Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Heavy Rains in New Orleans Flood Recently Recovered Areas
Oct 24 2007 // Heavy rains that lashed New Orleans on Oct. 22 inundated areas that had only recently recovered from Hurricane Katrina and caused the Army Corps of Engineers to close a gate on a suburban canal where the waters threatened...
Rocky Mountain Insurance Information Association Offers Fire Safety Tips
Oct 24 2007 // The wildfires burning out of control in Southern California should sound an alarm for homeowners to prepare for disasters before they strike. Homeowners need to have an evacuation plan in place and make sure they have...
AIR Worldwide Releases New Typhoon Model for China
Oct 23 2007 // AIR Worldwide Corp. (AIR) released the AIR typhoon model for China. The new probabilistic model will help insurers, reinsurers, and brokers better manage the very high typhoon risk intrinsic to one of the world’s...
La. Whistleblower Lawsuit Against Insurers Tossed Out
Oct 19 2007 // A federal judge on Wednesday threw out a so-called “whistleblowers”‘ lawsuit that accuses insurance companies of overbilling the federal government for Hurricane Katrina’s flood damage to Louisiana...
Senate Flood Insurance Bill Keeps Current Limits, Omits Wind Coverage
Oct 17 2007 // The U.S. Senate Banking Committee has approved legislation to reform the National Flood Insurance Program. The Flood Insurance Reform and Modernization Act of 2007 will now move to the floor of the full Senate. The U.S....
Guy Carp Releases Impact Study on Australian Storm
Oct 12 2007 // Guy Carpenter & Company announced that its Instrat(R) unit has published a report on the impact of the powerful East Coast Low (ECL) pressure system that hit New South Wales in Australia between June 7-10, 2007. The...
Funds to Upgrade Pumping Station in La.’s St. James Parish Approved
Oct 12 2007 // The Louisiana Recovery Authority (LRA), the Governor’s Office of Homeland Security and Emergency Preparedness (GOHSEP) and the Federal Emergency Management Agency (FEMA) announced approval of Hazard Mitigation Grant...
Feds Propose Buying Thousands of Homes on Miss. Coast
Oct 12 2007 // The federal government is considering buying out as many as 17,000 homes along the Mississippi coast and remaking the land into a vast hurricane-protection zone, raising anxieties that it could destroy the waterfront lives...
FEMA: Too Little Flood Insurance Means $2.6M Less for New Orleans
Oct 11 2007 // The New Orleans Police Department, headquartered in trailers since Hurricane Katrina destroyed its buildings in August 2005, missed out on $2.6 million in federal rebuilding aid because it lacked adequate flood insurance,...
Calif. Governor Signs Flood Legislation, Rejects Bill on Child Booster Seats
Oct 11 2007 // California Gov. Arnold Schwarzenegger has signed legislation designed to strengthen flood protections in California and approved a bill that would ban smoking in vehicles carrying children. Meanwhile, he rejected a measure...
UK Insurers Assail Government Failure to Spend on Flood Defense
Oct 10 2007 // Stephen Haddrill, the Director General of the Association of British Insurers (ABI), reproached the UK Government for its failure to do more to protect the country from increased exposures to floods. Responding to the...
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Fla. high court affirms insurers need pay for covered perils only
Oct 8 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
Adding wind coverage to flood not the solution …
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Adding wind coverage to flood not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Declarations
Oct 8 2007 // Workable competition “We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public...
House-passed flood insurance bill provides optional windstorm coverage
Oct 8 2007 // The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy. The...
Workable competition
Oct 8 2007 // Declarations “We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public and the...
Adding wind coverage to flood not the solution …
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
