Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Editor’s Note: Commercial property appeal
Jun 19 2006 // According to Fitch, increases are running between 25 percent and 400 percent for windstorm and flood insurance premiums since the June 1 start of this year’s hurricane season. Six hurricanes in 2005 caused $57.3...
A tale of two New Orleans hotels
Jun 19 2006 // If there’s anything to be learned from last year’s hurricanes Katrina, Rita and Wilma, it’s that the value of relationships before, during and after a claim is immeasurable, according to Mel Bangs,...
High-hazard tsunami states could lose precious funding, GAO finds
Jun 19 2006 // The Pacific coast states of Alaska, California, Hawaii, Oregon and Washington, as well as Puerto Rico and the U.S. Virgin Islands in the Caribbean Sea, face the greatest tsunami hazard, but West Coast states could see the...
Conn. Estimates June Flood Damages in Bid for Federal Funds
Jun 15 2006 // Connecticut Gov. M. Jodi Rell and Waterbury Mayor Michael J. Jarjura said that preliminary damage estimates of the June 2-3 flash flooding in the city totaled $4.4 million. Other towns in Greater Waterbury have estimated...
Insurance Limbo Delays Gulf Coast Rebuilding
Jun 13 2006 // The owners of the sagging, flood-stained home in New Orleans aren’t in. Above the front door, a banner explains their absence, and the lack of progress: “Allstate paid $10,113.34 on this house for storm...
Davis Makes Proposals to Fix Florida’s Property Insurance Problems
Jun 12 2006 // Windstorm insurance companies would have to cover water damage caused by hurricanes under a proposal Democratic gubernatorial candidate Jim Davis released June 9, part of a multi-pronged proposal to solve the problems...
Most R.I. Homeowners Go Without Flood Coverage
Jun 12 2006 // There were big gains this year in the number of Rhode Island homeowners with flood insurance, but the state still has one of the lowest rates in the country of participation in a federal flood insurance program, according...
Windstorm Insurance May Be Problem as Hurricane Season Begins
Jun 12 2006 // U.S. commercial real estate (CRE) values in coastal areas, and in particular smaller multifamily properties, may suffer as insurance companies reduce loss exposure to hurricane-prone areas by increasing premiums, raising...
FEMA Publishes New Flood Risk Maps for Texas Counties
Jun 9 2006 // The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) is presenting draft flood risk maps to communities in Travis and Burnet counties in Texas – areas that flood frequently. The...
State Settles Bias Lawsuit by Former Ill. Park Supervisor
Jun 8 2006 // A former Illinois Department of Natural Resources park supervisor who accused the agency of discrimination in denying him a promotion has settled the federal lawsuit for $65,000, a newspaper says a copy of the settlement...
Fireman’s Fund Announces Surface Water and Flood Coverage
Jun 8 2006 // With the risk of damage from surface water and flood becoming more prevalent in even low to moderate flood zones, Fireman’s Fund Insurance Co., Novato, Calif., has launched a surface water and flood endorsement to...
N.H. Governor Signs Measure Helping October Flood Victims
Jun 8 2006 // New Hampshire Gov. John Lynch has signed into law a bill that will help people who lost their homes, and in some cases the land where their homes sat, in the October flooding. “It’s been a long road for many of...
New England’s flood recovery
Jun 5 2006 // Residents, business owners and public officials in Massachusetts, New Hampshire and southern Maine faced the daunting task of cleaning up after the worst flooding since the 1930s. The floods came after nearly a week of...
Coverage issues at core of Hurricane Katrina-related litigation
Jun 5 2006 // The amount of property damage caused by Hurricane Katrina in Mississippi and Louisiana has been extensively reported, as has the fact that many people in those states did not have flood insurance coverage. As a result,...
Coverage issues at core of Hurricane Katrina-related litigation
Jun 5 2006 // The initial decisions from Hurricane Katrina lawsuits provide some comfort to both insurers and insureds and potential warnings to insurance agents. The amount of property damage caused by Hurricane Katrina in Mississippi...
Federal Flood Insurance Program is floundering, needs reform
Jun 5 2006 // Editor’s Note: The following excerpt is edited from a statement made by Sen. Richard Shelby, R-Ala., who chairs the U.S. Senate Committee of Banking, Housing and Urban Affairs. The committee is considering a Senate...
Texas Watch Launches Insurer Accountability Network
Jun 1 2006 // On May 31, the eve of the 2006 hurricane season, Texas Watch, a non-profit consumer advocacy organization active on insurance issues, announced the launch of its Hurricane Insurance Company Accountability Network (ICAN) in...
N.C. Commissioner Gives Hurricane Preparation Tips
May 31 2006 // Spring storm season is upon us and with hurricane season beginning June 1, Insurance Commissioner Jim Long urges North Carolinians to be prepared for any storms that may come toward his state. “No matter where in...
Texans Urged to Conduct Home Inventory at Start of Hurricane Season
May 31 2006 // Recognizing the June 1 start of hurricane season, the Texas Department of Insurance issued a reminder to homeowners and renters in Texas to conduct a home inventory of their personal possessions. “After a devastating...
Senate OKs Paulison as FEMA Chief as Senator Wins Flood Claims Appeal Vow
May 30 2006 // The U.S. Senate confirmed R. David Paulison as FEMA’s chief last Friday, hours after a senator ended his stall on the nomination over problems with the agency’s flood insurance program. Paulison’s...
