Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Flood Insurance Presents Opportunity, Obstacles for Private Insurers
Apr 16 2014 // Privatization of the National Flood Insurance Program (NFIP) would present a huge growth opportunity to the property/casualty market, allowing insurers to tap into about $3.3 billion of yearly premiums. But the flood...
N.J. Residents Providing Valuable Storm-Proofing Ideas for Post-Sandy Rebuilding Efforts
Apr 15 2014 // While scientists, politicians and engineers ponder ways to better protect New Jersey from storms like Superstorm Sandy, some of the best ideas are coming from those who suffered the most. As the second summer after Sandy...
More State Aid Sought for Flood Control in Minot, North Dakota
Apr 15 2014 // Officials in the Minot, N.D., area say more state aid will be needed for an $820 million flood protection project for the Souris River Basin unless federal funds materialize. The State Water Commission developed the flood...
Colorado Governor Directs Flood-Repair Funds, Crisis Counseling
Apr 10 2014 // Gov. John Hickenlooper says $13 million from a state lottery fund will be used to help restore parks, trails and open spaces damaged by last year’s floods. Hickenlooper and officials of lottery-supported Great...
Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida
Apr 9 2014 // Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now...
N.J. Gov. Asks FEMA to Give Sandy Victims More Time to File Flood Claims
Apr 9 2014 // New Jersey Gov. Chris Christie’s administration is urging the Federal Emergency Management Agency (FEMA) to give the state’s residents and businesses who suffered flood damages from Superstorm Sandy an...
70% Chance of El Nino Extreme Weather Event in 2014: Australian Meteorologists
Apr 8 2014 // The chance of an El Nino weather event developing in 2014 now exceeds 70 percent, Australia’s Bureau of Meteorology said on Tuesday, raising the prospect of damaging floods and droughts across the globe. Global cocoa...
Home-Elevation Grants Begin Flowing to N.J. Communities
Apr 7 2014 // A low-lying barrier island community north of Atlantic City is the first to be awarded state aid since Superstorm Sandy to help residents elevate their homes. New Jersey officials announced on April 4 they have approved...
Flooded Austin, Texas Homes to Be Demolished
Apr 7 2014 // Demolition has begun on some Central Texas homes left unlivable after flooding during deadly fall storms. The Austin American-Statesman reported that crews are concentrating on Onion Creek neighborhoods. Late October and...
Lincoln, Nebraska to Pay $127K to Homeowners for Sewage Flood Damage
Apr 7 2014 // The city of Lincoln, Neb., is paying thousands to more than a dozen homeowners whose basements were flooded with sewage. A water main break in the Belmont neighborhood of north Lincoln early New Year’s Day filled a...
South Carolina Coast Worries About Rising Flood Insurance Premiuns’ Effects on Historic Preservation
Apr 7 2014 // Charleston’s storied historic district of about 4,800 structures lies on a peninsula almost entirely in a flood plain. And there’s concern that raising premiums to help get the federal flood insurance program...
North Carolina Coastal Homeowners Weigh Self-Insuring for Floods Due to Premium Hikes
Apr 7 2014 // Bill Cherry has seen his share of storms buffet his house and his Breezeway Restaurant and Motel near Topsail Beach in North Carolina, a slip of a barrier island just over two blocks wide. But with sharp increases in...
With Fix for Flood Insurance Program Deficit Delayed, Now What?
Apr 7 2014 // There’s no easy fix for the National Flood Insurance Program, now drowning in a $24 billion sea of red ink. But experts and advocates say Congress does have some options that could make the troubled program...
With Fix for Flood Insurance Program Deficit Delayed, Now What?
Apr 7 2014 // There’s no easy fix for the National Flood Insurance Program, now drowning in a $24 billion sea of red ink. But experts and advocates say Congress has options that could make the troubled program financially stable,...
Environmental Exposure: Flood Risk in the Oil & Gas Industry
Apr 7 2014 // There has been much discussion regarding the increasing frequency and intensity of storms around the world. While both underwriters and insurance buyers are concerned with exposure to potential catastrophic losses from...
R.I. Realtors: Flood Insurance Concerns Contributed to Home Sales Drop in Feb.
Apr 3 2014 // The Rhode Island Association of Realtors says bad winter weather and worries about increasing flood insurance premiums likely played roles as home sales and prices in the state declined in February. The group said on Mar...
Ironshore Personal Lines Launches Primary Flood Coverage for High Value Homes
Apr 2 2014 // Ironshore’s Personal Lines unit has expanded property coverage protection for high net worth homeowners. Ironshore will offer a primary flood option as part of its homeowners insurance for properties valued at $1...
In Maine, 3,300 Policyholders Likely to See Flood Insurance Rate Increases
Apr 2 2014 // Thousands of Maine homeowners and businesses could see their rates for flood insurance rise as the federal government attempts to put the troubled National Flood Insurance Program back on sound financial footing. Most of...
March Flooding in Montana to be Evaluated By FEMA
Apr 2 2014 // Federal Emergency Management Agency teams have come to Montana to begin assessing damage from flooding. Ed Tinsley, of Montana Disaster and Emergency Services, told the Independent Record that the teams will be looking at...
2013 Floods Prove Positive Results from Defense Measures: Munich Re
Apr 1 2014 // A study from Munich Re notes that although natural catastrophe losses in 2013 were dominated by floods, “detailed analyses have shown that protective measures can drastically reduce losses. For example, the June 2013...
