Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
How to Increase Flood Insurance Take-Up Using Behavioral Economics Insights
May 17 2021 // Proper application of behavioral economics can improve take-up of flood insurance and narrow the protection gap. Sounds farfetched? Let’s dig deeper. Behavioral economics is the study of psychology, economics and the...
People Moves: National Flood Names Erickson CEO; Aon Adds 3 in Healthcare; State Auto CFO to Retire; Barg Joins Ascot Claims
May 14 2021 // National Flood Services announced the appointment of Lindsey Erickson as its chief executive officer. Erickson replaces interim CEO George Ruhana, who will continue in his role as operating partner. Erickson has been with...
Neptune to Offer Flood Insurance to Small Business Administration Borrowers
May 14 2021 // Neptune Flood, an AI-driven flood insurance company, has launched sbaflood.com designed for SBA borrowers to obtain commercial flood insurance. Both owners and tenants are eligible for commercial flood insurance through...
Flooding from Fire-Charred Area Threatens Arizona City
May 10 2021 // It’s nearly two years since a fire burned nearly 3.1 square miles in hills north of Flagstaff but rows of concrete barriers and stacks of sandbags remain in place in neighborhoods along a wash. That’s because...
Wisconsin County to Get $1.5M in Flood Mitigation Funds from FEMA
May 7 2021 // Jefferson County, Wisconsin, has been has been awarded $1,530,596 in Pre-Disaster Mitigation (PDM) funds from the Federal Emergency Management Agency (FEMA). The award, announced by FEMA and Wisconsin Emergency Management...
Flood Threats Persist as Storms Continue to Drench the South
May 6 2021 // Relentless wind and rain continued to pummel much of the southeastern United States Wednesday, spawning tornadoes, sparking a flash flood emergency in Alabama and damaging homes from Texas to Virginia. The storms have...
Insurers Warn Canada’s Moving Too Slowly on Flood Mapping
May 6 2021 // OTTAWA – Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing costs, is concerned the government will move too slowly on the key first step of...
Federal Grant to Bolster Merrimack River Against Floods, Pollution
May 4 2021 // A $250,000 federal grant aims to protect the Merrimack River, which provides drinking water to over 600,000 people. The grant will protect the river from climate change, pollution and development pressures in New Hampshire...
Neptune, Transverse to Expand Flood Offering with $30M Premium Capacity Program
Apr 30 2021 // Neptune Flood, an AI-driven flood insurance provider, has expanded its capacity through a new program sponsored by Transverse Insurance Group and backed by a panel of global reinsurers, which was placed through Acrisure Re...
Reno, Nevada, to Settle Lemmon Valley Flood Lawsuit for $4.5M
Apr 30 2021 // Reno, Nevada, city officials said they have reached a tentative agreement to pay $4.5 million to settle a lawsuit brought by residents whose homes in the community of Lemmon Valley were flooded north of town in 2017 after...
Concerns Raised over Possible Flooding in Western Alaska
Apr 23 2021 // A heavy winter snowpack along the Kuskokwim River could make flooding likely this year in western Alaska, a federal weather official said. “I’m especially concerned about the lower villages” along the...
Louisiana Bills Promote Private Flood Insurance, Target Staged Accidents
Apr 20 2021 // Louisiana insurance regulators have proposed separate pieces of legislation that would promote the writing of private flood insurance in the state and increase penalties associated with staged auto accidents. A third bill...
Wright National, Zurich Expand Flood Coverage into California
Apr 19 2021 // Wright National Flood Insurance Services LLC and Zurich Insurance are now offering Zurich’s Residential Private Flood Insurance in California. The stand-alone product has previously been launched in Florida, New...
New Federal Flood Insurance Rating Plan to Start Oct. 1
Apr 19 2021 // Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released this month by the Federal Emergency Management Agency (FEMA), the first major...
South Texas Officials Worried About Flooding Due to Border Levee Breaches
Apr 16 2021 // South Texas officials say they are worried about flooding during the hurricane season starting June 1 from breaches in a levee system that remain after border wall construction was halted. Hidalgo County Judge Richard...
New York City Begins $1.5B Project to Protect Manhattan from Floods
Apr 16 2021 // New York City has embarked on a $1.45 billion resiliency project in lower Manhattan along the East River, an area devastated by flooding in 2012 during Hurricane Sandy, Mayor Bill de Blasio said. The city’s East Side...
Church Official Warns of Financial Flood from Clergy Sex Abuse Claims
Apr 12 2021 // A top official with the Archdiocese of Santa Fe says a financial flood from clergy sex abuse claims is coming and a settlement would serve as the dam to prevent devastation to parishes across northern New Mexico. A letter...
Is It Covered?: A Flood of Uncovered Claims
Apr 6 2021 // On a recent insurance social media page, an agent was looking for a market for a $2 million home that had experienced a $540,000 plumbing leak claim and the carrier had nonrenewed. A few weeks earlier, another agent had...
New Federal Flood Insurance Rating Plan to Start Oct. 1
Apr 5 2021 // Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major...
Australia’s Floods to Hit Insurers’ Earnings, Put Upward Pressure on Reinsurance Rates
Mar 31 2021 // Insured losses from Australia’s March floods are expected to hit general (or property/casualty) insurers’ underwriting margins and earnings in 2021, while putting more upward pressure on reinsurance rates,...
