Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Aon Benfield Monthly Cat Report: Thai, Europe Floods Costly for Insurers
Dec 7 2011 // Aon Benfield’s Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during November, concludes that insured losses in Thailand could top $10 billion, while floods in Europe will...
Swiss Re Estimates Thai Flood Claims at $600 million; Subject to Uncertainty
Dec 6 2011 // Swiss Re has estimated its claims costs from severe flooding in Thailand at $600 million, after intense rainfall caused hundreds of deaths and floods affecting approximately 1500 industrial facilities. “The estimate...
Utah Prepares for Spring Flooding
Dec 6 2011 // After coming out of this year’s spring flooding with damage limited mostly to Utah farmlands, state and county officials are beginning preparations for next year with a wary eye toward the state’s...
Sen. Schumer Says Flood Insurers Are Too Slow in Processing Claims
Dec 5 2011 // U.S. Senator Charles Schumer (D-N.Y.) is calling on flood insurance companies to speed up their processing of insurance claims from tropical storms Irene and Lee to ensure that FEMA aid reaches flood-damaged communities...
Senate Asked to Renew Flood Program Until Sept. 2012
Dec 5 2011 // U.S. Sen. David Vitter, R-La., has sent a letter to Senate Majority Leader Harry Reid urging him to allow a one-year extension of the National Flood Insurance Program to pass the Senate by unanimous consent. The NFIP is...
2011 Hurricane Season Spared Usual Targets While Flooding Northeast
Dec 5 2011 // The 2011 Atlantic hurricane season was a study in contradictions: It spared the usual Southern targets, while Irene paralyzed the Eastern seaboard and devastated parts of the Northeast with deadly flooding. The season...
Flood Insurance Rate Falls for Some in Louisiana
Dec 5 2011 // Some residents and business owners in the city of Lafayette, La., and unincorporated parts of the parish will soon be paying 10 percent less for flood insurance. The Federal Emergency Management Agency said the savings...
Flood Program Could Expire Dec. 16
Dec 5 2011 // Congress has approved yet another resolution to fund parts of the federal government including the nation’s flood insurance program on a short-term basis. This time the funding runs until Dec. 16. Had Congress not...
Insurers Bracing for Thai Flood Claims at More Than $10B
Dec 5 2011 // Insurers are bracing themselves for claims in excess of $10 billion after floods in Thailand disabled major foreign-owned manufacturing operations there, adding to an already record-breaking natural catastrophe bill this...
Study Recommends Houston Ship Channel Floodgate
Dec 5 2011 // A study on protecting Southeast Texas from disastrous storms like Hurricane Ike recommends building a floodgate across the Houston Ship Channel. Details were announced by Rice University, which led a team of researchers...
James River Still Above Flood Stage in Parts of South Dakota
Nov 30 2011 // South Dakota officials say some stretches of the James River remain well above flood stage heading into the winter freeze, setting the stage for more flooding next spring. The James, which has been out of its banks for...
Feds Say Farmers in Upstate New York Can Get Flood Loans
Nov 29 2011 // Federal authorities say farmers in eight upstate New York counties are primary natural disaster areas eligible for assistance recovering from tropical storm Lee. The U.S. Department of Agriculture also said 16 counties...
Thai Flood May Hit Asia Harder Than Japan Disaster: Official
Nov 29 2011 // The impact from Thailand floods on Asia’s production networks may last longer and be deeper than that from Japan’s March earthquake, tsunami and nuclear crisis, a senior Asian Development Bank official said on...
Some New Jersey Towns Taking Steps to Reduce Flooding
Nov 28 2011 // Several northern New Jersey towns hit hard by recent flooding are taking steps to make sure it doesn’t happen again. New Jersey’s Department of Environmental Protection has awarded $350,000 to four communities...
Best Briefing Concludes Majority of Thai Flood Losses from BI Claims
Nov 28 2011 // A.M. Best Co. reports that the vast majority of insurance losses stemming from the massive flooding in Thailand will come predominately from the impact to manufacturing and supply chains, as discussed in the recently...
5 Mississippi Home Buyouts Could Happen in New Year
Nov 28 2011 // Five property owners whose homes were inundated by the spring flood could have their homes bought out by the city of Vicksburg next year. The Board of Mayor and Aldermen has authorized Mayor Paul Winfield to apply for a...
Insurers Bracing for Thai Flood Claims over $10 Billion
Nov 21 2011 // Insurers are bracing themselves for claims in excess of $10 billion after floods in Thailand disabled major foreign-owned manufacturing operations there, adding to an already record-breaking natural catastrophe bill this...
New Jersey Had Most Flood Vehicle-Related Claims in Wake of Irene
Nov 21 2011 // New Jersey generated the most flood vehicle-related claims in wake of Hurricane Irene, according to National Insurance Crime Bureau. Claims processed by the group’s member companies show the Garden State had 4,121...
Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade
Nov 18 2011 // Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz...
Flood Insurance Program Extended Until Dec. 16
Nov 17 2011 // Congress has approved yet another resolution to fund parts of the federal government including the nation’s flood insurance program on a short-term basis. This time the funding runs until Dec. 16. The Senate passed...
