Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Flood Rating 2.0 Begins April 1 for NFIP Renewals, Hiking Premiums for 2 Million Homes
Mar 31 2022 // Starting April 1, property owners in low-lying areas across the country will see their premiums increase when they renew their flood insurance policies, thanks to the federal government’s new flood-risk rating...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re
Mar 30 2022 // More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured losses stood at slightly more than US$20 billion – more evidence of a large ongoing global...
March 2021 Floods in New South Wales, Queensland Cost Insurers A$688M: PERILS
Mar 28 2022 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final industry loss estimate for the New South Wales and Queensland floods, which...
The National Alliance Launches NEW Self-Paced Courses: Intro to Commercial/Personal Lines, Flood, Ethics, Workers Compensation
Mar 24 2022 // Austin, TX., March 24, 2022 – The National Alliance for Insurance Education & Research has launched five self-paced insurance license renewal and introductory classes on the topics of Ethics, NFIP Flood Exposures,...
Flood Specialist reThought Provides Resources for Understanding NFIP Risk Rating 2.0
Mar 23 2022 // Broomfield, CO., March 23, 2021, – Insurtech MGA reThought Insurance (‘reThought’) is offering rate reviews for flood insurance brokers poised to see unspecified rate adjustments from the National Flood...
Washington Addressing Flooding That Has Displaced Residents Near Border
Mar 21 2022 // U.S. and Canadian government leaders have agreed to work together to address flooding near the northwest Washington state border with Canada on the Nooksack River. The Bellingham Herald reported Washington state Gov. Jay...
Minnesota Officials Propose Flooding Infrastructure Improvements
Mar 16 2022 // Local officials and area representatives gathered recently in a sunroom by Lake George to discuss the need to invest in local infrastructure as more frequent and heavy rain events caused by climate change strain aging...
HUD: Texas Agency Discriminated in Hurricane Harvey Flood Relief Funding
Mar 10 2022 // Texas’ administration of flood relief money from Hurricane Harvey broke federal law by discriminating against Black and Hispanic residents in the Houston area, according to a decision by the federal housing agency...
Sydney Faces ‘Tough 24 Hours’ as Floods Force Evacuations
Mar 8 2022 // Flood warnings stretched across Australia’s east coast on Tuesday and tens of thousands of Sydney residents fled their homes as torrential rains again pummeled the country’s largest city, flooding several big...
Property, Motor Vehicle Insurance Claims From Severe Australia Floods at A$900M and Rising
Mar 4 2022 // Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and New South Wales. Based on previous flood events, the Insurance Council of...
Report: Nearly a Third of U.S. Hazardous Chemicals Facilities Exposed to Climate Change Dangers
Mar 3 2022 // A report from the Intergovernmental Panel on Climate Change stating that climate change is leading to increasingly irreversible impacts, with a narrowing window to adapt to it, is garnering a lot of reaction. The IPCC...
Record Floods on Australia’s East Coast Have Cost At Least 14 Lives
Mar 3 2022 // Sydney was preparing on Wednesday for dangerous flash flooding as population centers farther north began a massive cleanup operation after record floods that have claimed at least 14 lives along Australia’s east...
Louisiana Lawmaker to Hold Flood Insurance Program Townhall
Mar 2 2022 // Louisiana Congressman Garret Graves, St. Charles Parish President Matthew Jewell, FEMA representatives, and members from the St. Charles Parish Council will host a townhall meeting on Thursday, March 3, 2022, 6:00 PM to...
Flash Floods Threaten 126,000 Commercial Buildings in London, and Risk Will Worsen
Feb 25 2022 // More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat. Those are the findings of a new study by Zurich Insurance Group, which mapped every commercial and...
Update: Devastating Mudslides, Floods Bring Rising Death Toll in Brazil
Feb 18 2022 // PETROPOLIS, Brazil (AP) – Rio de Janeiro state’s government has confirmed 105 deaths from floods and mudslides that swept away homes and cars in the city of Petropolis. But even as families prepared to bury their...
Climate Change Could Push Flood Losses in U.S. to $40B by 2050
Feb 17 2022 // Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research. The research, led by the University of Bristol and published in Nature Climate...
Detroit Program to Target Basement Flooding During Intense Storms
Feb 15 2022 // Detroit is starting a program to reduce chronic basement flooding during intense storms. The program initially will target two neighborhoods and later expand to others, Mayor Mike Duggan said. The strategy follows major...
People Moves: Burns & Wilcox Adds 5 to Private Client and Flood; AmTrust Forms New E&S Leadership Team Led by Bublitz
Feb 14 2022 // Wholesale insurance broker Burns & Wilcox has added five new associates across the country to its private client and flood teams within its Personal Insurance practice group. The professionals joining Burns &...
Program in Michigan Targeting Basement Flooding from Storms
Feb 14 2022 // Detroit is starting a program to reduce chronic basement flooding during intense storms. The program initially will target two neighborhoods and later expand to others, Mayor Mike Duggan said. The strategy follows major...
Parametric Insurtech Startup FloodFlash Raises $15M for International Expansion
Feb 11 2022 // FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based Buoyant Ventures with...
