Flood Insurance News

Texas A&M Study: Better Science, Urban Planning Needed in Coastal Cities

The field of urban planning is gaining interest as cities around the world, including Houston, are facing increased exposure to weather-related risks and hazards ranging from sea level rise and flooding to temperature build-up and urban heat island effect. Philip …

Foreclosure Fears Rise in Texas with Jump in Late Mortgages After Harvey

As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: “I don’t know.” …

Keeping Flood Insurance Above Water: Commentary

With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform Act has passed the House and moved to …

Prospect General Offering Admitted Residential Flood Product in Illinois

Prospect General Insurance Agency (Prospect General) has launched its admitted residential flood insurance product, Flood Guard, in Illinois. Written through Palomar Specialty Insurance Co., Flood Guard provides residential flood coverage as an alternative to the National Flood Insurance Program (NFIP). …

Top Insurance Journal South Central Stories of 2017

Among the most read news stories in Insurance Journal’s South Central region during 2017 concerned Hurricane Harvey and Texas hailstorm (aka natural catastrophe insurance claims) legislation. The insurance industry in Texas for years has been pushing for legislation aimed at …

Studies: Global Warming Tripled Likelihood of Harvey’s Deluge

Global warming’s fingerprints were all over the record rainfall from Hurricane Harvey this year, confirming what scientists suspected, according to new research discussed on Dec. 13 during the American Geophysical Union meeting in New Orleans. While scientists say man-made climate …

Economist: Hurricane Harvey’s Impact Will Guide Future Development in Houston

A Houston business group said on Dec. 8 that Hurricane Harvey’s biggest long-term impact on the nation’s fourth-largest city likely will be on where and how new homes and structures are built. The results of Harvey’s flooding will likely guide …

How Much Harm Did Harvey Do to Texas Homes?

Note: This story originally appeared in The Texas Tribune. As the state undertakes what could be the biggest housing recovery in American history after Hurricane Harvey, potentially thousands of Texas renters and homeowners trying to rebuild their lives are in …

Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters

Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling continues to improve, weather stations more …

Austin American-Statesman: Texas Has 100s of Substandard Dams in Populated Areas

The earthen dam on the outskirts of Georgetown in Texas’ Williamson County certainly does not look flimsy. The Austin American-Statesman reports at 35 feet high and nearly a third of a mile long, it has done a reliable job of …