Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Flood Appointed Michigan’s Insurance Director; Clinton Named State Treasurer
Oct 16 2013 // Ann Flood has been selected to lead the Michigan Department of Insurance and Financial Services upon the appointment of current Commissioner Kevin Clinton as state treasurer, the office of Gov. Rick Snyder announced. Kevin...
Mass. AG Proposes Limiting Amount of Mandatory Flood Insurance for Homeowners
Oct 16 2013 // In an effort to assist homeowners facing significant flood insurance increases due to FEMA’s updated and expanded flood zone maps, Massachusetts Attorney General Martha Coakley and the House Speaker Robert DeLeo have...
Florida Supports Mississippi Suit Against Flood Insurance Hikes
Oct 16 2013 // Florida officials plan to file a brief in support of Mississippi’s lawsuit against the federal government in an attempt to block flood insurance rate hikes called for under recent reform legislation. Gov. Rick Scott...
AIR Worldwide Analyzes ‘Significant Damage’ from Cyclone Phailin
Oct 16 2013 // According to catastrophe modeling firm AIR Worldwide “Very Severe Cyclonic Storm Phailin made landfall on the eastern coast of India near Gopalpur in Odisha.” AIR said it was a “large storm, with gale...
Rule on Requiring Lenders to Accept Private Flood Insurance Proposed
Oct 15 2013 // Five federal regulatory agencies are considering a rule that could boost sales of private flood insurance. The proposal would require lenders to accept private flood policies to satisfy the mandate that certain homebuyers...
AIR Worldwide Analyzes Typhoon Nari as it Crosses the Philippines
Oct 15 2013 // According to catastrophe modeling firm AIR Worldwide Typhoon Nari, aka Santi, made landfall in the Philippines, “as of 18:50 October 11, 2013 UTC (2:50 October 12, 2013 PHT; 14:50 October 11, 2013 EDT), just south of...
Normalcy Eludes Many a Year After Sandy Hit New Jersey
Oct 14 2013 // Bart Sutton fought with his insurance company for a year over what it would cost to rebuild his flood-damaged home, then gave up in frustration and tore it down. A week later, the money came through. Simone and Ken...
EQECAT President Paul Little on Cat Models – from the General to the Specific
Oct 11 2013 // EQECAT’s President Paul Little explains how cat models have evolved from the general to the specific and what’s now required to create good ones. He also foresees cellular technology – iPhones, Androids,...
With Rate Hikes Looming, Florida Weighs Private Flood Insurance Options
Oct 11 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...
Colorado Flood Spills Spur Review Of State Plans For Oil
Oct 9 2013 // As floodwater started to rise Sept. 11, some oil and gas operators began shutting wells and securing facilities. It would be five days before state regulators announced their own plans. “Did the state have a disaster...
Tulsa, Oklahoma Plan Includes $3.4M for Flood Control
Oct 9 2013 // Flood prevention work is among the main projects included in Tulsa, Okla.’s proposed $917.8 million capital improvements package. The plan that goes to voters on Nov. 12 includes $3.4 million to assess and begin...
September Economic Loss from Nat Cats $15 Billion: Aon Benfield Report
Oct 9 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released its latest monthly Global Catastrophe Recap report for September, which tallied the economic costs for the month at...
FEMA Extends Hotel Program For Colorado Flood Victims
Oct 8 2013 // Federal emergency officials have extended a program that helps residents displaced by last month’s flooding pay for hotel lodging. Bill Rukeyser, a spokesman for the Federal Emergency Management Agency, says the...
Storm System Karen Dissipates Off Gulf Coast
Oct 7 2013 // After days of slowing moving toward the Gulf Coast, the storm system Karen dissipated over the weekend. The National Hurricane Center in Miami says that as of Sunday morning, only remnants of Karen remained, and were...
Rising Flood Insurance Rates Frustrate Homeowners
Oct 7 2013 // As homeowners in the Northeast continue to rebuild nearly one year after Superstorm Sandy, they are now bracing for another obstacle: higher National Flood Insurance Program (NFIP) premiums. In accordance with the...
Insurance Industry Changes to Follow Wicked Colorado Weather
Oct 7 2013 // As the sun peeked out of the normally bright blue Colorado sky, homeowners and businesses began to assess the damage done by the 100-year flood, as weather experts have labeled the devastating rain that pummeled the...
Energy Industry Liability May Cover Contamination Claims from Colorado Flooding
Oct 7 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Nearly 2,400 square miles were saturated with water causing massive dislocation and loss of life....
I.I.I. on Business Insurance Lessons Learned From Sandy
Oct 4 2013 // The difficulty many businesses had reopening after Superstorm Sandy is a reminder of the importance of having a disaster recovery plan and the right type and amount of insurance, according to the Insurance Information...
Colorado Weighs Whether to Relocate Rivers After Flood
Oct 4 2013 // Coloradans are debating whether rivers that strayed as much as three-quarters of a mile in last month’s floods can or should be moved back to their old channels. Irrigation companies that pull water from rivers for...
First Superstorm Sandy Home Buyout Set to Close in New York
Oct 4 2013 // Even when Superstorm Sandy killed their neighbors and flooded their house, Frank and Mary Lettieri vowed to stay in the Staten Island, New York, home where they raised five children. But with a popular home buyback program...
