Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Declarations
Mar 7 2011 // Higher Exposures, Limits “Clearly, companies are reacting to the fact that D&O liability exposures facing directors and officers are arguably at an all-time high. Insurance buyers continue to be threatened by an...
Declarations
Mar 7 2011 // Presumably Watson “I could actually envision an agent or an executive literally referring to the system in the presence of the consumer or the trainee, saying, ‘Hey, I don’t know this. I’m not...
Insurance Council of Australia Supports National Disaster Insurance Review
Mar 7 2011 // In a recent bulletin the Insurance Council of Australia (ICA) said it “has welcomed the National Disaster Insurance Review announced by the Federal Government.” ICA CEO Rob Whelan said the National Disaster...
Midwest Prepares for Massive Spring Flooding
Mar 7 2011 // One of the snowiest winters on record for the Midwest and northern U.S. Plains have crop watchers worried about a repeat of the massive flooding that hit one of the world’s top grain producing regions in...
Republicans to Re-launch U.S. Flood Insurance Overhaul
Mar 4 2011 // Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel Thursday. Representative Judy Biggert told...
‘Worsening Weather, Better Forecasting’ Could Prompt Force Majeure Changes
Feb 25 2011 // Worsening weather and better forecasting methods could push the mining sector to change force majeure provisions in supply contracts and sharpen how blame is allotted when storms or floods disrupt regular business. Climate...
Insurance Industry Challenged by Unexpected Weather
Feb 21 2011 // It’s a tough time to be in the $500 billion U.S. property insurance business. Storms are happening in places they never happened before, at intensities they have never reached before and at times of year when they...
Declarations
Feb 21 2011 // Significant Flooding Likely “It appears likely we’ll get moderate to major levels of flooding on the Mississippi.” — Mark Fuchs, a hydrologist for the National Weather Service, said towns along the...
Major Flooding Expected in North Central U.S.
Feb 18 2011 // A large swath of the country is at risk of moderate to major flooding this spring, from northeastern Montana through western Wisconsin following the Mississippi River south to St. Louis, National Weather Service flood...
Cedar Rapids Seeks $200 Million in State Flood Aid
Feb 17 2011 // Cedar Rapids, Iowa, is seeking $200 million in long-term state financial aid to help pay the costs of a $375 million flood-control project to protect the city from another disaster similar to the floods of 2008. The Des...
Nashville Launches Flood Preparedness Program
Feb 16 2011 // Nashville Mayor Karl Dean says the city has assembled a team to develop a unified flood preparedness program to lessen the damages that could be caused by future flood events in Nashville and Davidson County. The process...
Spring Flooding Could Swell North Dakota Lake by 50 Square Miles
Feb 11 2011 // The cost of flood control in North Dakota’s Devils Lake region has surpassed $1 billion, but the worst could be yet to come this spring if forecast predictions of rises in the lake’s level prove accurate,...
SPECIAL REPORT: Extreme Weather Batters Insurance Industry
Feb 9 2011 // In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm. To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough...
Wild Weather Could Push Miners to Heed Insurers’ Warnings; Reassess Risks
Feb 8 2011 // A surge in weather-related disasters in Australia could push global mining firms to overhaul supply contracts and rethink how bad weather will affect their operations and customers worldwide. Climate scientists say a...
Declarations
Feb 7 2011 // Flood Warning “We can’t stop the rain, but we can and must do a better job at warning people of the potential for dangerous flooding. A few hours of warning could have saved lives and prevented millions of...
AIR Estimates Yasi Insured Losses between $356 Million and $1.5 Billion
Feb 4 2011 // Catastrophe modeling firm AIR Worldwide has issued early estimates indicating that insured losses to properties and business income from the Category 5 (Australia Bureau of Meteorology intensity scale) cyclone Yasi that...
Aon Benfield Monthly Cat Report Highlights Australian Floods, Brazil Landslides
Feb 4 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during...
Reno Facing Decision on Creation of Flood Agency
Feb 3 2011 // Fourteen years after being hit by flooding, Reno, Nev., elected officials appear split on a plan to create a multi-jurisdictional flood control management authority. The Reno Gazette-Journal reported that while Washoe...
Flood-ravaged Queensland Braces for Tropical Cyclone Yasi
Feb 1 2011 // Just as TC Anthony dissipated over Queensland the flood ravaged State received a warning that another tropical cyclone is heading its way. According to catastrophe modeling firm AIR Worldwide, Cyclone Yasi was “about...
