Flood Insurance News

Government-Produced Flood Maps May Have Underestimated Properties at Risk

First Street Foundation, a nonprofit agency, is making accurate climate change-adjusted flood scores available for every property in the U.S. today. There are government-produced maps showing 8.7 million homes and properties at significant flood risk—and it turns out those may …

Dam Failures Cause $200M in Damage; Michigan Seeks Disaster Declaration

Michigan Gov. Gretchen Whitmer is requesting a federal disaster declaration for the Midland area, where a failure of two dams destroyed 150 houses and caused more than $200 million in damage. Under a disaster declaration, Whitmer said she hopes to …

Guest Post: Looming Large: Liability for Flood Losses

Thanks to Friend of the Academy of Insurance, Joe Harringon, for this guest post. Joe is an independent business researcher and writer specializing in property and casualty coverages. He is also a regular instructor with the Academy of Insurance. As …

Neptune Flood, Plymouth Rock to Offer Flood Coverage in Northeast

Neptune Flood, an AI-driven flood insurance company, has partnered with Northeastern auto and home insurance provider Plymouth Rock Assurance to offer flood insurance coverage through its network of independent agents. Plymouth Rock provides coverage to drivers and property ownersa cross …

Maine Insurance Superintendent Encourages All Mainers to Purchase Flood Coverage

Maine Insurance Superintendent Eric Cioppa is encouraging all Mainers to consider purchasing flood insurance, even those who live outside of federally designated flood zones, as the 2020 Atlantic hurricane season is underway. The Atlantic hurricane season officially runs between June …

Top 100 Cities: 6 in 10 Homes in High-Risk Flood Zones Lack Flood Insurance

As the Atlantic hurricane season approaches, and central Michigan experiences severe flooding, a new report analyzing 100 of the largest U.S. cities shows where homeowners face the greatest financial risk and exposure to flooding. According to the personal financial website …

Chubb Not Responsible for Superstorm Sandy Damage to Two Insureds’ Homes

A New Jersey appeals court has upheld a trial court’s ruling that Chubb Insurance Co. is not responsible for damages to two insureds’ homes caused by Superstorm Sandy because of a flood exclusion in their policies. In October 2012, Superstorm …

Willis Research Network Partners with ‘Cloud to Street’ to Raise Flood Resilience

The Willis Research Network (WRN) has formed a new partnership with “Cloud to Street,” a global flood-mapping and monitoring platform that aims to help governments, humanitarian organizations and private sector actors increase resilience to catastrophic flooding. The partnership will leverage …

Corps Says Some Midwest Levees Damaged in 2019 Still Vulnerable

With flood concerns already high in the Midwest, the U.S. Army Corps of Engineers is warning that many levees on the Missouri and Kansas rivers that were damaged during devastating floods last spring remain vulnerable to high water. The National …

Favorable Flood Forecast Offers Relief to Parts of Minnesota

While leaders in Fargo and Moorhead, Minnesota, have been taking steps to limit the coronavirus, it appears they won’t have to deal with a significant flood on top of the pandemic. Fargo Mayor Tim Mahoney tells KFGO radio that a …