Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Flood Insurance: FEMA resources offer better ways to serve clients
Feb 12 2007 // As we are well aware, flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. What many fail to realize, however, is that flood risk is not...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 12 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...
Judge refuses to dismiss Feds, Corps from La. flood suit
Feb 12 2007 // Residents of the three areas in or near New Orleans that were flooded worst by Hurricane Katrina can sue the Army Corps of Engineers over claims that a poorly designed navigation channel caused catastrophic flooding during...
Sales of flood insurance up sharply
Feb 12 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...
Resetting State Farm’s Katrina punitive damages
Feb 12 2007 // At the trial of this cause of action, this Court submitted instructions to the jury for it to determine whether punitive damages should be awarded and, if so, in what amount. After deliberating, the jury returned a verdict...
Declarations
Feb 12 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 12 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...
Sales of flood insurance up sharply
Feb 11 2007 // Sales of federal flood insurance rose sharply across the country last year after homeowners witnessed the devastation wrought by Hurricane Katrina and realized that typical insurance policies didn’t cover many...
News Currents
Feb 11 2007 // Risky levees in 27 states could trigger flood insurance mandate The Army Corps of Engineers reported that 122 levees from Rhode Island to California are at risk of failing, potentially affecting thousands of people and...
Resetting State Farm’s Katrina punitive damages
Feb 11 2007 // At the trial of this cause of action, this Court submitted instructions to the jury for it to determine whether punitive damages should be awarded and, if so, in what amount. After deliberating, the jury returned a verdict...
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...
