Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Hurricane Katrina: The Legal Saga Begins
Sep 19 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
New Orleans-Based GEB Insurance Agency Weathers Katrina
Sep 19 2005 // Before Hurricane Katrina, Gillis, Ellis and Baker Insurance, a New Orleans-based independent insurance brokerage that writes casualty insurance, liability benefits, health, employment, risk management and seismic vessel...
Weathering the storm
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
HURRICANE KATRINA: The Legal Saga Begins
Sep 19 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
AIA Criticizes Mississippi Attorney General Hood’s Lawsuit As ‘Groundless’
Sep 16 2005 // Mississippi Attorney General Jim Hood’s complaint, filed in state court to force insurers to pay for flood losses not covered by property insurance contracts is “groundless” and an attempt to...
Lawsuit Filed in La. Against Insurers, Commissioner Over Katrina Damages
Sep 16 2005 // Plaintiff attorneys with the McKernan Law Firm – Jerry McKernan, Joe Bruno, Calvin Fayard and Vernon Thomas – reported that they have filed a suit seeking a speedy, favorable resolution that all property and...
PCI: Mississippi AG’s Lawsuit More About Politics than Justice
Sep 16 2005 // A lawsuit that attempts to force insurance companies to pay for flood insurance losses under homeowners insurance contracts filed by Mississippi Attorney General Jim Hood will, if successful, destroy the viability of every...
Insurance Council of Texas: Insurers Want to Hear from Katrina Victims
Sep 16 2005 // Evacuees who have come to Texas should contact their insurance companies as soon as possible, according to the Insurance Council of Texas. Adjusters representing insurers have begun the process of entering the areas...
Nationwide Mutual Refutes Miss. AG Hood’s Allegations As ‘Unfounded’
Sep 16 2005 // Nationwide Mutual Insurance Company has issued a statement it hopes will set the record straight regarding Mississippi Attorney General Jim Hood’s acusations that insurance adjusters attempted to cheat Hurricane...
Hurricane Ophelia Lashes Cape Lookout, N.C.; Serious Flooding, 11-foot Storm Surge Predicted
Sep 15 2005 // Hurricane warnings are up over a 220 mile stretch of North Carolina’s coast, from Surf City, north of Wilmington to the Virginia line as officials fear serious flooding and a possible 11-foot storm surge. Early...
Experts Warn Ariz. Residents Against Buying ‘Flood Cars’ for Sale
Sep 15 2005 // Experts are warning that thousands of used cars and trucks that were under water in New Orleans are expected to hit Arizona used-car lots and street corners in coming months. These vehicles are usually...
Congress Boosts Flood Program Borrowing to Cope with Katrina Claims
Sep 14 2005 // Congress has agreed to increase the borrowing authority of the federal program overseeing flood insurance to cope with the huge expected costs of claims from Hurricane Katrina. The Senate, by voice vote, approved a...
Dale Cautions Miss. Insurance Committee Not to Force Companies to Pay Flood Insurance
Sep 13 2005 // Mississippi Insurance Commissioner George Dale told lawmakers at a joint House and Senate Insurance Committee meeting that it was unfair to attempt to force insurance companies to cover flood damage if homeowners did not...
Best Comments on Katrina’s Impact on the Global Reinsurance Industry
Sep 12 2005 // As the Reinsurance Rendezvous opens in Monte Carlo, A.M. Best Co. has issued a comment on the possible impact of Hurricane Katrina on the global insurance industry. Many of the biggest European companies – Munich Re...
Aspen Estimates Katrina-New Orleans Flood Losses at $150 Million
Sep 9 2005 // Bermuda-based Aspen Insurance Holdings Limited announced its initial assessment of the losses sustained from Hurricane Katrina and the “Great New Orleans Flood” would be approximately $150 million. In...
New Orleans Flood Adds $15-$25B in Hurricane Katrina Insured Losses; Total Estimated Losses Rises to $40-$60B
Sep 9 2005 // Risk Management Solutions now estimates that insured losses from Hurricane Katrina are expected to be $40-$60 billion, of which $15-$25 billion are related to the Great New Orleans Flood. Total economic losses may now...
Zurich Estimates $100 Million in European Flood Losses; No Estimate Yet on Katrina
Sep 8 2005 // The Zurich Financial Services Group has issued a statement that, based on preliminary estimates, “it expects aggregate claims payments related to the recent floods affecting Switzerland, southern Germany and Austria...
Louisiana Proposes Insurance Company Restrictions
Sep 8 2005 // A draft order released by Louisiana’s insurance commissioner Wednesday would significantly restrict the ability of property and health insurance companies to cancel the policies of Hurricane Katrina victims in that...
Pa. Rep. Seeks Emergency Aid Law with Flood Subsidies
Sep 7 2005 // Pennsylvania State Rep. Peter J. Daley, D-Washington/ Fayette, is planning on introducing a bill to provide flood insurance premium subsidies and other small disaster relief to homeowners, small businesses and...
New Orleans Begins to See Flood Waters Decrease; Some Residents Check Damages
Sep 6 2005 // Good news comes to those who wait, and in this case, it is the city of New Orleans. One week after floods from Hurricane Katrina swamped the city and left many homeless and either dead or needing evacuation, officials said...
