etc.) News

North Dakota Flood Damage to Public Works: $90M Plus

The commander of North Dakota’s National Guard estimated it will cost $90 million or more to repair roads, parks and other public works from damage caused during spring and summer flooding. Maj. Gen. David Sprynczynatyk, speaking to the Legislature’s Budget …

Red River Floods Fields, but U.S. Farmers Ready

Record flooding in parts of the U.S. Red River Valley has slowed grain movement, but lake-like fields are nothing new to farmers who battle flooding on some scale each spring, industry officials said. The Red River, which divides North Dakota …

Research Group IBHS Adds ‘Insurance’ to Name

“Gimme an ‘I,’ except in our acronym.” That’s the message the insurance industry’s chief cheerleader organization for improving disaster safety says about its rebranding campaign. The Insurance Institute for Business & Home Safety (IBHS) — formerly known as the Institute …

Spring Flooding Could Swell North Dakota Lake by 50 Square Miles

The cost of flood control in North Dakota’s Devils Lake region has surpassed $1 billion, but the worst could be yet to come this spring if forecast predictions of rises in the lake’s level prove accurate, cautions Paul Todhunter, University …

Oklahoma Cat Response Team Includes State Officials, Industry Members

Oklahoma Insurance Commissioner John Doak has formed a catastrophe response task force to coordinate efforts of the department and the industry in the aftermath of the recent winter storm. “This is the first time the department has joined with the …

Judge Defends Spill Decision That Upset Louisiana AG

A federal judge said Jan. 28 that he wasn’t trying to deprive states of their rights when he appointed Alabama’s newly elected attorney general to coordinate all states’ interests in the litigation spawned by the Gulf oil spill. “No such …

Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed

Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some infrastructure could take years to repair, authorities said on Friday. The floods have swamped mines in Queensland State, paralyzing operations …

BP’s Gulf Spill Costs Look Manageable 8 Months Later

As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …

How to Fix Nation’s Flood Insurance Program

The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance program. The National Association of Mutual Insurance Companies (NAMIC) has offered a set of reform proposals designed to improve the …

Insurance Vital to Alabama Coast Long-Term Plan, Says Commission

Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover from any future …