Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
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...
Insurers Advise Texas Gulf Residents to Prep for Hurricanes as Season Unfolds
Jul 15 2005 // Residents along the Gulf Coast of Texas can learn a lot from the experiences of those people in Florida who were victims of multiple hurricanes last year, according Sandra Ray, public affairs director of Southwestern...
House Measure Excludes Mitigation Grants as Income Under Flood Program
Jul 13 2005 // The U.S. House of Representatives has passed a measure to exclude from consideration as income certain payments under the National Flood Insurance Program (NFIP). Introduced by Capital Markets, Insurance, and Government...
Big ‘I’ Says Reform Needed for National Flood Insurance Program
Jul 12 2005 // The Independent Insurance Agents & Brokers of America (the Big “I”) praised the House Subcommittee on Housing and Community Opportunity for holding a hearing on the future of the National Flood Insurance...
CII Warns EC Directive Could Hamper Flood Risk Management
Jul 5 2005 // The U.K.’s Chartered Insurance Institute (CII) notes that “legislation to implement the EC Water Framework Directive could seriously limit our ability to implement flood management schemes in future.” The...
ABI Study Finds “Extreme Weather” Could Raise Losses to $27 Billion
Jun 30 2005 // The Association of British Insurers (ABI) has released a ground-breaking report, “Financial Risks of Climate Change,” which shows that the worldwide costs of major storms is likely to increase by as much as...
Flash Floods Cause Heavy Damage in U.K.’s North Yorkshire Region
Jun 22 2005 // Flash floods that hit the North Yorkshire region of Britain on Sunday night have left a heavy toll in their wake. While no loss of life has been reported, many houses have been destroyed, a number of roads and bridges were...
Md. Lawsuit Charges Flood Insurance Conspiracy to Low-Ball Claims
Jun 20 2005 // More than 140 claimants are suing federal flood insurance officials and the program’s insurance industry partners claiming they conspired to low-ball their claims payments after their properties were hit by Tropical...
Court Ruling: Citizens Wind Policies to Pay for Flooding
Jun 20 2005 // Circuit Court Judge Kevin Davey ruled in a class-action lawsuit in Tallahassee, Fla., that Citizens Property Insurance Corp., Florida’s insurer of last resort, must pay the full amount of damage homes were insured...
AIA Critical of Florida Circuit Court’s Ruling
Jun 20 2005 // The American Insurance Association strongly disagrees with the Florida Circuit Court ruling confirming the Fourth Circuit Court of Appeals’ 2004 decision in Mierzwa v. Florida Windstorm Underwriting Association,...
Editor’s Note: A New Hurricane Season Begins
Jun 20 2005 // Tropical Storm Arlene sailed through the Gulf of Mexico, missing Texas and Louisiana, and causing minimal damage when it came ashore on June 12 in Gulf Shores, Ala. It dropped more than 5 inches of rain and had weakened to...
National Flood Insurance Program Recognizes Southern Family Insurance’s Contributions
Jun 14 2005 // Tampa, Fla.-based Southern Family Insurance Company, a member of Poe Financial Group, was recognized by the National Flood Insurance Program during its recent annual conference in Marco Island, Fla. Southern Family...
Tropical Storm Arlene Opens Season; Will Bring S.E. Rain, Coastal Flooding
Jun 9 2005 // Tropical Storm Arlene, the first named tropical storm of the 2005 hurricane season, is developing in the northwest Caribbean. Tropical storms have top sustained winds of 39 mph to 74 mph. NOAA forecasters predict the storm...
FEMA, Insurers, Adjusters Charged in Md. Lawsuit by Isabel Flood Victims
Jun 9 2005 // More than 140 victims of the 2003 tropical storm Isabel are suing Homeland Security Undersecretary Michael Brown, David Maurstad, who runs the National Flood Insurance Program, 17 insurance companies and others charging...
