Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Aon Benfield’s Impact Forecasting Models Sandy Storm Surge
Oct 28 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced that it is “helping insurers and reinsurers prepare for current and future U.S. hurricane seasons with its...
Schumer: Sandy Victims Need More Time to Challenge NFIP Payout Amounts in Court
Oct 25 2013 // Two U.S. senators representing New York State, Sen. Charles Schumer and Sen. Kirsten Gillibrand, this week called on Federal Emergency Management Agency (FEMA) to extend the statute of limitations for Sandy victims seeking...
After Sandy, Only a Lucky Few Getting Buyouts
Oct 25 2013 // The forces of nature had been threatening the Oakwood Beach neighborhood in Staten Island, New York City, for years, flooding the streets every time it rained, sending crabs skittering into bungalows and swamping basements...
Sandy Left-Behinds Brace for Second Year With Relief Elusive
Oct 25 2013 // For more than a half-century, Whitey’s Landing on New Jersey’s Barnegat Bay has served boaters pulling up for engine repairs or clams from the bait freezer. This season, only one-third of its 30 moorings were...
Louisiana Lawmakers Urged to Act on Flood Insurance Rate Hikes
Oct 24 2013 // Louisiana lawmakers are being urged to reach out to their colleagues in other states, to draw more attention to dramatic rate increases in flood insurance costs around the nation. Don Cravins, chief of staff for U.S. Sen....
Flood Insurance Price Increases Affecting Home Sales
Oct 24 2013 // Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium would remain about the same. After reading recently about a change in the federal...
A Year After Sandy, a Slow Recovery for Thousands
Oct 24 2013 // A year after Superstorm Sandy catastrophically flooded hundreds of miles of eastern U.S. coastline, thousands of people still trying to fix their soaked and surf-battered homes are being stymied by bureaucracy, insurance...
North Dakota Town Pursuing Scaled-Down Flood Control Project
Oct 23 2013 // Officials in Grafton are pursuing a scaled-down project that would provide flood protection for at least some of the northeastern North Dakota city because of diminishing prospects for a larger, federally funded...
Hannover Re Sees Higher Rates in Germany on Floods, Hailstorms
Oct 23 2013 // Hannover Re, the world’s third largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year’s flooding and hailstorms, which led to the most costly claims in 30...
Louisiana Legislature Plans Flood Insurance Meeting
Oct 22 2013 // The Louisiana Legislature’s insurance committees have scheduled an Oct. 23 meeting to discuss what can be done to help residents facing skyrocketing flood insurance increases. Changes in the National Flood Insurance...
Thai Floods Force Closure of 17 Factories in Industrial Zone
Oct 22 2013 // Seventeen factories were temporarily shut on Monday in a major Thai industrial zone dominated by foreign companies, after flood waters blocked nearby roads, a senior official said. But the official did not identify the...
For Some Sandy Victims, Flood Insurance Payouts Fall Short
Oct 21 2013 // Many homeowners who got slammed by Superstorm Sandy are finding their flood insurance checks are nowhere near large enough to cover their repairs, and consumer advocates put some of the blame on errors by the multitude of...
Study: Due to Rising Sea Levels, Small Storms Could Produce Significant Flooding
Oct 21 2013 // Almost a year after Superstorm Sandy, parts of New York and New Jersey are still recovering from billions of dollars in flood damage. And a new study says that in the future, storms smaller than Sandy may be able to...
Europe 9 Month Nat Cat Losses $23 Billion+; Trending Upwards: Munich Re
Oct 21 2013 // A report from Munich Re estimates that losses due to natural catastrophes totaled €17 billion [$23.24 billion] in Europe in the first nine months of 2013, “dominated by flood losses, which accounted for a share of...
Is Private Market an Option for Florida Flood Insurance?
Oct 21 2013 // With thousands of Florida homeowners facing significant increases in their federal flood insurance premiums, state lawmakers are considering ways to open up the market to private insurers. Industry experts, however, say...
Members of Aon Benfield’s Analytics Team Explain Cat Models
Oct 18 2013 // “Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions,” said John Moore, the head of International Analytics operations. He’s responsible for...
Vermont to Get More Money to Stem Future Flood Damage
Oct 18 2013 // Vermont is in line to receive up to an estimated $4 million in additional funding to help reduce future flood damage, and communities have just over a month to apply for the money, which can be used for such projects as...
Allianz: A Year After Sandy, Many Firms Still Haven’t Implemented Adequate Changes
Oct 18 2013 // As the one-year anniversary of Superstorm Sandy approaches in late October, Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), warns that while there is heightened...
Application Process Opens for Minot Flood Grants
Oct 17 2013 // Homeowners in Minot, N.D. affected by the Souris River flooding in 2011 can begin applying for grants to help with repair costs, while the city prepares to buy out more homes to make way for a flood protection project. The...
Colorado Launches Website For Flood Information
Oct 17 2013 // Gov. John Hickenlooper has announced a new website that will provide information about recovery efforts related to flooding in Colorado last month. The website, ColoradoUnited.com, includes recovery news, current...
