Latest Flood Headlines

News Briefs

Sep 5 2005 // MASSACHUSETTS Fed Probe Firing of MassMutual CEO: Federal prosecutors are investigating the conduct that led to the firing of former MassMutual Insurance Comany chief executive Robert J. O’Connell, the company...

Insurers Post Special Toll-Free Numbers to Help Katrina Victims

Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina-which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29-would be in the $10 billion to $30 billion...

Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...

FLOOD PROTECTION RULES HIT:

Sep 5 2005 // Despite three major Delaware River floods in the past 13 months, the Department of Environmental Protection is reneging on promises to revise rules that would make it tougher for developers to build in flood-prone areas,...

International Newsbriefs

Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...

UPDATE: Official Katrina Death Toll in Louisiana Nears 60; Many Homes Still to be Searched

Sep 3 2005 // In what has and will in the weeks to come be only described as a grisly job, search and rescue teams announced Sunday that 59 deaths in Louisiana have been confirmed as a result of Hurricane Katrina, which hit the Bayou...

Converium Issues Statement on Katrina, Central Europe Flooding

Sep 2 2005 // Swiss reinsurer Converium has issued the following statement concerning expected losses from Hurricane Katrina and from the floods that ravaged Switzerland, Austria and other European countries in August. “Based on...

RMS Totals Economic Loss for Katrina at $100 Billion+

Sep 2 2005 // Risk Management Solutions announced that the economic loss from Hurricane Katrina and subsequent flooding in New Orleans is expected to exceed $100 billion. Losses are resulting from two separate catastrophic events:...

Best: Most Insurers Will Meet Hurricane Katrina’s Financial Commitments

Sep 1 2005 // In response to Hurricane Katrina, A.M. Best Co. has begun to aggregate public and private information in order to assess the financial impact it will have on the global property/casualty insurance and reinsurance...

Ohio DOI Offers Severe Weather Tips

Aug 30 2005 // With the possibility that severe weather associated with Hurricane Katrina will cause heavy rains and potential flooding, Ohio Department of Insurance Director Ann Womer Benjamin is urging Ohioans to plan for emergency...

Insurers Post Special Toll-Free Numbers to Help Katrina Victims as Storm Moves North

Aug 29 2005 // Policyholders with questions regarding their coverage for damage caused by Hurricane Katrina should contact their insurance agent or company representative. To assist consumers, special toll-free numbers have been set up...

Katrina Now a Tropical Storm; High Winds, Flooding, Possible Tornadoes Still a Threat

Aug 29 2005 // The National Hurricane Center has downgraded Katrina to a tropical storm in the last few hours and issued warnings from Lake Ponchartrain and the mouth of the Pearl River, eastward to the Alabama/Florida border. All other...

Fla. AG Cautions Katrina Flood Victims, Be Careful In Choosing a Contractor

Aug 26 2005 // Attorney General Charlie Crist has advised Floridians affected by Hurricane Katrina to use extra caution when hiring workers to help clean up the damage caused by the storm. In particular, the Attorney General warned those...

FAIA to Study ‘Another Avenue’ to Cover Florida’s Windstorm Risk

Aug 24 2005 // The Florida Association of Insurance Agents has announced it will study “another avenue” for covering hurricane wind damage in Florida and would like to establish its own “vehicle” to insure...

N.C. Farmers Receiving Assistance for Last Year’s Flood Damage Claims

Aug 23 2005 // North Carolina farmers who suffered flooding losses from last year’s hurricanes will soon receive disaster-assistance grants from the North Carolina Department of Agriculture and Consumer Services. The checks issued...

Ivan Costliest U.S. Hurricane in 2004

Aug 19 2005 // Flooding from Hurricane Ivan’s rain and storm surges prompted more than a billion dollars in claims, making it the costliest hurricane of 2004, U.S. officials said. Ivan’s damage also made it the third most...

Zurich Appoints Flood as North American Crime Product Manager

Aug 9 2005 // Zurich, one of the nation’s largest property/casualty insurance companies, announced that Daniel Flood has joined its North American operations as crime product manager. In this role, Flood will have oversight for...

Del. Restricts Homeowners Renewals, Requires ‘Gap’ Disclosure

Aug 7 2005 // Delaware Insurance Commissioner Matthew Denn wants to restrict insurers from canceling homeowners’ insurance policies because they have made a few claims and require insurers to more fully disclose to insureds...

TDI Urges Coastal Residents to Review Insurance Coverages

Jul 22 2005 // During this already active hurricane season, officials at the Texas Department of Insurance are reminding all Gulf Coast home and business owners that is important to periodically review your insurance policies to ensure...

Insurance Community Concerns Mount Over Climate Change Debate

Jul 18 2005 // To paraphrase an old adage: “Nothing concentrates the overall mind of the property/casualty insurance community as much as the approaching certainty of large loss events.” So, it’s no wonder that many...