Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Agents say ‘no’ or nothing to adding wind coverage in flood program
Aug 6 2007 // Some independent insurance agents are taking a “neutral” position when it comes to adding in wind coverage in the National Flood Insurance Program (NFIP). Still others say “no” to wind...
Agents Errors & Omissions
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season. Agents who do will come across several admitted carriers that are welcoming new business...
Editor’s Note: Agents in the wind
Aug 6 2007 // As is so often the case, insurance agents are caught in the middle. This time it’s in the debate over whether to add wind coverage to the federal flood insurance program. Mississippi Congressman Taylor has inserted...
Agents in E&O Buyer’s Seat
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season. Agents who do will come across several admitted carriers that are welcoming new business...
News Currents
Aug 6 2007 // Agents say ‘no’ or nothing to adding wind coverage in flood program Some independent insurance agents are taking a “neutral” position when it comes to adding in wind coverage in National Flood...
News Currents
Aug 6 2007 // House panel votes to add wind to flood program Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services...
Flood & Peterson Distributes $2.9 Million in Workers’ Comp Dividends
Aug 3 2007 // Flood & Peterson Insurance of Greeley, Colo., has distributed $2.9 million in workers’ compensation dividend checks to 1,600 Colorado clients as a reward for maintaining safe workplaces and because of the...
Fifth Circuit Court Rules in Insurers’ Favor in Katrina Levee Breach Case
Aug 3 2007 // A highly anticipated federal appeals court ruling in a Hurricane Katrina class-action case has insurers breathing a little easier. The Fifth Circuit Court of Appeals in New Orleans ruled Aug. 2, 2007, in In re Katrina...
Zurich Estimates UK June Flood Losses at $400 million
Aug 2 2007 // Zurich Financial Services Group announced that, according to its current “best estimate,” it expects that aggregate claims payments related to storms and floods that occurred in the UK during June 2007 will not...
Marina Operators: Lake Texoma Flood Damage Tops $2 Million
Aug 2 2007 // Flood damage at Lake Texoma marinas is expected to exceed $2 million, marina operators say. Heavy rains last month swelled the lake on the Oklahoma-Texas border to more than 22 feet above its normal level. The lake was at...
FEMA: La. Sees Drop in New Flood Policies
Jul 31 2007 // A large number of people who bought flood insurance after the devastating 2005 hurricane season have not renewed their policies, according to Federal Emergency Management Agency figures. About 100,000 new flood insurance...
Okla. Leads Nation in Disaster Declarations
Jul 30 2007 // A combination of ice storms, flooding rains and tornadoes have left Oklahoma atop a dubious list. So far this year, the state has most federal disaster declarations in the country. Oklahoma has received two declarations...
RMS: U.K. Summer Floods Could Cost Insurers £2.25 Billion
Jul 30 2007 // The June and July floods that gripped parts of the U.K. could cost insurers between £2.25 billion and £3.25 billion in total, according to latest estimates by Risk Management Solutions (RMS). Insured losses from the July...
Insurers Balk as House Panel Votes to Add Wind Coverage to Flood Program
Jul 27 2007 // Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services Committee voted yesterday to add wind coverage...
RMS: Current UK Floods not as Costly as Those in 1947
Jul 24 2007 // Despite the widespread devastation caused by this summer’s UK floods, the damage is not yet as costly as the March 1947 floods, which would have resulted in insured losses of £4.5 to £6 billion if it reoccurred...
Some Miss. Coast Homeowners Won’t Have to Repay Grant
Jul 24 2007 // Policyholders who settled Hurricane Katrina lawsuits confidentially with insurance companies can keep those payments, along with federal grants for structural damage other homeowners were ineligible to receive or must...
Of wind and floods
Jul 23 2007 // Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to...
Guy Carpenter Readies Revised London Flood Model
Jul 23 2007 // Guy Carpenter Developing New London Flood Model for Insurers Model Will Provide the Most Accurate Solution Available To Insurers for London Flooding Global insurance and risk specialist Guy Carpenter & Co., LLC,...
Of wind and floods
Jul 23 2007 // Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to...
News Currents
Jul 23 2007 // N.C. braces for flood insurance rate surge under new building code Thousands of coastal North Carolina residents could see insurance rates surge this fall as state regulators weigh higher insurance costs against the rising...
