Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
How Did Catastrophe Models Weather Katrina?
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several...
After the Wreckage, Hurricane Katrina Spawns Lawsuits
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Miss. AG Accuses Carriers of Cheating
Oct 3 2005 // Five major insurance companies were recently sued by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
How Did Catastrophe Models Weather Katrina?
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several...
Competition, Regulation and Katrina a Concern at PLUS D&O Symposium
Oct 3 2005 // Wrapping up the PLUS D&O West Symposium held Sept. 13-14 in San Francisco, senior management personnel from insurers, brokerage firms, corporations and law firms concluded that competition is shaping the current and...
NICB Warns Against Illegal Resale of Flood-Damaged Vehicles
Oct 3 2005 // Special insurance industry teams will be assisting Gulf Coast law enforcement and insurers in identifying and cataloging vehicles damaged by Hurricane Katrina to prevent their fraudulent resale to unsuspecting consumers in...
Miss. Attorney General Hood
Oct 3 2005 // Five major insurance companies were recently sued by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
Miss. AG Accuses Carriers of Cheating
Oct 3 2005 // Five major insurance companies were recently sued by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
How Did Catastrophe Models Weather Katrina?
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several...
After the Wreckage, Hurricane Katrina Spawns Lawsuits
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Hurricane Katrina: The Legal Saga Begins
Oct 3 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...
Competition, Regulation and Katrina a Concern at PLUS D&O Symposium
Oct 3 2005 // Wrapping up the PLUS D&O West Symposium held Sept. 13-14 in San Francisco, senior management personnel from insurers, brokerage firms, corporations and law firms concluded that competition is shaping the current and...
FEMA Tightens Policy on Flood Safety
Oct 3 2005 // A new federal policy outlined a week before Hurricane Katrina struck could force residents in hundreds of communities nationwide to buy flood insurance and halt construction in some low-lying areas, including parts of...
How Did Catastrophe Models Weather Katrina?
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several...
Fitch: Katrina Causes Unprecedented Challenges, Risks for P/C Insurers
Oct 3 2005 // The circumstances surrounding Hurricane Katrina are unprecedented in many ways, reports Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
Melancon to Join Taylor on Retroactive Flood Insurance Bill
Sep 30 2005 // U.S. Rep. Charlie Melancon of Louisiana said he will co-sponsor Rep. Gene Taylor’s legislation allowing home and business owners without flood insurance when Hurricane Katrina struck to receive compensation...
Munich Re Analyzes Katrina/Rita Impact; Insured Loss Around $40 Billion
Sep 28 2005 // Munich Re has issued a report on the impact of Hurricanes Katrina and Rita on the insurance industry. The world’s largest reinsurer said it “estimates total insured market losses at up to US$ 40 billion,”...
Okla. Officials Say Flooded Cars Could Come to State
Sep 28 2005 // Oklahoma Attorney General Drew Edmondson and Insurance Commissioner Kim Holland this week warned of yet another potential impact from the hurricanes that recently hit the gulf coast. Flood-damaged cars could soon be making...
Flood Insurance Rises In Sacramento
Sep 27 2005 // Flood insurance purchases are picking up in California’s Central Valley. While Sacramento doesn’t face the threat of hurricanes, it is a community protected by a dam and miles of aging levees. Communities...
Database to Track Cars Damaged by Hurricane Katrina
Sep 26 2005 // A new, expanded database to track vehicles flooded by Hurricane Katrina has been set up to prevent them from turning up on used car lots around the country, the Associated Press and New Orleans Times-Picayune...
