Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Japan’s Tragedy a Reminder of Need for Business Interruption Insurance
Apr 18 2011 // The human, social and economic devastation in Japan from the massive earthquake and tsunami is overwhelming and business losses are just beginning to be tallied. Companies in the United States that purchase products or...
Tennessee’s Opry Mills to Reopen; Suit Against Flood Insurers Goes On
Apr 12 2011 // Nearly one year after a historic flood ravaged Nashville and submerged the popular Opry Mill shopping mall, the mall said it will reopen in 2012. This will happen despite the fact the property owner, Simon Property, is...
Red River Floods Fields, but U.S. Farmers Ready
Apr 12 2011 // Record flooding in parts of the U.S. Red River Valley has slowed grain movement, but lake-like fields are nothing new to farmers who battle flooding on some scale each spring, industry officials said. The Red River, which...
Red River Begins Slow Decline in Fargo Area
Apr 11 2011 // The Red River Sunday had started a gradual decline in the Fargo-Moorhead area after reaching a preliminary crest at the fourth-highest level on record with rain storms coming in lighter than expected. “This rain will...
House Flood Insurance Reform Bill Wins Bipartisan Support
Apr 7 2011 // A House subcommittee yesterday approved a bipartisan bill to reauthorize and reform the nation’s flood insurance program. The 10 Republicans and eight Democrats on the Insurance, Housing and Community Opportunity...
Flood Insurance Reform Bill Due This Week
Apr 4 2011 // A key House subcommittee plans to mark up its final version of legislation to reauthorize and reform the federal flood insurance program this Wednesday. Rep. Judy Biggert, R-Ill., who chairs the Financial Services...
Plans to Reform Texas Wind Pool Taking Shape
Apr 4 2011 // Two Texas lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of...
North Dakota Flood Helpline Now Operating
Apr 1 2011 // Fargo officials have yet to deliver sandbags to residents along the Red River, but the North Dakota city’s flood hotline is up and running. The service is managed by the city’s library and meant for people who...
Red River Flood Mitigation Plan Requires State, Local Approvals
Apr 1 2011 // The U.S. Army Corps of Engineers says it needs formal approval from state and local officials in two states by April 11 to keep alive the latest version of a planned Red River diversion around Fargo and neighboring...
AIR Releases New Northwest Asia-Pacific Area Wide Typhoon Model
Mar 31 2011 // Catastrophe modeling firm AIR Worldwide has released an enhanced typhoon model for the Northwest Pacific Basin. AIR said the “model, which was released in Version 12.5 of AIR’s CLASIC/2™ and CATRADER®...
Flood Insurance Reformers to Hold Second Hearing
Mar 30 2011 // The House subcommittee preparing a flood insurance reform measure will have its second hearing on April 1 to hear testimony from Federal Emergency Management Agency (FEMA) Administrator Craig Fugate. Fugate was unable to...
North Carolina Researchers Track Risk from Rising Sea Level
Mar 30 2011 // Laid back beach communities, fragile wetlands perfect for canoeing or kayaking, and iconic lighthouses come to mind when picturing North Carolina’s coast. In reality change is the norm along the coast, and although...
2010 Nat Cats, Disasters Cost $218 Bn – $43 Bn Insured; Says Swiss Re
Mar 29 2011 // According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were $218 billion in 2010, more than triple the 2009 figure of $68 billion. The losses cost the...
Class Action Suit Over New Orleans Hospital Katrina Deaths Begins
Mar 23 2011 // A last-minute effort to work out a settlement with Tenet Health Systems and Memorial Medical Center in a lawsuit over deaths at the hospital during Hurricane Katrina was unsuccessful. Jury selection for the trial was to...
Platinum Estimates NZ Quake, Aus. Flood Losses at $160 Million; Assessing Japan
Mar 23 2011 // Bermuda-based Platinum Underwriters Holdings has announced that it currently expects the 2011 Australian floods and Cyclone Yasi and the 2011 New Zealand earthquake will “have a net negative impact of approximately...
AXIS Estimates NZ Quake, Aus. Flood Losses at $275 to $315 Million
Mar 22 2011 // AXIS Capital Holdings Limited has issued a bulletin which estimates that the “total net impact of the New Zealand earthquake and loss events in Australia that have occurred to date in the first quarter of 2011 will...
Texas Lawmakers Roll Out Plans to Reform Wind Pool
Mar 21 2011 // Two lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of Representaives...
House Moves On Flood Insurance Changes
Mar 21 2011 // A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase out most rate subsidies, tie coverage limits to the rate of inflation, vary the deductible by...
Expanding Flood Insurance Options: Good Idea?
Mar 21 2011 // Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on budget-conscious Capitol Hill these days. However the idea is included in a Republican proposal to reform the...
Lloyd’s Chaucer Lowers NZ Quake, Aus. Flood Loss Estimates; Assessing Japan
Mar 18 2011 // Chaucer Holdings PLC, the specialist Lloyd’s insurance group, has announced that it has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods. Chaucer previously...
