Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
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...
Windstorm Andrea, First of 2012, Causes Damage in Europe: AIR Report
Jan 9 2012 // According to catastrophe modeling firm AIR Worldwide, Windstorm Andrea passed through the U.K. earlier this week, fast on the heels of Windstorm Ulli, which brought widespread travel and power disruptions to Scotland. The...
Flood Insurers Asked to Quickly Process Remaining Claims
Jan 9 2012 // U.S. Senator Bob Casey (D-Penn.) asked flood insurance companies to quickly process remaining claims from Irene and Lee. He says some 20 percent of the claims in Pennsylvania are still not processed. Federal flood...
‘Flood House’ Gives Close-Up of Water Damage
Jan 3 2012 // Diane Hopp says she doesn’t have a green thumb, so if her neighbors were around, they might be surprised to see her spraying a garden hose — particularly in December inside the living room of a newly renovated...
New York City Helps Upstate Towns Prepare for Future Floods
Jan 2 2012 // The catastrophic flooding from hurricanes Irene and Lee exposed planning gaps in small towns that can’t afford effective flood readiness plans. But in New York’s Catskill Mountains, partnership with New York...
Guy Carpenter Analyzes 2011 Catastrophes; $108 Billion in Losses
Dec 30 2011 // Reinsurance broker Guy Carpenter has examined the past year’s natural catastrophes, which it describes as “an unusually eventful year for the (re)insurance sector.” In addition to the ongoing financial...
Penn. Senator Asks Flood Insurers to Quickly Process Remaining Claims
Dec 29 2011 // U.S. Senator Bob Casey (D-Penn.) is asking flood insurance companies to quickly process remaining claims from Irene and Lee. He says some 25 percent of the claims in Pennsylvania are still not...
ABI Seeks ‘Long Term’ Solution, Government Help to Cover UK Floods
Dec 28 2011 // Otto Thoresen, director general of the Association of British Insurers has issued a statement outlining the organization’s position on flood coverage in the UK, in response to recent proposals from the...
Insurers Worry 2012 Will Top 2011 for Record Weather Disasters
Dec 28 2011 // From floods that crippled countries, to mega cyclones, huge blizzards, killer tornadoes to famine-inducing droughts, 2011 has been another record-breaker for bad weather. While it is too early to predict what 2012 will be...
Mississippi Officials Want Hunting, Fishing Camps Eligible for Flood Insurance
Dec 28 2011 // Officials in Pascagoula, Mississippi are asking lawmakers to amend a state law and allow local governments to enforce federal floodplain codes at hunting and fishing camps so they can qualify for the National Flood...
Early Flood Outlook Looks Favorable for North Dakota
Dec 28 2011 // North Dakota residents who have taken turns battling major floods the last three years may be in for a break, based on the first National Weather Service flood outlook of the season. Hydrologist Allen Schlag says the...
FEMA to Give Partial Credit for Substandard Levees in Drawing Flood Zones
Dec 27 2011 // A levee isn’t perfect, but it exists and that should count for something when deciding if a property is at risk for flooding. That’s the position of the Federal Emergency Management Agency in a new proposal...
