Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Severe Weather in Canada Cost Insurers C$1.9 Billion in 2018: IBC
Jan 17 2019 // Insured damage from severe weather events across Canada reached C$1.9 billion (US$1.4 billion) in 2018, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification...
Cabrillo Coastal Launches Flood Coverage for Dwelling Fire Policies in Florida
Jan 17 2019 // Cabrillo Coastal General Insurance Agency launched a flood endorsement for new or existing dwelling fire policies for its admitted program in Florida. The coverage follows Cabrillo Coastal’s launch of a flood...
Berkley One Expands into Florida, Ohio; Adds Flood Insurance in Select States
Jan 15 2019 // Berkley One, a startup insurance provider targeting the high net worth personal lines market, has expanded into Florida and Ohio. Working with select independent agents, Berkley One offers home, automobile, fine art and...
Des Moines Buying 78 Flood-Damaged Homes
Jan 14 2019 // Des Moines, Iowa, has spent about $10.5 million to buy 78 homes damaged by June’s flash flooding, and officials hope the move will prevent future flooding issues. Most of the residences are situated along Fourmile...
After 2018 Flooding, Mitigation a Priority for 2 Wisconsin Counties
Jan 14 2019 // Two neighboring counties in southern Wisconsin are taking steps to address last year’s widespread flooding that drenched streets, damaged homes and caused lakes to spill over. Dane County has budgeted more than $18...
Bill Would Prevent Texans from Unknowingly Buying Homes in Flood-Prone Areas
Jan 14 2019 // State Sen. Joan Huffman, R-Houston, has legislation that would require sellers of residential properties to notify buyers if a property is located in a flood-prone area — and whether it has previously flooded. Senate...
AmWINS to Acquire The Flood Insurance Agency
Jan 14 2019 // Specialty insurance broker AmWINS Group has agreed to acquire The Flood Insurance Agency, a Florida-based managing general agency that specializes in private market flood insurance. Scott M. Purviance, chief executive...
Global Reinsurance Capital Is Resilient Despite Losses of $230B over 2 Years: Aon
Jan 11 2019 // Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to US$595 billion from $605 billion in 2017, remaining resilient in the face of insured natural catastrophe losses of...
Winter Storms Cause Lower Mississippi River Flooding
Jan 10 2019 // For the second time in three years, the lower Mississippi River is flooding in January. High water is moving downriver from the junction with the Ohio River at Cairo, Illinois, where the Ohio crested over the weekend. The...
Texas Insurance Department Recommends Flood Disclosure on Property Policies
Jan 9 2019 // In its 2018 Biennial Report, the Texas Department of Insurance made several recommendations to the legislature regarding issues the agency believes are worth looking at by lawmakers in the 2019 legislative session. One, at...
Tennessee Insurance Head McPeak Talks Leading NAIC, Priorities Under New Gov
Jan 9 2019 // Tennessee Insurance Commissioner Julie Mix McPeak’s tenure as president of the National Association of Insurance Commissioners (NAIC) may have come to an end, but her work as an insurance regulator will continue for...
California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re
Jan 8 2019 // The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael topping the list, according to Munich Re. A report from Munich Re on last...
The Co-Operators Offers Storm Surge Cover for Homeowners Across Canada
Jan 7 2019 // Montreal-based Co-operators is offering storm surge insurance for homeowners in Quebec and Manitoba, which completes the company’s product rollout to Canadian homeowners from coast to coast. Co-operators described...
New House Finance Chair Waters Under Pressure; Flood Insurance on Bipartisan Agenda
Jan 7 2019 // As Maxine Waters takes the gavel of the powerful House Financial Services Committee, it’s not clear whom she’ll end up disappointing more: business-friendly Democrats or progressive Democrats. Conservative...
Central Mississippi Hit by Flooding from Heavy Rains
Jan 7 2019 // Parts of Mississippi continue to deal with river flooding as rains continue to fall. The National Weather Service had a flood warning through Sunday night for Tallahala Creek at Laurel in Jones County. A warning was also...
East States See Health, Flood Coverages as Key in 2019 with Insurtech, Recruitment Raising Concerns
Jan 7 2019 // From big data and blockchain to autonomous vehicles and new technology that isn’t yet on the radar, “change is inevitable” for the insurance industry in 2019. “Insurance companies, insurance...
Southeast Officials Focus on Curbing Fraud, Rising Auto Rates, Flood Insurance, and Distracted Driving
Jan 7 2019 // For the seventh year in a row, the Florida insurance industry, regulators, and consumer advocates will push for reforms to the state’s assignment of benefits issue that has now become an insurance crisis, according...
Declarations
Jan 7 2019 // Caution Advised “I encourage New Yorkers to exercise caution when disclosing sensitive personal information.” — New York Attorney General Barbara D. Underwood warned in a press release announcing that a...
3 Reasons Recovery from Hurricane Florence is Different from Hurricane Michael
Jan 7 2019 // Lessons from Past Storms and Economic Changes Suggest Rebuilding Efforts After Florence Will Be Arduous As the saying goes – location is everything. Following the two largest U.S. hurricanes this year, Hurricane...
Southern California City Asking Residents for Suggestions on Battling Climate Change
Jan 3 2019 // The city of Long Beach, Calif. is soliciting help from its citizens to come up with a plan to deal with climate change. The coastal city of roughly half-a-million, which was an early adopter of the ban on plastic bags and...
