Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Insurers Must Underwrite Smarter, Not Succumb to D&O Market Pressures
Mar 7 2005 // Insurers must not be lulled into thinking that the Directors and Officers liability market has recovered because the quantity of cases remain high and the complexities of litigation are overwhelming. As a result, carriers...
Ripped from the Headlines: Law & Order in Today’s D&O
Mar 7 2005 // News from Worldcom, Enron and Spitzer invades PLUS Symposium Settlements that reach beyond insurance and into the pockets of firms’ former directors draw attention to the limits of insurance, according to...
FEMA Encourages States to Implement Flood Training Program for Agents
Mar 4 2005 // States will soon require minimum training, education and knowledge requirements for insurance agents who write flood insurance, Ed Pasterick, an industry relations spokesman for the Federal Emergency Management Agency told...
Rep. Hart of Pa. Joins Critics of Flood Insurance Plan
Mar 1 2005 // A Pennsylvania congresswoman wants more oversight of the federal flood insurance program, saying local victims were shortchanged last year. Rep. Melissa Hart, R-Pa., has joined representatives from Maryland, Virginia,...
Citizens Lost First Round; Stalling Payments Until After Another Court Decision
Feb 21 2005 // Citizens Property Insurance Co. is in the limelight again, this time because it is refusing to pay property losses, even after losing a South Florida appeals court decision. Hurricane Irene brought both wind and water when...
FEMA Funds Jefferson County (Texas) Flood Project
Feb 8 2005 // The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced it has obligated $1.35 million to the state of Texas to fund flood protection measures in Jefferson County. The project...
Utah Flooding Causes More than $150 Million in Damages
Feb 7 2005 // Southwestern Utah has not been declared a federal disaster area despite more than $150 million in damages caused by flooding in mid-January. St. George and the surrounding areas in Washington County were the hardest hit...
RiskMeter Online Now Offering Manual Flood Determinations, Certifications
Feb 3 2005 // CDS Business Mapping LLC, a provider in online hazard mapping, is now offering manual flood determinations and flood certifications. As a result of these new services, users will be able to get flood determinations for...
Pilgrim to Write Flood Insurance as Part of WYO Program in Mass., N.H. and Conn.
Feb 1 2005 // Pilgrim Insurance, a unit of The Plymouth Rock Group of Companies, in Boston, has been accepted by the Federal Insurance and Mitigation Administration to participate in the Write Your Own Flood Program (WYO). This program...
Federal Flood Aid to Pa. Reached $140M
Jan 25 2005 // Pennsylvania residents, businesses and municipalities received about $140 million in federal aid to help them recover from flood damage caused by remnants of Hurricanes Frances and Ivan last year. Of that, the Federal...
Ariz. County Supervisors Approve Flood Control Project
Jan 21 2005 // Arizona’s Pima County supervisors approved the construction of five detention basins to control flooding in downtown and central Tucson. Construction bids for the $17.5 million project will go out in late spring,...
Safety Should be Primary Concern in Wake of California Storms, Says ACIC
Jan 13 2005 // In the aftermath of the Southern California storms, flooding and mudslides that have already claimed at least 10 lives, insurers are urging residents to exercise caution in cleanup now that the storms are...
14 Dead as Storms, Floods Hit Northern Europe
Jan 10 2005 // A severe winter storm, packing winds up to 150 km/hr (94 mph) and heavy rains has paralyzed much of Northern Europe, caused at least 14 deaths, knocked out power over wide areas and severely interrupted sea, air and land...
Flood Coverage
Jan 3 2005 // Nuts & Bolts: The private client group of American International Group has a product that adds flood coverage to certain homeowners’ policies. This move is aimed at properties located in low- to moderate-risk...
Californians Deal with Winter Storms, Potential Floods
Dec 30 2004 // Californians this week are once again dealing with the effects of a fierce rainy season. No California county is immune from the risk of flooding. In the past 10 years alone, there have been three large-scale, widespread,...
Flood Insurance
Dec 20 2004 // Nuts & Bolts: The private client group of American International Group has a product that adds flood coverage to certain homeowners’ policies. This move is aimed at properties located in low- to moderate-risk...
From Maine to Virginia … What Happened in 2004
Dec 20 2004 // Leaving aside the insurance brokerage compensation investigations, the World Trade Center trial, the St. Paul-Travelers merger and the UnumProvident settlement, all of which have their roots in this region but grew to...
Flood Damage at Univ. of Hawaii’s Manoa Campus
Dec 7 2004 // U.S. Sen. Daniel Inouye toured the University of Hawaii-Manoa campus recently, and came away saying flood damage would top $50 million. The veteran Democrat visited the campus in preparation for asking for federal...
Va. Officials Join Critics of Flood Program
Dec 6 2004 // Two Virginia members of Congress are asking U.S. officials to take a closer look at possible mishandling of flood claims by the Federal Emergency Management Agency. Rep. Jo Ann Davis, R-1st, and Sen. George Allen, also a...
W. Va. Gov. Reports Flood Funding
Nov 26 2004 // West Virginia Gov. Bob Wise recently announced that the Disaster Recovery Board approved more than $3.8 million to assist West Virginians who have experienced repetitive flooding. “The money distributed through the...
