flood resilience News

Insurance Losses From Sydney Floods Approach A$100M: ICA

Insurers have received 8,415 claims as a result of July’s floods in Sydney, carrying an initial estimated insurance price tag of A$97.9 million (US$66.8 million), according to the Insurance Council of Australia (ICA). The ICA said 84% of the claims …

Update: Heavy Rains Ease Over Sydney but Floods Continue to Force Evacuations

A wild storm system has moved away from Sydney after pounding Australia’s largest city with four days of torrential rain, satellite images showed on Wednesday, although river waters stayed above danger levels, forcing more evacuations. The year’s third major flooding …

What Is Causing Australia’s Incessant Rain?

MELBOURNE — Torrential rain is lashing Australia’s southeast coast, forcing thousands of people from their homes because of the danger of floods and landslides in a region battered by major flooding four times in the past 18 months. Some areas …

How Addressing Socioeconomic Inequality Is Key to Building Flood Resilience

This content first appeared in BRINK. BRINK is supported by Marsh McLennan Advantage and managed by Long Dash. It is republished here with permission. Flooding is the most pervasive among natural disasters. According to the Zurich Flood Resilience Alliance, floods …

UK’s Flood Re Launches Scheme to Help Homowners Raise Resilience Against Floods

Flood Re, the joint initiative between the UK insurance industry and the UK government to promote the availability and affordability of flood insurance, has launched a proposition designed to ensure homes are more resilient against flooding. Starting in April, participating …

Flood Re Tours UK With ‘Floodmobile’ Before COP26 to Highlight Flood Resilience

Flood Re, the joint initiative between the UK government and insurance industry to help make home flood insurance more affordable, has been touring flood-prone cities in the UK to highlight the resilience measures that residents and businesses can install to …

UK Plans to Spend $6.6 Billion on Building Flood Defenses Through 2027

Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the plan, billed as “the most comprehensive in a decade,” …

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 …

Zurich’s Flood Resilience Alliance Extended to Generate Additional Funding of $1B

Zurich Insurance Group announced that after five successful years its flood resilience alliance will be extended until 2023. In the last five years, a multi-sector alliance comprising the non-governmental organization (NGO) sector, academia and Zurich’s risk management experts has focused …

Texas Developers’ Use of Fill for Flood Resilience Scrutinized Post-Harvey

Texas home developers’ practice of using dirt to raise homes above a flood plain is drawing increased scrutiny as experts question flood resilience measures after Hurricane Harvey. Some experts argued using dirt, or fill, reduces storage for stormwater and worsens …