Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Insurance Industry Use of Drone, Aerial Imagery Soared After 2018 Southeast Disasters
Jan 24 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
Shutdown Stalls West Virginia Recovery From 2016 Floods
Jan 23 2019 // A program that helps people rebuild homes that were damaged or destroyed in West Virginia’s 2016 flood is being affected by the partial federal government shutdown. The Charleston Gazette-Mail reports a statement...
From Banks to Telecoms, Large Firms Disclose Risks, Opportunities of Climate Change
Jan 22 2019 // Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may...
Insurance Covered $90B of Natural Disaster Losses in 2018, Leaving 60% Protection Gap
Jan 22 2019 // The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the overall total, creating the fourth costliest year on record of insured losses,...
California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re
Jan 21 2019 // The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael topping the list, according to Munich Re. A report from Munich Re on last...
Declarations
Jan 21 2019 // Finding Flood Solutions “How do we make water our friend? How do we accommodate it? How do we use it? We can’t fight it. It is with us forever.” — South Carolina Governor Henry McMaster asked the...
For New Governors, Natural Disasters Will Be Necessary Priority
Jan 21 2019 // Even Governors Skeptical of Climate Change Can’t Avoid Need to Plan for Future Storms, Fires Governors have a range of priorities they want to tackle in the coming year, from tax reform to education. Yet, one topic...
Tennessee Insurance Head McPeak On Leading NAIC, Priorities Under New Gov
Jan 21 2019 // Tennessee Insurance Commissioner Julie Mix McPeak’s tenure as president of the National Association of Insurance Commissioners (NAIC) may have come to an end, but her work as an insurance regulator will continue for...
Flood Coverage, TWIA, Workers’ Comp Relativities Among TDI Concerns in Legislative Report
Jan 21 2019 // In its 2018 Biennial Report to the Legislature dated Dec. 14, 2018, the Texas Department of Insurance made several recommendations to state lawmakers regarding issues the agency believes are worth looking at in the...
Boston Marks the 100th Anniversary of the Great Molasses Flood
Jan 18 2019 // Slow as molasses? This treacle didn’t trickle. It was a sticky, deadly tsunami that flattened an entire Boston neighborhood within seconds. This week the city marked the 100th anniversary of its most peculiar...
Enviro Risks, Climate Change Lead Concerns in World Economic Report
Jan 17 2019 // Environmental risks continue to dominate long-term concerns, a new report shows. World Economic Forum’s Global Risks Report 2019 released on Wednesday included as collaborators Marsh & McLennan Cos. and Zurich...
Severe Weather in Canada Cost Insurers C$1.9 Billion in 2018: IBC
Jan 17 2019 // Insured damage from severe weather events across Canada reached C$1.9 billion (US$1.4 billion) in 2018, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification...
Cabrillo Coastal Launches Flood Coverage for Dwelling Fire Policies in Florida
Jan 17 2019 // Cabrillo Coastal General Insurance Agency launched a flood endorsement for new or existing dwelling fire policies for its admitted program in Florida. The coverage follows Cabrillo Coastal’s launch of a flood...
Berkley One Expands into Florida, Ohio; Adds Flood Insurance in Select States
Jan 15 2019 // Berkley One, a startup insurance provider targeting the high net worth personal lines market, has expanded into Florida and Ohio. Working with select independent agents, Berkley One offers home, automobile, fine art and...
Des Moines Buying 78 Flood-Damaged Homes
Jan 14 2019 // Des Moines, Iowa, has spent about $10.5 million to buy 78 homes damaged by June’s flash flooding, and officials hope the move will prevent future flooding issues. Most of the residences are situated along Fourmile...
After 2018 Flooding, Mitigation a Priority for 2 Wisconsin Counties
Jan 14 2019 // Two neighboring counties in southern Wisconsin are taking steps to address last year’s widespread flooding that drenched streets, damaged homes and caused lakes to spill over. Dane County has budgeted more than $18...
Bill Would Prevent Texans from Unknowingly Buying Homes in Flood-Prone Areas
Jan 14 2019 // State Sen. Joan Huffman, R-Houston, has legislation that would require sellers of residential properties to notify buyers if a property is located in a flood-prone area — and whether it has previously flooded. Senate...
AmWINS to Acquire The Flood Insurance Agency
Jan 14 2019 // Specialty insurance broker AmWINS Group has agreed to acquire The Flood Insurance Agency, a Florida-based managing general agency that specializes in private market flood insurance. Scott M. Purviance, chief executive...
Global Reinsurance Capital Is Resilient Despite Losses of $230B over 2 Years: Aon
Jan 11 2019 // Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to US$595 billion from $605 billion in 2017, remaining resilient in the face of insured natural catastrophe losses of...
Winter Storms Cause Lower Mississippi River Flooding
Jan 10 2019 // For the second time in three years, the lower Mississippi River is flooding in January. High water is moving downriver from the junction with the Ohio River at Cairo, Illinois, where the Ohio crested over the weekend. The...
