Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
PEAK6 Acquires Aon’s National Flood Services
Aug 7 2018 // PEAK6 Investments LP announced it has acquired National Flood Services (NFS) from Aon plc. NFS is a provider of business process services in flood insurance. According to a statement, the firm support nearly 87,000 active...
PCI: Majority of Texans Not Prepared for Hurricane Season
Aug 6 2018 // A large majority of Texas residents are not taking necessary steps to protect their property this hurricane season despite the aftermath of Hurricane Harvey, according to a new poll conducted online by SurveyMonkey on...
Flood Insurance Uptake Rises in Texas but Increase May Not Last
Aug 6 2018 // Federal data indicates the number of homes in Texas with flood insurance has risen in the year since Hurricane Harvey inundated the Houston area. The floods last August killed nearly 70 people and damaged or destroyed more...
Security First Enters Florida’s Growing Private Flood Market
Aug 6 2018 // A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than what is available from the National Flood Insurance Program. Ormond Beach, Fla.-based Security First...
One Year Ago: Reflections on the 2017 Hurricane Season
Aug 6 2018 // It’s hard to believe but August brings us to the one-year anniversary of the watery nightmare that was Hurricane Harvey and the beginning of the remarkable 2017 hurricane season that also featured Hurricane Irma...
Flood Model Changes Help Hiscox Re & ILS Enter U.S. Flood Market
Aug 6 2018 // Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean...
Thousands of Louisiana Homeowners to Get More Help With Flood Repairs
Aug 1 2018 // Some Louisiana homeowners with damage from the 2016 floods who received help from the state’s recovery program will be receiving checks for full reimbursement of their repairs. Louisiana officials announced Monday...
Commentary: How Florida’s Flood Insurance Model Could Work Nationwide
Aug 1 2018 // While Congress works on various reforms to the National Flood Insurance Program (NFIP), the time is ripe for the private insurance market to step up and play a greater role in providing Americans needed flood...
FEMA Grows Its Flood Reinsurance Plan with $500 Million Cat Bond
Aug 1 2018 // The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets investors. FEMA has entered...
Senate Agrees with House to Renew Flood Insurance Program for 4 Months
Jul 31 2018 // Congress avoided a lapse in the federal flood insurance program when the Senate today voted 86-12 to extend authorization for the program by four months to Nov. 30. The National Flood Insurance Program would have expired...
Flood Insurance Uptake Rates Rise in Texas Following Harvey
Jul 31 2018 // Little more than two months before Hurricane Harvey slammed the Gulf Coast of Texas, Alberto Castaneda let his home’s flood insurance lapse. He had never filed a claim on the policy in 10 years and he needed the...
Flood Insurance Program Will Lapse If Senate Does Not Act
Jul 30 2018 // There is not a lot time left to avoid a lapse in the federal government’s flood insurance program. The Senate is expected to follow the House, which voted last week to temporarily reauthorize the program. Senate...
Tropical Storm Hits Japan, Heads for Region Still Recovering from Floods
Jul 30 2018 // A tropical storm in Japan disrupted transportation and knocked out power to thousands of homes in its path as it headed west toward a region still recovering from devastating rains earlier this month. At least 16 people...
Security First Insurance Co. Enters Florida’s Growing Private Flood Market
Jul 30 2018 // A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than what is available from the National Flood Insurance Program. Ormond Beach, Fla.-based Security First...
Fires, Floods & Heatwaves on 3 Continents: Blame the Jet Stream, a Warming World
Jul 27 2018 // Sweltering? Swimming? Choking on wildfire smoke? Blame it on the jet stream and a warming world. Kinked, buckled, stuck or stalled, it doesn’t matter how you describe it, the jet stream — the ribbon of wind...
After Recent Historic Floods, Japan Readies for Typhoon Jongdari
Jul 27 2018 // Typhoon Jongdari is set to make landfall on Japan’s mainland this weekend, bringing heavy rain and strong winds to much of a country hit in recent weeks by a deadly heatwave and historic flooding. The typhoon was...
Pennsylvania Flash Flooding Leads to Evacuations, Amusement Park Closing
Jul 26 2018 // Heavy downpours soaked parts of central Pennsylvania, causing evacuations and forcing an amusement park to close for the second time this week. Hersheypark announced it would be closed Wednesday. The park closed Monday...
Extreme Weather in Europe and Asia Sparks Wildfires, Floods
Jul 26 2018 // Extreme weather that’s gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that’s parched crops and sparked devastating forest fires. Temperatures have...
House Passes Another Stop-Gap Flood Insurance Extension; Senate Expected to Follow
Jul 25 2018 // The House of Representatives passed a measure to reauthorize the nation’s flood insurance program for four months beyond its current July 31 expiration date. The House measure to renew the National Flood Insurance...
Colorado Cleaning Up After Mudslides, Flooding
Jul 25 2018 // People in southern Colorado are cleaning up after heavy rain triggered mudslides and flooding and hail piled up like snow. Residents and businesses in Manitou Springs near Colorado Springs were told to evacuate because of...
