Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Insurer Impact from Sally Expected to be Moderate; Losses Estimated at $1B to $3B
Sep 23 2020 // Insured losses from Hurricane Sally could reach as much as $3 billion, according to catastrophe modelers, but ratings agency Moody’s expects a moderate impact on property & casualty insurers and...
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change
Sep 23 2020 // Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed, broker Aon reveals that more than 60% of 2020’s insured catastrophe...
On Inland Crawl, Beta Dumps Heavy Rains, Floods Streets on Texas Coast
Sep 22 2020 // Beta weakened to a tropical depression on Sept. 22 as it crawled inland along the Texas coast south of Houston, unleashing heavy rains, flooding streets, and forcing emergency workers to rescue dozens of people. Rain...
Slow-Moving Storm Beta Set to Drench Texas, Louisiana Coasts
Sep 21 2020 // Beta, a slow-moving tropical storm, will bring flooding rains to Texas and Louisiana as well as raking offshore energy fields with high winds, but may not reach hurricane strength. Beta’s winds will likely hold at 50...
NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best
Sep 18 2020 // Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires in California, Oregon, and Washington, or Hurricane Laura, according to AM Best. As the storm was more of...
After Hurricane Sally, Assessment of Extensive Flood Damage Begins
Sep 18 2020 // GULF SHORES, Ala./HOUSTON – As an Alabama resident, Toby Wallace has seen his fair share of hurricane damage working for the U.S. Federal Emergency Management Agency, where he handles flood insurance claims. But that did...
Florida’s Citizens Urges Insureds to Avoid Fraud, Scams After Hurricane Sally
Sep 18 2020 // In an effort to help insureds avoid falling victim to scams and abuse, as well as to speed up the claims process, Citizens Property Insurance Corp. is urging its policyholders to “Call Citizens First” as they...
Update: Weakened Hurricane Sally Leaves Gulf Coast With Flooding
Sep 17 2020 // Update: 11:37 am, GULF SHORES, Ala., Sept 17 (Reuters) – The remnants of Hurricane Sally on Thursday brought more than a foot of rain to Florida and Georgia, killing at least one person, washing out bridges and roads...
Floridians Concerned About Disaster Recovery, Hurricane Deductibles: Survey
Sep 17 2020 // As Hurricane Sally bears down on the Gulf Coast, a new survey is highlighting the concerns many Florida residents have about the impact of catastrophic storms on their communities and everyday lives, as well as if they are...
U.S. Gulf Inundated by Massive Floods from Hurricane Sally
Sep 16 2020 // Hurricane Sally slammed the U.S. Gulf Coast with high winds and heavy rains on Wednesday, turning coastal towns into lakes in the latest in a busy season of dangerous storms in the United States. The storm landed as a...
Historic Flooding from Hurricane Sally Could Hit Gulf Coast
Sep 15 2020 // Hurricane Sally drew closer to the U.S. Gulf Coast on Tuesday morning, threatening historic floods, the National Hurricane Center said, with more than two feet (61 cm)of rain expected in some areas. The second strong storm...
Tracking Tool Spotlights Repetitive Flood Loss Homes Receiving U.S. Taxpayer Funds
Sep 15 2020 // Passaic County in New Jersey is not in the hurricane belt nor is it on the banks of a major river, and yet 810 properties there received $170 million of taxpayer money through the National Flood Insurance Program (NFIP)...
Charleston, South Carolina Sues Big Oil Companies Over Climate Change Costs
Sep 15 2020 // Charleston is now the first city in the American South to sue major oil companies in an attempt to hold them accountable for the “daunting” costs of climate change, city officials announced Sept. 9. The 24...
Neptune Flood Expands Coverage to Include All NFIP Classes
Sep 15 2020 // Neptune Flood, an AI-driven flood insurance company, has expanded its flood insurance products to now include all NFIP product types. Neptune, which has previously offered flood insurance for one to four family homes, and...
NHC: Tropical Storm Sally Strengthens to Hurricane
Sep 14 2020 // Update 4:00 pm EST: Louisiana and Mississippi residents were under evacuation orders on Monday as Hurricane Sally churned across the Gulf of Mexico, strengthening to a hurricane ahead of expected landfall on Tuesday, the...
NHC: Tropical Storm Sally Strengthens to Hurricane
Sep 14 2020 // Louisiana and Mississippi residents were under evacuation orders on Monday as former Tropical Storm Sally strengthened to a hurricane status and churned across the Gulf of Mexico, the U.S. National Hurricane Center...
Texas Counties See Drop in Flood Policies, Insurance Department Says
Sep 10 2020 // A number of flood-prone Texas counties have seen a decline in the number of flood insurance policies in place, the state insurance department reported Despite hurricanes, Corpus Christi region has had a decrease in the...
The Rising Risk of Inland Flooding
Sep 7 2020 // Not Only in FEMA Zones, Not Only During Hurricane Season Major companies across the U.S. are increasingly recognizing the risk for inland flooding and with good reason. As recent hurricanes like Harvey and Florence made...
Study: Indiana City Has Many More Flood-Prone Properties than FEMA Maps Show
Aug 31 2020 // A northern Indiana city that sits along the Wabash River is home to thousands more flood-prone homes and properties than are listed on federal floodplain maps, new research shows. The study by the First Street Foundation,...
Insured Loss for UK’s February Floods Estimated at £375 Million
Aug 31 2020 // The updated estimate of the insured property market loss for floods that hit February 9 to 29, 2020, across the United Kingdom is £375 million. PERILS, the independent Zurich-based organisation providing industry-wide...
