Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
GIA Among the Agencies of the Year at National Flood Conference
Jul 14 2003 // Galveston Insurance Associates of Galveston, Texas reported that it was recently selected as one of three Federal Insurance & Mitigation Administration’s 2002 Agencies of the Year. The award recognizes agencies...
Marshall & Swift Partners with FloodSource
Jul 10 2003 // FloodSource, a Fort Worth-based provider of flood data and flood hazard determination systems, announced that Marshall & Swift (M&S) has integrated FloodSource’s online flood maps directly with...
Swiss Re CEO Says Reinsurance Prospects Favorable
Apr 21 2003 // Swiss Re’s CEO said recently that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the Property/ Casualty reinsurance market. John Coomber joined...
Swiss Re CEO Says Reinsurance Prospects Favorable Despite Current Capital Market Weakness
Apr 10 2003 // Swiss Re’s CEO said Wednesday that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the property & casualty reinsurance market. John Coomber...
Fiserv, Inc. Pens Definitive Agreement to Purchase Insurance Mgt. Solutions Group, Inc.
Apr 10 2003 // Fiserv, Inc. and Insurance Management Solutions Group, Inc. announced the signing of a definitive agreement whereby Fiserv will acquire Insurance Management Solutions Group, Inc. (IMSG). Upon shareholder approval and...
Fiserv to Acquire Insurance Management Solutions
Apr 9 2003 // Brookfield, Wis.-based Fiserv Inc. and Insurance Management Solutions Group Inc. announced the signing of a definitive agreement whereby Fiserv will acquire Insurance Management Solutions Group Inc. (IMSG). Upon...
National Interstate Offering Flood Insurance
Apr 7 2003 // National Interstate has been recently approved to act as a Write Your Own (WYO) carrier for the NFIP’s Flood Insurance Program in all 50 states. They are currently seeking agencies of all sizes to write Flood...
SWISS RE SIGMA STUDY PUTS 2002 CAT LOSSES AT $13.5B
Apr 7 2003 // A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the industry at $13.5 billion, $1.5 billion more than the company’s preliminary estimates released...
IIABA’S Willey Testifies Regarding National Flood Ins. Program
Apr 2 2003 // Expressing strong support for the National Flood Insurance Program (NFIP) and presenting five principles that should be the focus of reform efforts, J. Fletcher Willey testified on behalf of the Independent Insurance...
Munich Re Issues 2002 Natural Catastrophe Study; L.A., S.F. are High Risk
Mar 24 2003 // Munich Re has issued a new survey report – “topics Natural Catastrophes 2002.” The study found that “storms and floods have an even greater impact on insurers’ claims burdens than in the year...
TRIA-a Flood of Paper, a Trickle of Buyers
Mar 24 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
Allianz Posts $1.28 Billion 2002 Loss; Cites Write-downs, Dresdner, Flood Losses
Mar 20 2003 // Germany’s Allianz AG joined the parade of big insurance companies that had a very bad year in 2002. For the first time since the end of the Second World War Europe’s largest insurer posted an annual loss, and...
Swiss Re sigma Study Puts 2002 Cat Losses at $13.5 Billion
Mar 13 2003 // A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the insurance industry at $13.5 billion, $1.5 billion more than the company’s preliminary...
Munich Re Issues 2002 Natural Catastrophe Study; L.A., S.F. are High Risk
Mar 11 2003 // Munich Re has issued a new survey report – “topics Natural Catastrophes 2002.” The study found that “storms and floods have an even greater impact on insurers’ claims burdens than in the year...
TRIA – a Flood of Paper, a Trickle of Buyers
Mar 10 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
RMS Reconstructs Losses from U.K.’s 1953 Floods
Jan 31 2003 // California-based Risk Management Solutions, Inc., one of the world’s leading providers of products and services for catastrophe risk management, announced that it has released an in-depth study, “revealing the...
Philadelphia Insurance Companies Website Wins Flood Public Awareness Award
Jan 28 2003 // The Philadelphia Insurance Companies announced that its website has won the “Flood Public Awareness award” at the National Flood Conference held in New Orleans. “The annual flood conference, held by The...
IIABA Praises President for Reauthorization of Flood Insurance Program
Jan 14 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is commending the responsiveness of Congress and President Bush for approving legislation that reauthorizes the National Flood Insurance Program...
Excess Flood
Jan 13 2003 // Nuts & Bolts: SWBC is offering excess flood for high-value homeowners and commercial buildings. Dollars: Policy limits up to $10 million for the building and up to $1 millon for contents. Carrier: Lloyds of...
Fraud, Leaving its Prints on the Industry
Jan 13 2003 // Fraud, in all forms, is as old as the industry itself. Given a struggling economy, the temptation to create fraud against or within the industry has been on the upswing recently. According to Jim Quiggle, director of...
