Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
AIG Private Client Group Adds to Excess Flood Coverage
Oct 28 2003 // AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), has expanded its Excess Flood Program to 17 additional states across the country, bringing the...
Pa. Agriculture Secretary Urges Farmers to Report Isabel, Flooding Damage Claims
Oct 22 2003 // Pennsylvania Agriculture Secretary Dennis Wolff has urged farmers who suffered crop damage due to Hurricane Isabel and recent flooding and windstorms to report their claims as soon as possible. “While damage to fruit...
CLAIMS FROM ISABEL EXPECTED TO APPROACH $1 BILLION:
Oct 20 2003 // U.S. insurers are likely to pay out close to $1 billion to help people whose homes, businesses and personal possessions were damaged by Hurricane Isabel, according to the Insurance Information Institute (I.I.I.). The...
PIA National Asking House to Pass Five Year Reauthorization of National Flood Program
Oct 10 2003 // The National Association of Professional Insurance Agents (PIA) is urging Congress to reauthorize the National Flood Insurance Program (NFIP). House Financial Services Committee Chairman Michael Oxley (R-Ohio) was to meet...
Disaster Recovery Center to Open in West Chester, Pa.
Oct 3 2003 // State and federal disaster recovery officials will open a Disaster Recovery Center (DRC) today for Chester County residents who sustained property damage in the severe storms and flooding associated with Tropical Storms...
RMS Updates Insured Loss Estimate for Hurricane Isabel to $600M
Sep 24 2003 // Risk Management Solutions (RMS) released a revised loss estimate of $600 million for wind-related claims from Hurricane Isabel, updating its initial estimate of $500 million released on Sept. 17. The company also reported...
Claims From Isabel Expected to Approach $1 Billion
Sep 22 2003 // U.S. insurers are likely to pay out close to $1 billion to help people whose homes, businesses and personal possessions were damaged by Hurricane Isabel, according to the Insurance Information Institute (I.I.I.) The storm,...
Excess Flood Coverage
Sep 22 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...
GlobeXplorer, CDS Business Mapping Partner to Provide Online Aerial Photography in Ins. Analysis
Sep 18 2003 // Walnut Creek, Calif.-based GlobeXplorer LLC announced an agreement with CDS Business Mapping LLC to provide online aerial photography for CDS’ insurance analysis packages. GlobeXplorer is a wholly-owned subsidiary of...
As Isabel Heads for N.C., Commissioner Urges Storm Readiness
Sep 17 2003 // With Hurricane Isabel threatening North Carolina’s coast, Insurance Commissioner Jim Long today released a comprehensive list of consumer tips to address questions frequently encountered by North Carolinians...
Check Home Cover in Path of Isabel
Sep 17 2003 // Property owners on the Atlantic seaboard who are bracing themselves for Hurricane Isabel should check their insurance coverage and take some basic precautions to secure their homes or businesses, advised the National...
Excess Flood Coverage
Sep 8 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...
Texas’ Costliest and Deadliest Storms
Aug 18 2003 // The Insurance Council of Texas (ICT) reported that among the state’s costliest and deadliest storms since 1950, a tropical storm that dropped more than three feet of rain on parts of Houston was the costliest weather...
Allianz Flood Claims Top $900 Million; Will Reduce BMW Stake
Aug 11 2003 // Germany’s Allianz announced that it has now processed nearly all of the claims from last summer’s floods in Germany and Eastern Europe, and has paid more than 805 million euros ($909.65). It also revealed plans...
ICT REPORTS ON TEXAS’ COSTLIEST AND DEADLIEST STORMS
Aug 4 2003 // The Insurance Council of Texas (ICT) reported the state’s costliest and deadliest storms since 1950. A tropical storm that dropped more than three feet of rain on parts of Houston was the costliest weather disaster...
Former San Antonio Councilman Disbarred for WC Fraud
Aug 1 2003 // Texas Mutual Insurance Company reported that the Texas State Bar has permanently disbarred Bernardo Eureste, a Houston attorney and former San Antonio city councilman. Eureste has not practiced law since June 2002, when he...
IIABA Supports Passage of Flood Reforms
Jul 25 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is applauding approval of flood insurance reform legislation by a House committee that will reportedly extend the program for five years and institute...
House Financial Services Committee Passes Flood Legislation
Jul 24 2003 // On Wednesday, the House Financial Services Committee, chaired by Rep. Michael G. Oxley, R-Ohio, favorably passed H.R. 253, the “Two Floods and You Are Out of the Taxpayers’ Pocket Act.” Sponsored by Rep....
Water Losses Flood Calif. Homeowners’ Market, Study Says
Jul 17 2003 // The cost of household water damage in California continues to grow at an alarming rate, while the volume of insurance claims being filed for water damage is climbing modestly, a new study has found. Remediation and...
ICT Reports on Texas’ Costliest and Deadliest Storms
Jul 14 2003 // The Insurance Council of Texas (ICT) today reported the state’s costliest and deadliest storms since 1950. A tropical storm that dropped more than three feet of rain on parts of Houston was the costliest weather...
