The town of Westport, S.D., north of Aberdeen is being flooded by the Elm River and South Dakota Gov. Mike Rounds has signed an emergency declaration allowing the use of state resources to help towns and cities respond to flooding. …
Conservation officials announced that thanks to the federal stimulus bill, Oklahoma is in line for $25 million to rehabilitate high-hazard earthen dams that provide flood protection across the state. They said Oklahoma is expected to get $12.1 million of that …
Since funding for the Texas Windstorm Insurance Association (TWIA) has become a top priority for the Texas Legislature, statewide lawmakers have debated several solutions that will impact policyholders in Texas, according to the Independent Insurance Agents of Texas (IIAT). “We’ve …
The European Union has joined the Caribbean Catastrophe Risk Insurance Facility’s (CCRIF) 16 member governments – Canada, the World Bank, the United Kingdom, Bermuda, Ireland, France and the Caribbean Development Bank – in donating to the facility’s reserve pool. The …
President Barack Obama has declared North Dakota a federal disaster area because of statewide flooding. North Dakota Gov. John Hoeven says the move means the federal government will pay 75 percent of state and local government costs for the flood …
U.S. Sen. Bill Nelson has asked the U.S. Treasury to provide assurances to private market lenders that any loans they make in Florida would be repaid at fair market interest in the event of a catastrophe. Nelson, however, said obtaining …
A Wake County judge has ordered new North Carolina Insurance Commissioner Wayne Goodwin to reconsider deductible and surcharge increases for coastal homeowners in the state insurance pool called the Beach Plan. Wake County Superior Judge William Pittman ruled Friday that …
The latest of the UK’s Chartered Insurance Institute (CII) Thinkpiece articles – “Pandemics – be prepared” features the work of Trevor Maynard, Emerging Risks Manager at Lloyd’s, who highlights the ever present risks posed by pandemics and what the next …
Flooding in the upper Midwest, which could rival the high water levels experienced in 2006 and possibly 1997, and continued drought in the South and West are among the warnings contained in the national outlook for this Spring from federal …
A Cedar Rapids corn milling company is suing a unit of insurance giant AIG and another company, accusing them of acting in bad faith for refusing to pay flood insurance claims. Penford Products Co. is one of many eastern Iowa …
