Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
WRM America Completes Acquisition of Fidelity National Indemnity
Nov 14 2011 // WRM America Holding Company, a specialty lines P/C insurance and risk management holding company, completed the acquisition of Fidelity National Indemnity Insurance Company (FNIIC), the flood insurance business of Fidelity...
Bank of North Dakota May Offer Homeowners Low-Interest Disaster Loans
Nov 10 2011 // A key provision in the North Dakota Legislature’s disaster aid bill would provide low-interest, unsecured loans of up to $30,000 for homeowners hit especially hard by this year’s flooding, the Bank of North...
AIR Updates Analysis of Thai ‘Historic’ Flooding; BI Will Impact Insurers
Nov 10 2011 // According to catastrophe modeling firm AIR Worldwide, “historic flooding in Thailand continues to damage residential properties and has interrupted operations for numerous businesses. At the start of this...
North Dakota Governor Asks Legislature to Approve Disaster Help
Nov 9 2011 // North Dakota Gov. Jack Dalrymple has unveiled a $569 million plan to provide disaster aid to flood-stricken areas and to help western North Dakota towns struggling to cope with oil development. Speaking to a joint session...
Used-Car Buyers Are Warned of Flood Vehicles In Wake of Irene
Nov 8 2011 // The National Insurance Crime Bureau is advising consumers to be alert for potentially dangerous flood vehicles appearing in the used-car market in wake of Hurricane Irene. Flood-damaged cars can be an attractive purchase...
AIR Worldwide Launches Inland Flood Model for Germany
Nov 8 2011 // Catastrophe risk modeling firm AIR Worldwide has released an inland flood model for Germany, which it said “offers a fully probabilistic approach for determining the likelihood of flood losses from all types of...
Insurers, Policyholders Clash Over Business Interruption Claims
Nov 7 2011 // Over the years, insurance companies and policyholders have been arguing in courts over how to calculate business interruption losses during catastrophes. This is the type of coverage that is often ignored until there is a...
Floods Hit France, Italy; UK Motorway Crash Leaves 7 Dead, 51 Injured
Nov 7 2011 // Continuing heavy rains have caused serious flooding in southern France and throughout Italy, with little letup in sight. In western England an horrendous crash on the M25 motorway in Somerset, involving 34 cars and trucks,...
FEMA Extends Deadline to Seek Flood Assistance in Missouri
Nov 7 2011 // The Federal Emergency Management Agency has again extended the deadline for residents in six Missouri counties to apply for federal disaster assistance. FEMA spokesman John Mills says the new deadline is Dec. 10 for...
Crops Rebound Better Than Expected at Birds Point
Nov 7 2011 // When the Army Corps of Engineers was forced to breach the Birds Point levee in southeast Missouri at the height of spring flooding, many feared the rich 130,000 acres of farmland would be a total washout for 2011. But the...
Arkansas Sen. Mark Pryor Opposes Flood Insurance Mandate Near Levees
Nov 7 2011 // Two U.S. senators are pressing to remove a federal requirement that homeowners and businesses near levees and dams purchase flood insurance. Senators Thad Cochran (R-Miss.) and Mark Pryor (D-Ark.) are circulating a...
Miss. Sen. Cochran Opposes Flood Insurance Mandate Near Levees
Nov 7 2011 // Two U.S. senators are pressing to remove a federal requirement that homeowners and businesses near levees and dams purchase flood insurance. Senators Thad Cochran (R-Miss.) and Mark Pryor (D-Ark.) have launched an effort...
Flood Damage Underestimated: Allianz
Nov 7 2011 // Floods are the most commonly occurring natural catastrophes in the world and insurance companies are using science to better predict risks, yet most people underestimate flooding’s destructive power, German insurer...
Feds Agree to Flood Insurance Reinspections in North Carolina
Nov 4 2011 // The Federal Emergency Management Agency says its flood insurance arm will reinspect more eastern North Carolina homes and businesses damaged during Hurricane Irene after owners complained claims adjusters weren’t...
Aon Benfield Monthly Cat Report Says Thai Floods Insured Loss over $5 Billion
Nov 4 2011 // Aon Benfield’s latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during October, states that insurers are exposed to a minimum $5 billion loss as...
North Dakota Flood Insurance Holders Get Another Extension
Nov 4 2011 // North Dakota flood victims with flood insurance have been given even more time to file claims. The state’s congressional delegation says the Federal Emergency Management Agency is providing another 30 days for...
North Carolina Officials Want Answers on Flood Claims
Nov 3 2011 // Two North Carolina state officials want flood insurance claims adjusters to return to areas pummeled by Hurricane Irene to ensure home and business inspections are performed adequately so damage claims can be resolved as...
South Dakota Flood Insurance Holders Get Another Extension
Nov 2 2011 // South Dakota flood victims have been given more time to file flood insurance claims. Policyholders typically have 60 days to file a claim after suffering damage. Officials with the National Flood Insurance Program say...
North Dakota’s Souris River Flood Control Plan on Track
Nov 2 2011 // North Dakota state and local officials say a flood-control plan for the Souris River is on track. The proposal’s outlines are being announced on Nov. 3 in Minot. It will be followed by a series of public...
National Flood Insurance Program Offers Free Seminars for Penn. Agents
Nov 1 2011 // The National Flood Insurance Program (NFIP) said it is offering insurance agents free training seminars on flood insurance in several locations across Pennsylvania. The seminars will cover basic insurance issues and also...
