Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Natural Disasters More Severe and More Costly
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
PCI to Testify at Md. Hurricane Claims Briefing
Jan 26 2004 // The Property and Casualty Insurers Association of America and two of its member companies are scheduled to testify at Tuesday’s legislative briefing in Maryland on insurance aspects related to Hurricane Isabel. PCI...
IIABA Outlines Legislative Agenda for 2004
Jan 26 2004 // With the start of the New Year and the beginning of a new session of Congress only a few weeks away, the Independent Insurance Agents and Brokers of America (IIABA) is rolling out its legislative agenda for 2004. Top...
IIABA Notes Legislative Agenda for New Year
Jan 26 2004 // With the start of the New Year and the beginning of a new session of Congress only a few weeks away, the Independent Insurance Agents and Brokers of America (IIABA) is rolling out its legislative agenda for 2004. Top...
Natural Disasters More Severe and More Costly
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
IIABA Notes Legislative Agenda for New Year
Jan 13 2004 // With the start of the New Year and the beginning of a new session of Congress only a few weeks away, the Independent Insurance Agents and Brokers of America (IIABA) is rolling out its legislative agenda for 2004. Top...
Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses
Dec 30 2003 // Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent...
Flood Insurance Program Gets Three-Month Extension
Dec 15 2003 // The major changes Congress has in mind for the National Flood Insurance Program are still on the table, as both the House and Senate voted to extend the program as is for only three months to allow time to hammer out an...
Excess Flood Coverage
Dec 15 2003 // Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has expanded its Excess Flood Coverage to 17 additional states across the...
Flood Insurance Program Gets Three-Month Extension
Dec 15 2003 // The major changes Congress has in mind for the National Flood Insurance Program are still on the table, as both the House and Senate voted to extend the program as is for only three months to allow time to hammer out an...
President Bush Inks Short-term Extension of Flood Insurance Program
Dec 12 2003 // President George W. Bush signed into the law the “National Flood Insurance Program Reauthorization Act of 2004,” to extend the National Flood Insurance Program (NFIP) without any changes, until March 31,...
SCOR Back on Broker’s Lists; Expects Minimal Impact from Floods
Dec 12 2003 // France’s SCOR Group has issued an announcement indicating that its securities are once again “back on the security lists of the main brokers.” The company also said that the recent flooding in Southern...
Floods Cause Death and Disaster in Southern France
Dec 4 2003 // Torrential rains, which have been falling on Southern France for almost a week, have caused heavy flooding in the region, resulting in five reported deaths, bringing road and rail transport to a standstill and halting most...
PIA National Applauds Three-Month Reauthorization of National Flood Insurance Program
Nov 28 2003 // The National Association of Professional Insurance Agents (PIA) this week applauded action by Congress to reauthorize the National Flood Insurance Program (NFIP) for three months, until March 31, 2004, to allow more time...
NAMIC Applauds Passage of Flood Reform
Nov 24 2003 // The House of Representatives voted overwhelmingly last week to reform and reauthorize the National Flood Insurance Program (NFIP) before the program expired at year end. H.R. 253, the “Two Floods and You Are Out of...
Md. Commissioner Urges Agents to Attend National Flood Insurance Workshops
Nov 21 2003 // Maryland Insurance Commissioner Alfred Redmer, Jr., is encouraging Maryland agents to take advantage of the free two-hour workshops being offered by the National Flood Insurance Program (NFIP) on Nov. 24-25. The workshops...
Seibels Bruce Group Unveils Q3 Numbers; Focuses on Strategically Growing Business
Nov 17 2003 // The Seibels Bruce Group, Inc. announced financial results for the quarter that ended Sept. 30, 2003 and other matters. For the third quarter of 2003, the South Carolina-based company reported a net loss of $1.5 million or...
Excess Flood Coverage
Nov 3 2003 // Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has introduced excess flood coverage to support insureds in the event of...
PIA National Applauds Senate Vote on Reauthorizing National Flood Program, Calls on House to do Likewise
Oct 30 2003 // The National Association of Professional Insurance Agents (PIA) this week applauded action by the Senate to reauthorize the National Flood Insurance Program (NFIP) and called on the House of Representatives to quickly...
Senate Passes Bill to Reauthorize Flood Program
Oct 30 2003 // The Senate this week passed by unanimous consent agreement S. 1768, the “National Flood Insurance Program Reauthorization Act of 2004.” The bill, introduced by Senator Jim Bunning (R-Ky.) and Senator Richard...
