Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Nebraska to Get $109M in Federal Flood Relief Funds
Feb 3 2020 // The U.S. Department of Housing and Urban Development has allocated nearly $109 million in federal funds in the aftermath of last year’s devastating historic floods, a news release from the agency said. The Community...
FEMA Grants $131M to Flooded Schools in West Virginia
Feb 3 2020 // Gov. Jim Justice’s office announced on Friday that West Virginia will receive more than $131 million (118 million euros) to replace schools in Nicholas County that were destroyed by flooding in 2016. The money comes...
North Dakota Officials Promoting Flood Insurance in Red River Valley
Jan 29 2020 // Officials in North Dakota say it’s time for property owners in flood-prone areas of the Red River Valley to think about buying flood insurance. The push comes as early signs suggest a heightened risk of flooding this...
Iowa Town to Buy more Homes in Flood Plain
Jan 28 2020 // The city of Bettendorf, Iowa, has been awarded a $2.2 million federal grant that, coupled with state and city contributions, will make $2.95 million available to buy out up to 22 homeowners in the flood plain along Duck...
SLTX: Surplus Lines Flood Insurance Premium Up in Texas over 5 Years
Jan 24 2020 // Surplus lines flood insurance premium filed with the Surplus Lines Stamping Office of Texas (SLTX) has increased annually over the past five years, according to SLTX. Additionally, while NFIP premium dipped in 2017, it...
Reports: Florida Real Estate Could Lose $80B in Value from Sea Rise
Jan 23 2020 // Flooding due to climate change-related sea level rising, the erosion of natural barriers and long-periods of rain pose substantial economic risks to Florida, particularly to the value of South Florida real estate,...
Natural Disasters in Past Decade Broke Records for Economic, Insured Losses: Aon
Jan 22 2020 // The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was...
Japan Firms Have Done Little to Build Resilience Against Increasing Floods: Reuters Poll
Jan 17 2020 // Japanese companies have contingency plans for the floods that increasingly drench this island nation, but most have done little to fortify facilities, relying instead on insurance and securing alternative supply sources, a...
2019 Floods Brought Financial Woes to South Dakota Townships
Jan 17 2020 // Townships in South Dakota are facing economic difficulties as 2019 flood repair costs mount. Townships primarily depend on their taxpayers for funds to repair more than 31,000 miles (50,000 kilometers) of roads while they...
U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report
Jan 16 2020 // Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had to contend with changes...
West Virginia to Receive $866K Grant for Flood Recovery
Jan 15 2020 // The U.S. Labor Department awarded $866,675 for flood recovery in West Virginia, the state’s U.S. senators announced. The funding is through the Disaster Recovery National Dislocated Worker Grant Program. Flooding in...
Nonprofit Opening Flood Risk Model to Researchers and Public
Jan 14 2020 // A nonprofit flood risk research organization is offering the first publicly available flood risk model that predicts the probability of flooding for homes and properties across the United States. Brooklyn, N.Y.-based First...
Oklahoma Bill Would Create Entity Focused on Natural Disaster, Hazard Mitigation
Jan 13 2020 // Legislation filed in Oklahoma would establish an organizational framework for addressing mitigation of natural disasters in that state. House Bill 2776, The Oklahoma Hazard Mitigation Assessment District Act, provides the...
11 Dead After Storms Sweep Southern U.S., Midwest
Jan 13 2020 // Severe storms sweeping across southern portions of the U.S. and up into the Midwest were blamed Saturday in the deaths of at least 11 people, including two first responders, as high winds, tornadoes and unrelenting rain...
New York Governor Lays out Aggressive Climate Change Plan
Jan 9 2020 // New York Gov. Andrew Cuomo is proposing an aggressive climate change-fighting campaign for his state that includes a $3-billion bond act that would be put on the ballot this November. Cuomo, who says that money would go to...
U.S. Had 14 Weather Disasters of $1 Billion or More in 2019
Jan 9 2020 // The U.S. had 14 weather disasters costing $1 billion or more last year, with Midwest flooding accounting for almost half of the total, according to the National Oceanic and Atmospheric Administration. Flooding from the...
Insurance Industry Calls for Action to Mitigate Climate Risk as Australia Bushfires Widen
Jan 8 2020 // As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change. Months of out-of-control fires have burnt an area more than five...
FEMA Renews $1.3 Billion Reinsurance for Flood Program with 27 Carriers
Jan 6 2020 // The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion...
Better Flood Protection Needed in Missouri, Governor’s Advisory Group Says
Jan 3 2020 // Missouri’s levees need to be strengthened and repaired, especially in rural areas hit hard by prolonged flooding in 2019, according to an advisory group appointed by Gov. Mike Parson. St. Louis Public Radio reported...
Indonesia Flooding Forces Evacuation of More Than 400,000 People with 42 Deaths
Jan 3 2020 // At least 42 people have died from the New Year’s Day flooding in Indonesia, and hundreds of thousands were evacuated, as the greater Jakarta area suffered the most intense rain in 24 years. More than 400,000 people,...
