Hurricane Harvey flood losses News

Key House Chairman Wants Flood Insurance Reforms, Not Just Renewal

A key Republican said Hurricane Harvey will spur Congress to reach a deal to fund the nation’s flood insurance program before it expires next month, even though divisions persist over how much the federal government should be on the hook …

Harvey’s Catastrophic Costs Mount; Many Lack Adequate Insurance

Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe — with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates. Harvey’s …

Hurricane Harvey’s Flood Insurance Losses Could Match Katrina’s

Flood damage in Texas from Hurricane Harvey may equal that from 2005’s Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday. As heavy rain pounded Houston and Texas’s coastal counties, the Insurance Information …