Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market
Dec 23 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
N.C. Coastal Towns Fear Change Will Increase Flood Insurance Rates
Dec 17 2007 // Some coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council. The council toughened the coastal housing code for wind-borne debris. The code now...
Guy Carp Publishes UK Flood Report
Dec 14 2007 // Guy Carpenter & Company, LLC has published “Wrong Type of Rain: Impact and Implications of 2007 UK Floods,” an in-depth analysis on the extensive flooding that caused severe damage in north-eastern England...
Flood Control Agency Formed in California Counties
Dec 13 2007 // A new flood control agency for California’s Butte and Sutter counties will start considering levee rebuilding and repairs that could cost hundreds of millions of dollars. The Sutter-Butte Flood Control Agency will...
Federal Assistance Approved for Oregon, Washington Counties
Dec 12 2007 // In storm-ravaged parts of the Northwest, home and business owners are beginning to file insurance claims — a process that could be complicated by whether severe winds or floods did the damage. Insurers say...
Coastal Flood Peril Study: $3 Trillion Today – $35 Trillion by 2070
Dec 6 2007 // An exhaustive study of the threat posed by coastal flooding warns that “as many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40...
Flood & Peterson Insurance Hires Surety Bond Expert
Dec 5 2007 // Flood & Peterson Insurance of Greeley, Colo., has added Rusty Lear, a 21-year veteran of the surety bonding industry, to its staff. Lear, who has worked in Colorado for 15 years, previously worked for eight years as...
Rain, Winds Leave 2 Dead in Western Washington
Dec 5 2007 // Drenching rain and howling winds that downed trees, cut electricity and caused widespread flooding have left two people dead and closed Interstate 5, the main north-south highway in Western Washington. Gov. Chris Gregoire...
New Report Reveals Future Exposure to Coastal Flood in Key Cities
Dec 4 2007 // As many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40 million people today – as a result of climate change and urban...
Catastrophic Events Raise Business Interruption Coverage Questions
Dec 2 2007 // Considering the number of people who lived and worked in the area, the destruction of the World Trade Center complex was the functional equivalent of obliterating a small- to medium-sized city. Several recent and...
Hawaii County Looks to Stem Flood Hazards, Meets National Flood Insurance Program Deadline
Dec 2 2007 // Hawaii County has met a deadline to save Big Island residents’ federal flood insurance coverage, but at least one County Council member is not satisfied. The council voted unanimously to approve a bill that puts the...
Hurricances Spare U.S., Leaving Officials Worried About Public Apathy, Flood Policy Nonrenewals
Nov 29 2007 // Despite alarming predictions, the U.S. came through a second straight hurricane season virtually unscathed, raising fears among emergency planners that they will be fighting public apathy and overconfidence when they warn...
FEMA: Decreasing Temperatures, Increasing Flood Risks for Western Residents
Nov 28 2007 // Winter brings more than just cold temperatures. It also brings an increased flood risk and the Federal Emergency Management Agency (FEMA) is warning residents of Idaho to prepare now — well ahead of rising waters....
Hawaii County Looks to Stem Flood Hazards
Nov 26 2007 // Hawaii County has met a deadline to save Big Island residents’ federal flood insurance coverage, but at least one County Council member is not satisfied. The council voted unanimously this week to approve a bill that...
Mistakes Made in New Orleans Flood Maps
Nov 19 2007 // A system of flood gates and pumps built since Hurricane Katrina to help alleviate flooding in several New Orleans neighborhoods may not be as much help as authorities first said. The Army Corps of Engineers released flood...
Catastrophic Events Raise Business Interruption Questions
Nov 18 2007 // Agents advised to discuss extended coverage provisions and contingent business interruption insurance Several recent and relatively recent events — the wildfires in southern California, Hurricane Katrina in August 2005...
Catastrophic Events Raise BI Coverage Questions
Nov 18 2007 // Several recent and relatively recent events — the wildfires in southern California, Hurricane Katrina in August 2005 and the Sept. 11, 2001, terrorist attacks — have raised awareness of how, and whether, business...
Guy Carp’s New Czech Flood Model
Nov 16 2007 // Guy Carpenter & Company, LLC announced that its Instrat ® unit has introduced a new, fully probabilistic flood model for the Czech Republic. “The model provides insurers with a reliable, high-quality set of...
Kan. Legislative Proposal to Help Areas Hit by Flooding and Tornado
Nov 12 2007 // Two Kansas legislative leaders outlined a $17.5 million relief package Saturday, (Nov. 10) to help flood-stricken southeast Kansas and tornado-ravaged Greensburg, with money to encourage home building and tax breaks for...
Willis in Thames Flood Study
Nov 12 2007 // Risk experts from the Willis Research Network will work with The Engineering and Physical Sciences Research Council (EPSRC), the UK Government’s agency for research and training in engineering and the physical...
