Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Global Mining Insurance Market Capacity Down 30% After Losses: Willis
Feb 6 2012 // In 2011, the mining insurance market was not only hit by $2.7 billion in natural catastrophe losses, but over 60 operational losses totaling $835 million. The $3.5 billion total estimate of losses facing mining insurers...
Flood Damage in 2011 May Make 2012 Worse Along Mississippi River
Feb 6 2012 // Damage from 2011’s record spring floods could leave many people along the Mississippi River in even more danger this year, the Army Corps of Engineers said. The Corps said it’s assessing the damage to levees,...
Damage from 2011 Floods Could Make 2012 Worse
Feb 6 2012 // Damage from last year’s record spring floods could leave many people along the Mississippi River in even more danger this year, the Army Corps of Engineers said. The Corp said it’s assessing the damage to...
Australia Evacuates Flooded Towns; Coal Mines Close
Feb 3 2012 // Heavy rains shut four coal mines in eastern Australia on Friday as military helicopters evacuated stranded residents from inundated towns, and authorities warned of further flash flooding. More than 11,000 people in...
Early Tally: January Storms Cause $38M Damage In Oregon
Feb 2 2012 // Preliminary assessments indicate the wind, rain and snow that hit Oregon in mid-January caused an estimated $38 million in damage to nine counties. The Oregonian reported that figure is expected to grow. Flooding was...
ABI Warns of Increased Flood Risks in England and Wales
Feb 1 2012 // The Association of British Insurers (ABI) has warned that the flood risk faced by communities in political constituencies across England and Wales presents a “worrying”‘ situation. It selected...
UPDATE: Insured Loss Estimates from Thailand Floods
Jan 30 2012 //
New Jersey Residents Say Flood Buyout Programs Fall Short
Jan 30 2012 // State and federal programs offer homeowners in North Jersey’s flood-ravaged areas a buyout. But the combination of red tape and limited funding is keeping many from that promise and a fresh start in a new and drier...
Flood Damage in 2011 May Make 2012 Worse Along Mississippi River
Jan 30 2012 // Damage from last year’s record spring floods could leave many people along the Mississippi River in even more danger this year, the Army Corps of Engineers said. The Corps said it’s assessing the damage to...
Red River Valley Flood Risk Keeps Receding
Jan 30 2012 // The risk of significant flooding in the Red River Valley is down from recent years and even lower than last month’s forecast due to the lack of snow, forecasters said on Jan. 26 — bolstering hopes the region may be...
Flood Damages 145 Vehicles in Oregon Motor Pool
Jan 26 2012 // The Oregon State Motor Pool says 145 vehicles were damaged when floodwaters inundated its parking lot Thursday in Salem. The Statesman Journal reports insurance adjusters are adding up the damage. The Department of...
HCC’s Cat Losses in Q4 Mostly Related to Thailand Flooding
Jan 25 2012 // HCC Insurance Holdings Inc., headquartered in Houston, has reported preliminary fourth quarter 2011 catastrophe losses, after reinsurance and reinstatement premium, of $10 million pretax ($6.5 million after-tax). These...
Irene Flooding Left Vermont Home on Unexpected Island
Jan 24 2012 // June Tierney and Kellie Burke never envisioned island living in the Vermont woods, but Tropical Storm Irene had other ideas. Their home, a two-story, natural-sided saltbox, was a rural idyll on a wooded 10-acre lot off a...
UPDATE: Insured Loss Estimates from Thailand Floods
Jan 23 2012 //
U.S. Nuclear Plants Need Better Safety Against Earthquakes, Floods: Panel
Jan 23 2012 // An expert task force convened by the Nuclear Regulatory Commission called Japan’s nuclear disaster “unacceptable” and concluded that nuclear power plants in the U.S. need better protections for rare,...
North Dakota Town Approves Flood-Related Home Buyout Program
Jan 23 2012 // The city council in Minot, N.D., has approved a plan that could result in the acquisition of more than 270 properties for future flood protection measures. The voluntary program calls for negotiations to begin with willing...
Private Insurers Can Complement National Flood Insurance
Jan 23 2012 // A new study says that there are some regions in the country where National Flood Insurance Program (NFIP) premiums are too high. The report, from the Wharton Risk Management and Decision Processes Center at the Wharton...
Endurance Thai Flood Losses $76.5 Million; Ups Nat Cat Loss Amounts
Jan 20 2012 // Bermuda-based Endurance Specialty Holdings Ltd announced that its initial loss estimate related to the floods that occurred in Thailand in the fourth quarter of 2011 is $76.5 million. The announcement said they...
List of Insured Loss Estimates from Thailand Floods
Jan 19 2012 // Last year’s flooding in Thailand is shaping up to be one of the worst natural disasters in human history, with insured losses alone estimated at more than $15 billion. Following is a list of expected losses reported...
Group Urges Obama to Address Flood Insurance in State of Union Address
Jan 19 2012 // A coalition of business and environmental groups is calling on President Obama to use his upcoming State of the Union address to urge Congress to reform the nation’s debt-ridden flood insurance program. The U.S....
