Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand
Jan 30 2023 // Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so far following severe storms and flooding in and around the biggest city,...
Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks
Jan 26 2023 // Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A startup technology company on Thursday launched a new global flood-risk data service that its founders...
Kentucky Officials Secure 2nd High-Ground Site for Flood Victim Relocation
Jan 26 2023 // State officials have secured another eastern Kentucky site with higher ground to build new homes for flooding victims. The 50-acre site is just a few miles from downtown Hazard, and the first-phase plan includes 150 new...
Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding
Jan 25 2023 // Moody’s RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500 million and $1.5 billion, including losses...
Davenport, Iowa Flood Mitigation Projects Set to Start This Year
Jan 24 2023 // DAVENPORT, Iowa (AP) – In late 2023, residents and business owners will see some of the first projects of Davenport’s flood mitigation plan under construction. The first phase of Davenport’s $165 million plan...
Few Homeowners Have Flood Insurance in Soaked California
Jan 23 2023 // On Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks and other residents of...
People Stranded at Arizona Park Due to Heavy Flooding Headed out
Jan 20 2023 // Some 300 campers stranded at a park near Tucson due to flooding from recent rain storms were headed back to dry land. Rangers at Catalina State Park were helping campers walk across the receding wash at the park’s...
AM Best: Historic California Flooding Highlights Need for Robust Private Flood Market
Jan 17 2023 // Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading states, according to AM Best. A new AM Best commentary notes the ongoing...
Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re
Jan 10 2023 // Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, warning that climate change was making storms more...
Fire Floods Wisconsin Dairy Plant With Butter
Jan 9 2023 // MADISON, Wis. (AP) – The state Department of Natural Resource is helping local government workers clean up after a fire flooded a dairy plant with butter. The fire broke out in a butter storage room at the Associated...
California Commissioner Alert Notes Coverage for Floods and Mudslides Caused by Wildfires
Jan 5 2023 // California Insurance Commissioner Ricardo Lara on Wednesday issued a formal notice to insurance companies reminding them of their legal duty to cover damage from any future mudslide or similar disaster that is caused by...
Federal Aid for Flood Damage going to Northern Arizona Tribe
Jan 3 2023 // President Joe Biden has approved a disaster declaration made by the Havasupai Tribe in northern Arizona, freeing up funds for flood damage as it prepares to re-open for tourists after nearly three years. The Federal...
Deaths, Flooding as Storm Hit Oregon And Washington State
Jan 3 2023 // A winter storm that brought powerful wind gusts to Oregon on last week was found to have caused at least two fatal car accidents that left four people dead, preliminary police investigations have found. Weather conditions...
Pennsylvania Helps Buffalo Clear Snow; State Acts on Insurance, Banks, Flood Risk
Dec 29 2022 // Like a good neighbor, the state of Pennsylvania is sending equipment and personnel to help neighboring Buffalo, New York, dig out from the recent deadly winter storm that dumped more than four feet of snow in the region...
Army Corps Questioned Over $52 Billion Flood Control Plan With Movable Barriers, Gates
Dec 13 2022 // PERTH AMBOY, N.J. (AP) — People are asking questions about a storm protection proposal for New York and New Jersey that would be among the most massive and costly flood control projects ever done in America, aiming to...
Officials Mark $2.5 Million for Kentucky River Flood Mitigation Study
Dec 8 2022 // After massive flooding inundated parts of eastern Kentucky in 2021 and again this year, state officials are looking for ways to mitigate the damage from future floods that are sure to come. Gov. Andy Beshear, a Democrat,...
FloodFlash Eyes Parametric Splash in U.S.
Dec 6 2022 // Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023. FloodFlash is set to begin offering parametric coverage for...
Neptune Flood Names Duffy Chief Risk Officer
Dec 6 2022 // Neptune Flood Insurance, based in St. Petersburg, Florida, has named Matthew Duffy chief risk officer, after he spent 18 months as the firm’s director of risk management and internal audit. Duffy, a certified...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Nov 28 2022 // Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM Best, the projected range...
FHA Opens Special Flood Areas to Private Insurers
Nov 22 2022 // The Federal Housing Administration (FHA) has announced regulations to allow mortgagors the option to purchase private flood insurance on FHA-insured mortgages for properties located in Special Flood Hazard Areas. Beginning...
