerage of New York has launched www.insureflood.com for homeowners and businesses to obtain flood insurance, as well as information about flood insurance. The site also has a link to estimate flood damage...
FEMA Defends Handling of Sandy Flood Claims
Feb 7 2013 // The Federal Emergency Management Agency is defending its handling of Superstorm Sandy-related flood insurance claims following sharp criticism by New Jersey’s governor. FEMA says more than half of the more than...
N.J. Gov. Christie Says Fed Flood Insurance Program Is a ‘Disgrace’
Feb 6 2013 // New Jersey Gov. Chris Christie said Tuesday the National Flood Insurance Program’s handling of claims in New Jersey has been “a disgrace,” complaining that the program has been far too slow to resolve...
Chubb to Adjust Underwriting in Northeast Post-Sandy
Feb 4 2013 // The Chubb Corp., which posted Superstorm Sandy-related pre-tax costs of $882 million in its latest earnings report, said there would be some adjustments to underwriting and pricing in the Northeast region going...
After Disasters, Oklahoma County Struggles Against Drought
Jan 30 2013 // In the gently rolling hills of Oklahoma ranch country is a place that has seen more than its share of destructive weather – tornadoes, ice storms and floods, year after year, for half of the last decade. In fact,...
New Maps Show 35,000 More NYC-Area Buildings in Flood Zones
Jan 30 2013 // Twice as many homes and businesses in and near New York City would be in flood zones under new maps that may force more property-owners to buy flood insurance, complicate post-Superstorm Sandy rebuilding for some and...
AIR Analyzes Australian Floods
Jan 30 2013 // According to catastrophe modeling firm AIR Worldwide, the flooding that has hit parts of eastern Australia has forced the evacuation of thousands of residents. AIR explained that the “heavy precipitation over the...
Massive Floods Hit Queensland, New So. Wales; 4 Dead, Thousands Evacuated
Jan 29 2013 // Massive summer floods killed four people and forced thousands of people to evacuate their homes across two Australian states on Tuesday, disrupting air and rail travel and coal production. A deluge fed by ex-tropical...
Senate Passes $50 Billion Sandy Aid Package; Bill Goes to Obama
Jan 28 2013 // A long-delayed $50.5 billion aid package for victims of Superstorm Sandy cleared the Senate on Monday, three months after the storm destroyed or damaged hundreds of thousands of homes and businesses in coastal New York,...
