Floods News

Flash Floods Tear Through Towns in SW France, Killing at Least 7 People

Flash floods tore through towns in southwest France, turning streams into raging torrents that authorities said killed at least seven people and seriously injured five others. Some people had to be helicoptered to safety from the roofs of their homes …

Natural Disasters in September Bring Costliest Damages to Date for 2018: Aon Report

Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from Aon’s Impact Forecasting team. September is typically the busiest month for tropical cyclone activity around the globe – and 2018 …

Airport Operators Take Action Against Rising Seas, Powerful Storms as Climate Changes

Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest in measures including higher runways, seawalls and better drainage systems to future-proof immovable assets. In early September, a seawall at …

Low-Level Airports at Risk from Flooding by Rising Sea Levels: Opinion

The sight of a flooded Kansai International Airport and 3,000 stranded people after Typhoon Jebi slammed into southern Japan this week should be a warning to the world’s infrastructure investors. Airports have been a highly rated asset class over the …

AIR Worldwide Estimates Insured Losses from Japan Floods Could Reach US$4B

Industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between JPY284 billion (US$2.6 billion) and JPY423 billion (US$4.0 billion), according to Boston-based catastrophe modeling firm AIR Worldwide. …

Extreme Weather Risk Grows as Warming Earth Disrupts High-Altitude Winds: Study

Scorching summer heatwaves and downpours are set to become more extreme in the northern hemisphere as global warming makes weather patterns linger longer in the same place, scientists said on Monday. They said there was a risk of “extreme extremes” …

India Hit with Worst Floods in Century, Bringing Damages of $3B, 350-Plus Deaths

Some 800,000 people have been displaced and over 350 have died in the worst flooding in a century in southern India’s Kerala state, as authorities rushed to bring drinking water to the most affected areas, officials said Sunday. At least …

Philippine Flooding Kills at Least 6, Displaces Many Thousands

At least six people died and tens of thousands fled their homes as monsoon rain triggered flooding in the Philippine capital and nearby areas, reminiscent of the deadly Typhoon Ketsana nine years ago. About 1.1 million people have been affected …

July’s Droughts, Wildfires, Floods Caused Billions in Global Economic Losses: Aon

Many countries across the globe saw worsening in drought-related and wildfire conditions during July, which have led to hundreds of deaths and created a significant financial impact – particularly in the agriculture, forestry, water management and fisheries industries. This was …

PEAK6 Acquires Aon’s National Flood Services

PEAK6 Investments LP announced it has acquired National Flood Services (NFS) from Aon plc. NFS is a provider of business process services in flood insurance. According to a statement, the firm support nearly 87,000 active flood agents with 550 employees …