Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
After the Wreckage, Hurricane Katrina Spawns Lawsuits
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Hurricane Katrina: The Legal Saga Begins
Oct 3 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
Competition, Regulation and Katrina a Concern at PLUS D&O Symposium
Oct 3 2005 // Wrapping up the PLUS D&O West Symposium held Sept. 13-14 in San Francisco, senior management personnel from insurers, brokerage firms, corporations and law firms concluded that competition is shaping the current and...
FEMA Tightens Policy on Flood Safety
Oct 3 2005 // A new federal policy outlined a week before Hurricane Katrina struck could force residents in hundreds of communities nationwide to buy flood insurance and halt construction in some low-lying areas, including parts of...
How Did Catastrophe Models Weather Katrina?
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several...
Fitch: Katrina Causes Unprecedented Challenges, Risks for P/C Insurers
Oct 3 2005 // The circumstances surrounding Hurricane Katrina are unprecedented in many ways, reports Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
Melancon to Join Taylor on Retroactive Flood Insurance Bill
Sep 30 2005 // U.S. Rep. Charlie Melancon of Louisiana said he will co-sponsor Rep. Gene Taylor’s legislation allowing home and business owners without flood insurance when Hurricane Katrina struck to receive compensation...
Munich Re Analyzes Katrina/Rita Impact; Insured Loss Around $40 Billion
Sep 28 2005 // Munich Re has issued a report on the impact of Hurricanes Katrina and Rita on the insurance industry. The world’s largest reinsurer said it “estimates total insured market losses at up to US$ 40 billion,”...
Okla. Officials Say Flooded Cars Could Come to State
Sep 28 2005 // Oklahoma Attorney General Drew Edmondson and Insurance Commissioner Kim Holland this week warned of yet another potential impact from the hurricanes that recently hit the gulf coast. Flood-damaged cars could soon be making...
Flood Insurance Rises In Sacramento
Sep 27 2005 // Flood insurance purchases are picking up in California’s Central Valley. While Sacramento doesn’t face the threat of hurricanes, it is a community protected by a dam and miles of aging levees. Communities...
Database to Track Cars Damaged by Hurricane Katrina
Sep 26 2005 // A new, expanded database to track vehicles flooded by Hurricane Katrina has been set up to prevent them from turning up on used car lots around the country, the Associated Press and New Orleans Times-Picayune...
Hawaii To Receive New Flood Insurer
Sep 23 2005 // Hawaii’s insurance commissioner has approved another insurer to come into the Hawaii market offering flood insurance. The new insurer, internet-based Insurecat, will provide “coverage for something as obscure...
Allstate Challenges Mississippi Attorney General Hood’s Lawsuit
Sep 21 2005 // Allstate Corp. has issued a direct challenge to the lawsuit filed last week by Mississippi Attorney General Jim Hood in which it refutes the charges made by the attorney general. On Sept. 16, Hood sued Allstate Property...
Miss. Rep. Taylor Suggests Carriers Reclassify Katrina’s Damage, Make Flood Program Participation ‘Retroactive’
Sep 20 2005 // Two scenarios about how the federal government might help with insurance claims in the wake of Hurricane Katrina were suggested at a town hall meeting on Monday in D’Iberville, Miss. by U.S. Rep. Gene Taylor. If the...
FEMA Tightens Policy on Flood Safety
Sep 20 2005 // A new federal policy outlined a week before Hurricane Katrina struck could force residents in hundreds of communities nationwide to buy flood insurance and halt construction in some low-lying areas, including parts of...
Hurricane Rita, Packs 100 mph Winds, Passes Key West; Forecasters Predict Texas Track
Sep 20 2005 // Preliminary reports suggest only moderate damage occurred as Hurricane Rita threaded the needle between the Florida Keys and the northern coast of Cuba Tuesday afternoon flooding roads and beaches with seawater. As...
Some Marylanders Still Hurting from Isabel Two Years Later
Sep 20 2005 // While many repairs have been made from Tropical Storm Isabel two years ago, some Maryland residents have yet to fully recover. Although Isabel flooded communities all along the mid-Atlantic when it hit two years ago today,...
REP. SEEKS EMERGENCY AID LAW:
Sep 19 2005 // Rep. Peter J. Daley, D-Washington/Fayette, said he would introduce a bill that would provide flood insurance premium subsidies and other small disaster relief to homeowners, small businesses and municipalities to address...
Fitch: Katrina Causes Unprecedented Challenges/Risks for P/C Insurers
Sep 19 2005 // Circumstances surrounding Hurricane Katrina are unprecedented in many ways, said Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
Wind or Flood? Type of Damage Greatly Affects Insurance Payouts
Sep 19 2005 // In Slidell, La., Hurricane Katrina’s storm surge dumped the contents of two neighboring townhouses into Carol Hess’s backyard, crushed part of her garage and drove debris into her living room, but, her...
