Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Endurance Estimates $15 Million Aus. Flood Loss; $45 Million NZ Quake
Mar 18 2011 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its “initial loss estimate related to the floods which occurred in Queensland, Australia in January of 2011 is $15 million.” The specialty...
Alterra Gives Estimates Aus. Floods, Cyclone Yasi, NZ Quake Losses
Mar 18 2011 // Bermuda-based Alterra Capital Holdings Limited has announced initial loss estimates for three recent natural catastrophe events. Alterra said the estimates are “$5 to $8 million related to the Australian floods in...
North Dakota Flood Insurance Policies Down Slightly
Mar 17 2011 // The number of flood insurance policies issued to North Dakota residents so far this year is down slightly from last year, despite predictions of high water and an emergency declaration request for about one-third of the...
RenRe Estimates Australia Flood Losses $30 Mn; NZ Quake $190 Mn
Mar 17 2011 // Bermuda-based RenaissanceRe Holdings Ltd. announced its initial loss estimates for the 2011 Australian flooding as well as the February 2011 New Zealand earthquake. The Company said it currently expects the Australian...
Montpelier Re Estimates $75 Mn NZ Quake Losses; $15 Mn Australian Floods
Mar 16 2011 // Bermuda-based Montpelier Re Holdings announced that its preliminary pretax net loss estimate from the February New Zealand earthquake will be around US$75 million, net of reinstatement premiums. The Company added that its...
Business Groups Back Expanding Federal Flood Insurance Options
Mar 14 2011 // Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on budget-sensitive Capitol Hill these days. However the idea is included in a Republican-drafted reform of the...
FEMA Shifts Course on Flood Map Modeling in Illinois
Mar 14 2011 // The Federal Emergency Management Agency is offering a reprieve to property owners in southwestern Illinois and other areas guarded by aging levees that it had considered decertifying, staving off fears that some could have...
Newly Built Flood-Protection Levee in Louisiana Has Cracks
Mar 9 2011 // Cracks have formed in a Cocodrie, La., levee, one of the newest to be constructed as part of the Morganza-to-the-Gulf hurricane-protection system. Levee officials say the cracks aren’t serious enough to cause a...
Republican Flood Insurance Bill Gets Positive Initial Reception
Mar 8 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...
4 Consumer Misconceptions About Personal Lines
Mar 7 2011 // Agents, Don’t Be on Spring Break When Customers Need You to Prepare for Summer As spring draws near, it’s time to reconnect with your clients. There is no better time than now to reach out and address some...
Declarations
Mar 7 2011 // Higher Exposures, Limits “Clearly, companies are reacting to the fact that D&O liability exposures facing directors and officers are arguably at an all-time high. Insurance buyers continue to be threatened by an...
Declarations
Mar 7 2011 // Presumably Watson “I could actually envision an agent or an executive literally referring to the system in the presence of the consumer or the trainee, saying, ‘Hey, I don’t know this. I’m not...
Insurance Council of Australia Supports National Disaster Insurance Review
Mar 7 2011 // In a recent bulletin the Insurance Council of Australia (ICA) said it “has welcomed the National Disaster Insurance Review announced by the Federal Government.” ICA CEO Rob Whelan said the National Disaster...
Midwest Prepares for Massive Spring Flooding
Mar 7 2011 // One of the snowiest winters on record for the Midwest and northern U.S. Plains have crop watchers worried about a repeat of the massive flooding that hit one of the world’s top grain producing regions in...
Republicans to Re-launch U.S. Flood Insurance Overhaul
Mar 4 2011 // Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel Thursday. Representative Judy Biggert told...
‘Worsening Weather, Better Forecasting’ Could Prompt Force Majeure Changes
Feb 25 2011 // Worsening weather and better forecasting methods could push the mining sector to change force majeure provisions in supply contracts and sharpen how blame is allotted when storms or floods disrupt regular business. Climate...
Insurance Industry Challenged by Unexpected Weather
Feb 21 2011 // It’s a tough time to be in the $500 billion U.S. property insurance business. Storms are happening in places they never happened before, at intensities they have never reached before and at times of year when they...
Declarations
Feb 21 2011 // Significant Flooding Likely “It appears likely we’ll get moderate to major levels of flooding on the Mississippi.” — Mark Fuchs, a hydrologist for the National Weather Service, said towns along the...
Major Flooding Expected in North Central U.S.
Feb 18 2011 // A large swath of the country is at risk of moderate to major flooding this spring, from northeastern Montana through western Wisconsin following the Mississippi River south to St. Louis, National Weather Service flood...
Cedar Rapids Seeks $200 Million in State Flood Aid
Feb 17 2011 // Cedar Rapids, Iowa, is seeking $200 million in long-term state financial aid to help pay the costs of a $375 million flood-control project to protect the city from another disaster similar to the floods of 2008. The Des...
