Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Sales of flood insurance up sharply
Feb 11 2007 // Sales of federal flood insurance rose sharply last year. From November 2005 to November of last year, the number of federal policies jumped more than 13 percent, far more than normal. Sales in coastal and other vulnerable...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 11 2007 // When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the...
News Currents
Feb 11 2007 // The Corps has been reluctant to close the channel, arguing that it still served navigational needs. Shippers have also lobbied the agency to keep it open. Judge refuses to dismiss Feds, Corps from La. flood suit Residents...
8 Feds, Corps not immune in La. flood suit
Feb 11 2007 // Judge refuses to dismiss case 10 Texas economy vulnerable to massive coastal storm Study shows how whole state could be affected N1 Forecast predicts slower premium growth in 2007 and 2008 Underwriting profits expected but...
Declarations
Feb 11 2007 // History of hostility “Am I going to be as hostile as the last guy? I’m going to fulfill my legal obligations to protect consumers.” — California Insurance Commissioner Steve Poizner, summing up an...
West has highest number of “unacceptable” levees
Feb 11 2007 // Hurricane Katrina and the New Orleans Flood was a wakeup call to the nation on the vulnerability of the nation’s levee systems. So after completing its notification of levee owners, the U.S. Army Corps of Engineers...
N.C. Halts Sales By Insurer Accused of Selling Unlicensed Flood Insurance
Feb 9 2007 // North Carolina Insurance Commissioner Jim Long announced that an emergency cease and desist order was served on Continental Casualty Insurance Group, a company his department believes has targeted property owners in...
Agents Welcome Windstorm Debate; Insurers Warn Against Subsidies
Feb 9 2007 // The Independent Insurance Agents & Brokers of America (the Big “I”) says the debate over windstorm coverage is crucial for consumers and independent agents and brokers in many regions throughout the...
Kent Wholesale Offers DIC Earthquake and Flood Coverage
Feb 9 2007 // Kent Wholesale Insurance Brokers headquartered in Portland, Ore., is providing DIC including earthquake and flood coverage on admitted paper for Oregon and Washington risks. The product is rated in-house, and indications...
La. Officials Urge Federal Role in Hurricane Insurance
Feb 8 2007 // Louisiana state senators say they will ask Congress to have the federal government insure homes against hurricane damage, as it does for floods. “Y’all won’t sell it, so why not get the federal government...
FEMA Tripling Calif. San Joaquin River Flood Plain
Feb 7 2007 // The federal government will triple the size of California’s San Joaquin River flood plain on maps, which could limit development and force more homeowners to buy flood insurance. The Federal Emergency Management...
25 Die as Indonesian Floods Worsen
Feb 6 2007 // Horse-drawn carts rescued residents from flood-stricken districts in the Indonesian capital on Monday after rain burst riverbanks throughout the city, killing at least 25 people and forcing some 340,000 people from their...
N. D. Grand Forks Area Dikes Nearly Complete, Engineers Say
Feb 6 2007 // The U.S. Army Corps of Engineers has certified the new dike systems in this city and northern East Grand Forks. The certification as “functionally complete” is the start of a process that will allow property...
9 Dead, 200,000 Homeless as Floods Inundate Jakarta
Feb 5 2007 // Flooding that has killed at least nine people and forced some 200,000 from their homes in the Indonesian capital showed no sign of abating Sunday, as overflowing rivers sent muddy water gushing into homes and shops across...
Levees in 27 States at Risk of Failing; Could Trigger Flood Insurance Mandate
Feb 5 2007 // The Army Corps of Engineers reported last week that 122 levees from Rhode Island to California are at risk of failing, potentially affecting thousands of people and requiring millions of dollars in repairs. Residents of...
Judge Refuses to Dismiss Feds, Corps From La. Flood Suit
Feb 5 2007 // Residents of the three areas flooded worst by Hurricane Katrina can sue the Army Corps of Engineers over claims that a poorly designed navigation channel caused catastrophic flooding during Hurricane Katrina, a federal...
USAA Defends Its Katrina Response Against Comments by Miss. AG Hood
Feb 1 2007 // In response to a recent pending settlement involving State Farm Insurance, certain victims of Hurricane Katrina and the State of Mississippi, USAA or United Services Automobile Association, came forward to define what it...
Victims of Calif. Flooding Seek $1 Billion in Lawsuits
Feb 1 2007 // Victims of last winter’s flooding in Marin County, Calif., are seeking more than $1 billion in a suit filed against government agencies they blame for the devastation. Each of the 265 individuals and businesses named...
RMS Finds Repeat of 1607 Floods Could Cost UK Insurers $25.5 Billion
Jan 30 2007 // Newark Calif.-based Risk Management Solutions has issued a study, which concludes that, a “repeat of the tide and wind-driven storm surge that caused the Bristol Channel floods of 1607 would result in the...
Agents, brokers ready to pursue ambitious legislative agenda in 2007
Jan 29 2007 // There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House...
