Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Attorney’s Advice to Insurers on Reducing Class Action Exposure Post-Sandy
Nov 6 2012 // A veteran attorney who spent several years defending insurance companies in lawsuits from Hurricane Katrina is offering advice to insurers on class action and bad faith exposure post-Sandy. Insurers will be denying claims...
Sandy Exposed Hospitals’ Lack of Disaster Preparedness
Nov 6 2012 // Kim Bondy was in New Orleans seven years ago when Hurricane Katrina devastated the city, and scores of patients died in flooded hospitals cut off from power. She never thought that she might face that danger herself. But...
Aon Benfield Launches Swiss Flood Model w/ Latest Hazard Data
Nov 6 2012 // 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...
Obama Approves Federal Flood Aid For Southern Utah
Nov 5 2012 // President Barack Obama signed a disaster declaration over the weekend for southern Utah areas hit by a severe storm and flooding in September. Obama declared a major disaster exists in the region and ordered federal aid to...
Insured, Uninsured Sandy Victims Try to Get Through
Nov 5 2012 // Standing in the driveway next to the charred shell of his house on Long Beach, Long Island, with the hood open to his water-logged, brand-new 2012 Subaru Outback, Bill Long heard the words so many in the path of superstorm...
Superstorm Sandy Will Test Federal Flood Insurance Program
Nov 2 2012 // Superstorm Sandy is threatening to drag the U.S. government’s debt-ridden flood insurance program back into the political crosshairs just months after Congress attempted to put the controversial program on a sound...
Big Business Interruption Losses Looming After Sandy
Nov 2 2012 // As the insurance industry makes assessments for superstorm Sandy’s impact, analysts say there is now the potential for significant business interruption (BI) and contingent business interruption (CBI) losses. Fitch...
Is Global Warming to Blame for Superstorm? Scientists Weigh In
Nov 2 2012 // Climate scientist Michael Oppenheimer stood along the Hudson River and watched his research come to life as Hurricane Sandy blew through New York. Just eight months earlier, the Princeton University professor reported that...
Controversy Over Hurricane Deductibles May Just Be Beginning
Nov 2 2012 // When the National Hurricane Center declared Sandy a “post-tropical storm” just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money....
N.Y. Gov. Cuomo: New Yorkers Won’t Have to Pay Hurricane Deductible for Sandy
Nov 1 2012 // New York Governor Andrew Cuomo announced Wednesday that New York homeowners will not have to pay potentially large hurricane deductibles on insurance claims stemming from damage caused by Sandy. New York joins other...
Flood Insurance Still Relatively Rare in Northeast
Oct 31 2012 // Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners policies don’t cover flooding damage, and the vast majority of homeowners...
Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide
Oct 31 2012 // Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss...
P/C Insurers Can Handle Sandy Losses; Flood Program to Bear Brunt
Oct 30 2012 // Ratings analysts at A.M. Best Co. said that it is likely that the brunt of Hurricane Sandy’s financial impact will fall on the National Flood Insurance Program (NFIP), which is responsible for almost all flood...
9 PM Update: Sandy – ‘Northeast’s Katrina’- Causes Flooding, Blackouts, Downed Trees
Oct 30 2012 // Sandy, one of the biggest storms ever to hit the United States, roared ashore with fierce winds and heavy rain on Monday near the gambling resort of Atlantic City, New Jersey, after forcing evacuations, shutting down...
Hurricane Sandy Expected Ashore Monday Night; Could Be Biggest to Hit U.S. Mainland
Oct 29 2012 // • Hurricane expected ashore Monday evening in New Jersey • Could be biggest to hit U.S. mainland • New York, Philadelphia and Washington in its path • New York Stock Exchange closed Monday and Tuesday • Early...
Hurricane Sandy Forces Evacuations, Shutdowns on East Coast
Oct 28 2012 // Tens of millions of East Coast residents scrambled on Sunday to prepare for Hurricane Sandy, which could make landfall as the largest storm to hit the United States, bringing battering winds, flooding and even heavy...
Wall Street Makes Plans to Open Monday Despite Sandy
Oct 28 2012 // U.S. stock exchanges and Wall Street banks are sending employees into Manhattan on Sunday to stay in hotels and coworkers’ homes, as markets prepare to open for business on Monday even as Hurricane Sandy brings...
FEMA to Help Replace University of Iowa Buildings
Oct 26 2012 // After months of lobbying and pressure from Iowa’s governor, congressional delegation and others, the federal government said the University of Iowa will get nearly $84 million to replace a flood damaged auditorium...
Major Hurricane Sandy -Frankenstorm- Threatens East Coast
Oct 25 2012 // Hurricane Sandy swelled into a major threat to much of the U.S. East Coast on Thursday after lashing Cuba with heavy rains and tree-toppling winds and swirling through the Bahamas, U.S. forecasters said. Strengthening...
Alaska Disaster Declaration Now Covers Interior Flooding
Oct 25 2012 // A disaster declaration has been expanded to include three regions of Interior Alaska impacted by flooding in late September. The Fairbanks Daily News-Miner reported Gov. Sean Parnell has expanded an earlier declaration for...
