Latest Flood Headlines
All the headlines from our Flood Topic Page, ordered by recency.
Keeping Flood Insurance Above Water: Commentary
Jan 25 2018 // With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform...
Prospect General Offering Admitted Residential Flood Product in Illinois
Jan 24 2018 // Prospect General Insurance Agency (Prospect General) has launched its admitted residential flood insurance product, Flood Guard, in Illinois. Written through Palomar Specialty Insurance Co., Flood Guard provides...
Two More Counties Added to New York’s Lake Flooding Disaster Declaration
Jan 23 2018 // New York officials say two more counties that sustained extensive shoreline damage from Lake Ontario flooding last year are now eligible for federal recovery aid. Gov. Andrew Cuomo and U.S. Sens. Chuck Schumer and Kirsten...
2017 Disasters
Jan 22 2018 // The Federal Emergency Management Agency (FEMA) was busy in 2017 as it supported 59 major disaster declarations and 16 emergency declarations, a year during which unprecedented disasters affected more than 25 million...
Minot, N.D., Schools, Company Settle Lawsuit over Flood Cleanup for $950K
Jan 11 2018 // The Minot Public School District has settled a lawsuit filed by a company over unpaid cleanup expenses resulting from the 2011 Souris River flood. The case was set to go to trial Monday in federal court, but the two sides...
Verisk’s ISO Personal Lines Program Targets $40 Billion Private Flood Insurance Market
Jan 11 2018 // Things just got a bit easier for private personal lines insurance carriers wanting to enter the flood insurance market. Through its ISO subsidiary, data analytics firm Verisk has launched a new personal lines flood...
Search for Victims of California Mudslide Continues, 17 Dead
Jan 11 2018 // Hundreds of searchers continued the grueling work Thursday of hunting for survivors and digging up bodies in the sea of mud and wreckage left by flash flooding in Montecito, Calif. The death toll from Tuesday’s flash...
Storm Floods California Roads, Loosens Hillsides
Jan 9 2018 // Heavy rains pounding Southern California for a second day caused flooding and loosened hillsides as officials in fire-ravaged communities warned people to stay off roads over fears of destructive mud flows. Water and...
Coastal Sea Rise Threatening Florida’s Historic Resources
Jan 9 2018 // The Castillo de San Marcos withstood two sieges in 330 years and changed hands five times, but its latest invader – the rising Atlantic Ocean – threatens to erode the historic St. Augustine fortress. The coquina shell...
FEMA Expands Flood Reinsurance Program with Private Reinsurers for 2018
Jan 8 2018 // The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood Insurance Program (NFIP) recover losses it may have to pay in 2018. Expanding on...
Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters
Jan 8 2018 // Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling...
I Heard There Might Be Opportunity “In-Land”
Jan 4 2018 // “According to CoreLogic, a leading source for flood and disaster risk data, approximately 70 percent of the flood damage from Hurricane Harvey was uninsured….” states Clearsurance in their recently...
Outages, Flooding Expected as Giant Snow and Ice ‘Bomb’ Targets Eastern States
Jan 3 2018 // The worst storm of the winter season has knocked out power to thousands and canceled almost 3,000 flights. Next it threatens to bring more snow, ice and cold from Florida to Nova Scotia, including New York and...
Disasters Affected 8% of U.S. Population in 2017, FEMA Notes in Review of Historic Year
Jan 3 2018 // The Federal Emergency Management Agency (FEMA) supported 59 major disaster declarations and 16 emergency declarations in 2017, a year during which unprecedented disasters affected more than 25 million Americans, almost...
Florida Could Be Close to a Real Estate Reckoning
Jan 2 2018 // Ross Hancock sold his four-bedroom house in Coral Gables, a city of pastel luxury at the edge of Miami, because he was worried that sea-level rise would eventually hurt his property’s value. He and his wife, Darlene,...
Top Insurance Journal National Stories of 2017
Dec 29 2017 // It wouldn’t feel right to close out the year without looking back at the most popular stories on Insurance Journal during the past 12 months. Here are the national stories that attracted the most readers in 2017,...
Building for Climate Change: Miami’s High-Net Worth High-Rises as a Model
Dec 28 2017 // The Monad Terrace—a 59-unit Miami Beach luxury condominium—hasn’t been built yet, but its salesroom is up and running. Set on the ground floor of an office building a few blocks from the Monad’s bayfront...
Trump Hotel, EPA Building Among Federal Properties in Flood Zones
Dec 19 2017 // The worst hurricane season in memory has spurred President Donald Trump to consider new ways to prod private homeowners to move out of flood plains. But many of the federal government’s own buildings are also at risk...
Texas’ Use of Federal Harvey Funds Clouded by Lack of Transparency
Dec 18 2017 // Texas has been awarded billions in federal aid to help recover from Hurricane Harvey and the devastating flooding that followed, but it’s unclear how the state is spending its share of the money. State records...
Developer Wants to Build New Housing Project in Houston Flood Plain
Dec 18 2017 // A housing developer is hoping to win approval from Houston officials to put a 151-acre project on a former golf course where the city and Harris County have spent millions of dollars to buy out homeowners whose properties...
