Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Insurtechs Neptune, Hippo Unite Home, Flood Insurance Online for Speedy Purchasing
Feb 21 2019 // Flood insurance company Neptune Flood has partnered with online Hippo Insurance to provide consumers with quick access to flood insurance as part of purchasing of home insurance. Hippo promises quick processing and...
Louisiana Flood Victims Still Waiting for Federal Recovery Grants
Feb 20 2019 // The month-long partial federal government shutdown likely further delayed aid grants to homeowners still trying to recover from the 2016 flooding, Louisiana’s top disaster recovery official said. As many as 6,000...
JBA Broadens Access to Sri Lanka Flood Model to Help Bridge Protection Gap
Feb 19 2019 // JBA Risk Management has released its Sri Lanka Flood Model onto Simplitium’s ModEx platform. The initiative is specifically aimed at broadening accessibility to the Sri Lanka model for both the insurance and wider...
Mudslides Carry Away Homes, Water Rescues Needed in California Storm
Feb 15 2019 // Motorists swam for their lives and residents were rescued from homes sliding downhill as the wettest winter storm of the year triggered floods and mudslides across California on Thursday. In Sausalito, just across the...
Mississippi Sues Federal Government Over River Flooding
Feb 14 2019 // The state of Mississippi on Monday sued the federal government, claiming a dam complex in Louisiana that keeps the Mississippi River from changing course is harming state land. The suit seeks at least $25 million in...
Virginia Honors Independent Agents for Efforts to Fill Flood Insurance Gaps
Feb 12 2019 // The Virginia House of Delegates passed a joint resolution that would designate the first full week in March each year as Trusted Choice Independent Insurance Agents Week beginning in 2019. HJ 703, introduced by Del. Buddy...
January’s U.S. Storms, Australia Floods Bring Economic Damages Near $2B: Aon
Feb 11 2019 // Multiple winter storms and extreme cold led to 45 deaths and cost the U.S. economy $1 billion during January, according to Aon’s Global Catastrophe Recap – January 2019. The report listed the winter storm events in...
Tennessee Flooding Breaks February Record, Kills 1
Feb 11 2019 // One person was killed and others needed to be rescued in Tennessee as pounding rains caused flooding last week. The Cheatham County Sheriff’s Office posted on Facebook on Feb. 6 that one person was swept away and...
The United States Saw 11 Natural Disaster Events That Exceeded $1 Billion in Damage During 2018
Feb 6 2019 // This post is part of a series sponsored by CoreLogic. When it comes to natural disasters, 2018 was an eventful year worldwide. Typhoons devastated the Philippines, Hong Kong, Japan and Oman. Earthquakes caused mass...
Insurance Council of Australia Declares Catastrophe for Queensland Floods
Feb 4 2019 // The Insurance Council of Australia (ICA) declared a catastrophe for insurance policyholders who have been affected by torrential rain and flooding in the northeastern Australian state of Queensland. “The Queensland...
Australia Sweltered in January Through Hottest Month on Record
Feb 4 2019 // Australia sweltered through its hottest month on record in January and the summer of extremes continued with wildfires razing the drought-parched south and flooding in expanses of the tropical north. Australia’s...
Reaching the Moonshot Goal in Flood Insurance Coverage
Feb 4 2019 // The private flood insurance industry made significant strides to insure more households against the peril of flood in 2018. Factor in recent major flood events and an ever-changing regulatory landscape, and the role of...
Declarations
Feb 4 2019 // Nevada Seatbelts “Whether folks want to or not, it’s currently a secondary law in Nevada.” — Nevada Department of Public Safety spokesman Andrew Bennett believes seatbelts should be a primary law in...
FEMA Renews $1.3 Billion Reinsurance Program with 28 Carriers
Jan 31 2019 // The Federal Emergency Management Agency (FEMA) has renewed for the third year a reinsurance program that transfers future catastrophic flood insurance losses to the private sector The 2019 traditional reinsurance placement...
Southeast Officials Focus on Curbing Fraud, Rising Auto Rates, Flood Insurance, Distracted Driving
Jan 29 2019 // For the seventh year in a row, the Florida insurance industry, regulators, and consumer advocates will push for reforms to the state’s assignment of benefits issue that has now become an insurance crisis, according...
Texas State Senator Files Harvey-Inspired Disaster Relief Bills
Jan 25 2019 // Texas state Sen. Kelly Hancock (R-North Richland Hills) has filed a legislative package addressing two significant concerns raised in the wake of Hurricane Harvey. Senate Bill 442 would require all homeowner’s...
Texas Senator Proposes Statewide Flood Control Plan
Jan 25 2019 // Before the next Hurricane Harvey strikes, and thousands of homes are damaged or destroyed, some Texas lawmakers want to make sure communities statewide are better prepared for future floods. On Jan. 22, state Sen. Charles...
Insurers Advised Political Volatility, Economic Slowdown, Floods Among Top Risks
Jan 24 2019 // As insurers track both old and new risks heading into 2019, here’s one that carriers don’t typically consider: The White House. David Wessel, director of The Hutchins Center on Fiscal and Monetary Policy, cited...
Hurricane Florence Demonstrates Perils of Being Underinsured/Uninsured, Says RMS
Jan 24 2019 // Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. “The insured loss for...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
Jan 24 2019 // The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market...
