flood claims News

Dallas Storm Causes ‘Nominal’ Claims Despite Near-Historic Rainfall

A 1,000-year rain event that brought 10 or more inches of rainfall to parts of North Texas early this week has led to roughly 3,500 property claims, 1,300 auto claims and less than 20 flood claims through the National Flood …

Michigan Utility Denies Flooding Claims from 2021 Storm

A Detroit-area water utility said Tuesday that it will deny flooding claims stemming from a damaging storm last summer based on an independent review that found the flooding was caused by the amount of rainfall and not a defect in …

Swiss Re Forms Strategic Partnership with Satellite Operator and Flood Monitor, ICEYE

Swiss Re has entered into a strategic partnership with ICEYE, a commercial satellite operator and satellite-based flood monitoring provider. Building on ICEYE’s innovative technology, the partnership will advance flood risk management, assist disaster response and speed up claims’ payments globally …

British Insurers Adjust Risk Models after Costly Repeat of 100-Year Floods

British insurers could have to pay out up to £250 million ($377 million) in claims to owners of homes and businesses, industry specialists said on Monday, after the northwest of England suffered once-in-a-century floods for the second time in 10 …

West Virginia Assessing Damage from Rain, Flooding

Damage assessments are taking place in the 10 West Virginia counties that were drenched by torrential rain and flooding last week. The assessments started on July 16 and are being conducted jointly by state emergency preparedness officials and the Federal …

ABI Says Cost of UK Home Insurance Falls by 6%-Buildings; 5%-Contents

The Association of British Insurers announced that the cost of home insurance has fallen over the last year according to its latest Average Quarterly Household Premium Tracker, which is based on information from ABI members, who cover 90 percent of …

Deadlines Near for Isaac Flood Claims

Most property owners whose homes or other structures were damaged during Hurricane Isaac have approaching deadlines for filing claims for their flood-related losses. Most of these claims are due in the upcoming two weeks as the National Flood Insurance Program …