Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Business Moves – South Central
Oct 8 2012 // Texas Wholesale Insurance Coalition A group of Texas-based managing general agents/brokers has formed the Texas Wholesale Insurance Coalition (TWIC) with the goal of enhancing their markets, attracting Texas retail agency...
Business Moves – Southeast
Oct 8 2012 // Digital, Strategic Benefit Solutions Employee benefits agency Digital Insurance in Atlanta has acquired Strategic Benefit Solutions of Raleigh, N.C., and merged it with its local office of Digital Benefit Advisors (DBA)....
Aon Benfield’s Monthly Cat Recap Focuses on $7.5 Billion Asian Flood Losses
Oct 5 2012 // Asian flood losses during the third quarter of 2012 aggregated more than $7.5 billion in economic losses, of which China was the worst hit by two separate flood events that affected several provinces. “The most...
Clark County Asks Nevada For Disaster Aid After Floods
Oct 4 2012 // Clark County commissioners are asking the state of Nevada for disaster relief funds in the aftermath of flash floods that killed two people and caused an estimated $2.6 million in damages to government property. The...
Lloyd’s Analyzes Repercussions of Thai Flood Losses a Year Later
Oct 3 2012 // Lloyd’s has published an analysis of the floods that hit Thailand in October 2011, which notes that “after weeks of slowly spreading their way through many of Thailand’s provinces, flood waters eventually...
The City of Northampton, Mass., Faces Steep Flood Control Bill
Oct 2 2012 // The city of Northampton, in Massachusetts, is facing an $800,000 bill to upgrade and maintain its storm water and flood control systems to comply with federal regulations. And that may just be the tip of the iceberg. City...
Typhoon Jelawat Hits Okinawa; Moves on Tokyo: AIR Analysis
Oct 1 2012 // Typhoon Jelawat remains a powerful storm, even if its wind speed has decreased from around from 155 mph, 250km/h, it passed over Okinawa on Saturday with wind speeds over 90 mph, 144 km/h, causing extensive damage, and...
Tornado Hits Fair in Spain; Flood Deaths Reach 10
Oct 1 2012 // A tornado swept through a fairground in a Spanish town, knocking down a Ferris wheel and injuring 35 people, while the death toll from flooding in the same southern region of the country rose to 10, authorities said...
DEP Sets Aside Funds for Northern New Jersey Flood Buyouts
Sep 28 2012 // Plans to provide nearly $500,000 in state funds that would help a northern New Jersey town buy eight flood-prone homes have cleared another hurdle. The state Department of Environmental Protection tells The Record that the...
Alaska Railroad: Flood Damage, Lost Revenue May Top $1M
Sep 26 2012 // Washouts of railroad track after heavy rains and revenue lost because of idled trains are likely to cost the Alaska Railroad more than $1 million, a spokeswoman said Monday. “We’re still tallying the...
Court Reverses Landmark Katrina Ruling on Army Corps Liability
Sep 26 2012 // A federal appeals court reversed itself this week and threw out a judge’s landmark ruling that the Army Corps of Engineers was liable for billions of dollars in Hurricane Katrina flood damage that property owners...
Deadline for Cheap North Dakota Flood Rebuilding Loans Looms
Sep 25 2012 // Jessica Henderson’s Minot home had just been painstakingly gutted and remodeled, from the basement on up, when the flooding Souris River put its main floor under four feet of water last summer. When it came time to...
Isaac Losses Won’t Strongly Impact P/C Industry in Louisiana
Sep 24 2012 // While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the...
Louisiana Senator Vitter Named a NAMIC Federal Legislator of the Year
Sep 19 2012 // The National Association of Mutual Insurance Companies (NAMIC) has named Sen. David Vitter, R-La., one of its Federal Legislators of the Year for 2012. Sen. Jon Tester, D-Mont., also won the award. “Senators Tester...
Flood Insurer Fidelity National Indemnity to Change Name to Wright Flood
Sep 19 2012 // Flood insurance company Fidelity National Indemnity Insurance Co. is being renamed Wright National Flood Insurance Co. The name change must be approved by the Texas Department of Insurance. Wright National Flood is a...
Mississippi Trial Set for Kmart Complaint Against FEMA Flood Mapping
Sep 17 2012 // A federal judge has set a trial date in a lawsuit over 2010 flooding at the Kmart in Corinth. The Daily Corinthian reported that the trial is scheduled for Feb. 24 in Aberdeen before U.S. District Glen H. Davidson. In...
Isaac Losses Won’t Strongly Impact P/C Industry in Louisiana
Sep 14 2012 // While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the...
Judge Hears Case Over Katrina Floodwall Failure
Sep 14 2012 // Alvin Livers lost his dream home when busted floodwalls unleashed a torrent of water that inundated his New Orleans neighborhood during Hurricane Katrina. Seven years later, Livers is one of several homeowners seeking to...
Hurricane Isaac Insured Losses to Reach $1-$2 Billion: RMS
Sep 14 2012 // U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses,...
New York Has More Than 400 FEMA Home Buyout Applications
Sep 10 2012 // Gertrude Baker and her husband bought their cozy home in Owego in 1956. They raised three kids, befriended neighbors and weathered the occasional flood. But after Tropical Storm Lee bought five feet of water to her first...
