FEMA Transfers $758M in US Flood Program Risk to 27 Private Reinsurers January 21, 2025 The Federal Emergency Management Agency (FEMA) said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer...
$1.7B in Block Grants Awarded to North Carolina Governments for Helene Recovery January 10, 2025 ASHEVILLE, N.C. (AP) — North Carolina governments are receiving over $1.65 billion in federal block grant money to help address...
European Central Bank Pitches Plan to Boost Insurance Coverage for Climate Losses December 19, 2024 By Gautam Naik The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms...
Disaster Insurance Set to Test Italy’s Business Backbone in 2025 December 16, 2024 By Alberto Chiumento and Andrea Mandala Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some...
Flood Adaptation Preferable to Post-Disaster Rebuilding – And Helps With Insurability November 19, 2024 By L.S. Howard Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due...
NFIP to Begin Taking Monthly Flood Insurance Payments November 4, 2024 By Chad Hemenway The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of...
Helene-Caused IV Fluid Shortage to Affect Surgeries for Weeks October 30, 2024 By Tom Murphy Surgery schedules around the country may be washed out for several more weeks while a crucial IV and sterile fluids...
Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability October 30, 2024 By Christopher Graham Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for...
North Carolina Calculates Helene Damage at $58B, Far More than Florence October 25, 2024 By Gary D. Robertson RALEIGH, N.C. (AP) — The catastrophic flooding and destruction caused by Hurricane Helene in western North Carolina likely caused at...
Louisiana Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs October 24, 2024 By Ezra Amacher Louisiana Senator Bill Cassidy released a report Thursday critical of the National Flood Insurance Program’s adoption of Risk Rating 2.0....