Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Flood Model Development Helps Hiscox Re & ILS Enter U.S. Flood Protection Market
Jul 25 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...
West Virginia to Get $690M for Flood Management Projects
Jul 25 2018 // West Virginia will receive $690 million in federal funding for flood management and repair projects. U.S. Sens. Joe Manchin and Shelley Moore Capito announced the funding July 18 from the U.S. Army Corps of Engineers. A...
Tropical Storm in Vietnam Triggers Floods, Killing at Least 20 People
Jul 24 2018 // Flooding triggered by a tropical storm has killed at least 20 people and left over a dozen missing in northern Vietnam, local media reports said. Ten people drowned in floods caused by heavy rain in Yen Bai province after...
Dam Outburst Creates Flooding Concern in Alaska City
Jul 24 2018 // Rising water levels have some residents of Alaska’s capital city on edge, following the release of water from a glacially dammed lake. Jessica Voveris is meteorologist with the National Weather Service in Juneau. She...
U.S. Flood Models Still in Infancy, So Underwriters Must Be ‘Cautious Consumers’
Jul 24 2018 // The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still in its infancy. As a result, underwriters need to be aware of the differences that exist among...
Massachusetts Storms Bring Floods, Lightning Strikes, Flight Cancellations
Jul 19 2018 // Thunderstorms have caused flights to be delayed and knocked out power in some parts of Massachusetts. A flood warning was issued by the National Weather Service for the areas of Springfield, Clinton, Boston and...
Monsoon Brings 100-Year Flooding Event to Arizona
Jul 18 2018 // The National Weather Service says the storm that swept across northern Arizona over the weekend amounted to a 100-year event. The Arizona Daily Sun reported that those types of storms have a 1 percent chance of happening...
RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software
Jul 17 2018 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software. The Asia Pacific model suit is being...
Mississippi County to Spend $3M on Flood Study
Jul 16 2018 // Governments in DeSoto County, Mississippi will spend more than $3 million to study flooding. WHBQ-TV reports that half the money will come from the federal government, while half will come from DeSoto County and local...
Texas Failing to Enforce Flood Insurance Rules, Newspaper Says
Jul 16 2018 // Texas officials are struggling to enforce part of a flood insurance program requirement that aims to elevate or remove severely damaged properties from flood plains, according to a newspaper investigation. The Houston...
Is a Massive Tunnel System the Answer to Houston’s Flood Woes?
Jul 12 2018 // It may sound far-fetched, but a massive tunnel system is one concept on the table as the Harris County Flood Control District begins to explore more creative flood control methods after Hurricane Harvey, when the Houston...
Report: Texas Failing to Enforce Flood Insurance Rules
Jul 10 2018 // Texas officials are struggling to enforce part of a flood insurance program that aims to elevate or remove severely damaged properties from flood plains, according to a newspaper investigation. The Houston Chronicle...
Zurich’s Flood Resilience Alliance Extended to Generate Additional Funding of $1B
Jul 10 2018 // Zurich Insurance Group announced that after five successful years its flood resilience alliance will be extended until 2023. In the last five years, a multi-sector alliance comprising the non-governmental organization...
More Than $5B Headed to Texas for Flood Control Projects
Jul 9 2018 // Almost a year after Hurricane Harvey dumped historic rains on Texas, the state will receive more than $5 billion for a range of flood control projects, repairs and studies, the Trump administration announced on July 5. The...
Historic Rainfall, Floods in Japan Kill More Than 100; Some Factories Halt Operations
Jul 9 2018 // The death toll from the historic rainfall in western Japan reached 110 on Monday as rescuers stepped up efforts to clear areas hit by flooding and landslides. Some plants halted by the floods started to resume operations...
Top Private Flood Insurers and Market Report
Jul 3 2018 // During 2017, the private flood insurance market expanded considerably with 50 new carriers. In total, insurers reported direct private flood insurance premiums written of $630 million, an increase of $217 million over...
Wet Monsoon Season on Tap for Southern Nevada
Jul 2 2018 // Forecasters with the National Weather Service are warning residents in southern Nevada about the potential for flash flooding this summer since the monsoon season is expected to be wetter than normal. Meteorologist John...
Finding A Better Course to Navigate Disasters
Jul 2 2018 // Despite the last several hurricane seasons, not nearly enough has been done to improve our country’s resilience against future storms. As a nation, we continue to spend the vast majority of disaster aid on recovery,...
6 Things to Know About the Private Flood Insurance Market
Jul 2 2018 // Below are highlights from Insurance Journal’s recent report on “Top Private Flood Insurers, 2017 Market Study.” For additional information, or to download the full report visit:...
Lloyd’s Index Shows $92B at Risk in North American Cities Each Year
Jul 2 2018 // Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s shows. Lloyd’s newly issued City Risk Index, which produces...
