Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
$11+ Million a Day in UK Flood Insurance Claims Says ABI; Total $1.8+ Billion
Mar 13 2014 // The Association of British Insurers (ABI) has calculated that insurance claims from the recent spate of floods in the UK are averaging £6.7 million a day [$11.176 million]. The ABI said the “wettest winter on record...
FM Global Research Chief Shares Flood Preparedness Tips for Biz Owners
Mar 11 2014 // The hazard posed by potential flooding is increasingly on the minds of many business owners, said Lou Gritzo, vice president and manager of research at Johnston, R.I.-based business property insurer FM Global. Gritzo...
South Dakota Flood-Control Project Nearly Complete
Mar 10 2014 // Sioux Falls, S.D. officials can almost see the finish line in a flood-control upgrade project that has lasted nearly 15 years. But the work construction crews are completing in the city’s west side was not part of...
West Virginia Private Flood Insurance Bill Awaits Governor’s OK
Mar 10 2014 // The West Virginia House last Friday in a 86-8 vote passed a bill authorizing private insurers to sell flood insurance and setting out guidelines for regulation of the policies. The bill, SB 621, had previously passed the...
FEMA to Delay Some Flood Insurance Premium Increases
Mar 10 2014 // Some flood insurance premiums required under a 2012 law now won’t be raised until the fall of 2015 at the earliest. The Federal Emergency Management Agency says delays passed by Congress will put off higher premiums...
Report Projects L.A.’s Vulnerability to Future Sea Level Rise
Mar 10 2014 // Los Angelenos may expect to experience sea level rise of as much as two feet by 2050 due to climate change, according to current projections. A team from USC partnered with Los Angeles to gauge the impact of the rising...
N.J. Court Seeking Ways to Expedite Sandy Flood Litigation
Mar 10 2014 // A New Jersey federal court is seeking ways to expedite the litigation process for hundreds of flood insurance coverage-related cases that have been filed in wake of Superstorm Sandy. The court said it has received more...
February Stoms Caused $1 Billion Insured Losses: Aon Benfield’s Cat Report
Mar 6 2014 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released its latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that...
Private Market Could Grow As Government Flood Insurance Prices Rise: Fitch
Mar 6 2014 // As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings. However, it remains to be seen...
Vertafore, StoneRiver Partnership Aims to Make Selling Flood Insurance Easier
Mar 5 2014 // Insurance software firm Vertafore has formed a partnership with flood insurance policy processing firm StoneRiver National Flood Services (NFS) to provide independent agents a new way to quote and cross-sell flood...
N.J. Gov. Discusses Sandy Recovery, Obamacare at Town Hall Meeting
Mar 5 2014 // At the latest in a series of town halls, New Jersey Gov. Chris Christie heard Tuesday from people who are still kept from their homes 16 months after being driven out by Superstorm Sandy and others frustrated with the pace...
U.S. Congresswoman: Flood Insurance Bill Bad for Michigan
Mar 5 2014 // A U.S. Congresswoman from Michigan wants her state to opt out of the National Flood Insurance Program, saying it’s not good for Michigan homeowners. U.S. Representative Candice Miller (MI-10) voted against H.R. 3370,...
House Passes Flood Insurance Bill; Key Senators Sign On
Mar 4 2014 // The U.S. House of Representatives Tuesday evening passed legislation to curb some of the premium increases in the nation’s flood insurance program that have been causing “sticker shock” for property...
House Could Vote on Flood Insurance This Week
Mar 4 2014 // The House of Representatives could vote on a bipartisan measure to curtail some flood insurance premium hikes by the end of this week. House Majority Leader Eric Cantor (R- Va.) has included the latest version of the...
AG Coakley Testifies in Support of Flood Insurance Bill in Massachusetts
Feb 28 2014 // Concerned that increased insurance rates caused by new flood zone maps will “tip the balance” for homeowners who weathered the economic downturn but are still feeling its effects, Massachusetts Attorney General...
New Estimates Say UK Floods Could Cost Insurers up to $2.5 Billion
Feb 28 2014 // An additional £500 million [$838 million] has been added to the flood loss estimates from the almost continual storms, some reaching hurricane strength, which have produced widespread flooding to parts of Britain since...
UK Continues to Face Flood Risk Despite Falling River Levels: AIR Analysis
Feb 27 2014 // According to catastrophe modeling firm AIR Worldwide, this winter has been the wettest in the United Kingdom since detailed data was first published in 1910, and the rainfall total for January was the highest recorded...
N.J. Court Seeking Ways to Expedite Sandy Flood Litigation Process
Feb 26 2014 // A New Jersey federal court is seeking ways to expedite the litigation process for hundreds of flood insurance coverage-related cases that have been filed in wake of Superstorm Sandy. The U.S. District Court for the...
Report Projects L.A.’s Vulnerability To Future Sea Level Rise
Feb 26 2014 // Los Angelenos may expect to experience sea level rise of as much as two feet due by 2050 due to climate change, according to current projections. A team from USC partnered with the Los Angeles to gauge the impact of the...
Direct Line Says Cost of U.K. Floods Could Reach $183.6 Million
Feb 26 2014 // Direct Line Insurance Group Plc, seen as one of the insurers most vulnerable to losses from the recent U.K. storms, said weather claims may cost as much £110 million ($183.6 million) as full-year profit jumped. Pretax...
