Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Flood Damage in 2011 May Make 2012 Worse Along Mississippi River
Jan 30 2012 // Damage from last year’s record spring floods could leave many people along the Mississippi River in even more danger this year, the Army Corps of Engineers said. The Corps said it’s assessing the damage to...
Red River Valley Flood Risk Keeps Receding
Jan 30 2012 // The risk of significant flooding in the Red River Valley is down from recent years and even lower than last month’s forecast due to the lack of snow, forecasters said on Jan. 26 — bolstering hopes the region may be...
Flood Damages 145 Vehicles in Oregon Motor Pool
Jan 26 2012 // The Oregon State Motor Pool says 145 vehicles were damaged when floodwaters inundated its parking lot Thursday in Salem. The Statesman Journal reports insurance adjusters are adding up the damage. The Department of...
HCC’s Cat Losses in Q4 Mostly Related to Thailand Flooding
Jan 25 2012 // HCC Insurance Holdings Inc., headquartered in Houston, has reported preliminary fourth quarter 2011 catastrophe losses, after reinsurance and reinstatement premium, of $10 million pretax ($6.5 million after-tax). These...
Irene Flooding Left Vermont Home on Unexpected Island
Jan 24 2012 // June Tierney and Kellie Burke never envisioned island living in the Vermont woods, but Tropical Storm Irene had other ideas. Their home, a two-story, natural-sided saltbox, was a rural idyll on a wooded 10-acre lot off a...
UPDATE: Insured Loss Estimates from Thailand Floods
Jan 23 2012 //
U.S. Nuclear Plants Need Better Safety Against Earthquakes, Floods: Panel
Jan 23 2012 // An expert task force convened by the Nuclear Regulatory Commission called Japan’s nuclear disaster “unacceptable” and concluded that nuclear power plants in the U.S. need better protections for rare,...
North Dakota Town Approves Flood-Related Home Buyout Program
Jan 23 2012 // The city council in Minot, N.D., has approved a plan that could result in the acquisition of more than 270 properties for future flood protection measures. The voluntary program calls for negotiations to begin with willing...
Private Insurers Can Complement National Flood Insurance
Jan 23 2012 // A new study says that there are some regions in the country where National Flood Insurance Program (NFIP) premiums are too high. The report, from the Wharton Risk Management and Decision Processes Center at the Wharton...
Endurance Thai Flood Losses $76.5 Million; Ups Nat Cat Loss Amounts
Jan 20 2012 // Bermuda-based Endurance Specialty Holdings Ltd announced that its initial loss estimate related to the floods that occurred in Thailand in the fourth quarter of 2011 is $76.5 million. The announcement said they...
List of Insured Loss Estimates from Thailand Floods
Jan 19 2012 // Last year’s flooding in Thailand is shaping up to be one of the worst natural disasters in human history, with insured losses alone estimated at more than $15 billion. Following is a list of expected losses reported...
Group Urges Obama to Address Flood Insurance in State of Union Address
Jan 19 2012 // A coalition of business and environmental groups is calling on President Obama to use his upcoming State of the Union address to urge Congress to reform the nation’s debt-ridden flood insurance program. The U.S....
AXIS Estimates Thai Flood Losses at $48 Million; Updates 2011 Loss Estimates
Jan 18 2012 // Bermuda-based AXIS Capital Holdings Limited announced that the net financial impact of the severe flooding in Thailand on the Company’s fourth quarter results is expected to be $48 million – net of reinsurance,...
PartnerRe Estimates Thai Flood Losses at $120 Million
Jan 18 2012 // Bermuda-based PartnerRe Ltd. announced that it “expects to record a charge of approximately $120 million, pre-tax and net of retrocession and reinstatement premiums, in its fourth quarter 2011 results related to the...
600 Nevada Flood Victims Get Share of $10 Million Settlement
Jan 17 2012 // About 600 victims of a flood caused by the failure of a century-old irrigation canal in Fernley, Nev. in 2008 have received their share of a $10 million settlement. The settlement funds distributed last month stemmed from...
Feds Reimburse County in Utah for Flooding Damages
Jan 13 2012 // The federal government has reimbursed Cache County, Utah and municipalities more than $780,000 for flooding damages last spring. The Herald Journal of Logan reported that President Barack Obama approved the request after...
XL’s Preliminary Thai Flood Loss Estimates: $135 to $185 Million
Jan 13 2012 // The XL Group gave preliminary net loss estimates related to the widespread floods in Thailand that reached their highest point during the quarter ended December 31, 2011, as ranging from approximately $135 million to $185...
Mississippi County Approves 7 More Flooded Home Buyouts
Jan 12 2012 // Jackson County supervisors have approved a payment of $500,949 to Island Winds Title Co. to close on seven homes. According to The Mississippi Press, the action brings the county closer to completing its role in a federal...
Aon Benfield 2011 Catastrophe Study: $107 Bn Insured Losses; $435 Bn Economic
Jan 10 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued its “Annual Global Climate and Catastrophe Report,” which aggregates and analyses the natural disaster perils that...
More Louisiana Property Owners Move to Private Insurers
Jan 9 2012 // Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes. For policyholders of Louisiana...
