Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new survey finds. Overall, less than half of Americans …
Emergency responders in Texas rescued numerous people from rising floodwaters Tuesday as a strong storm battered the Houston area with heavy rain, inundating homes and leaving motorists stranded just two years Hurricane Harvey devastated the area. As much as 10 …
AmWINS Group, Inc., in conjunction with its recent acquisition of The Flood Insurance Agency (TFIA), has launched FloodFLEX, a new commercial property flood product designed to eliminate out-of-pocket expenses not covered by traditional flood insurance. FloodFLEX is a policy endorsement …
La Jolla, Calif.-based Palomar Holdings Inc. this week announced the pricing of its initial public offering of its common stock at a price of $15 per share and in its first day of trading on Wednesday it had at one …
Damage from flooding in March 2019 is estimated at US$8 billion from events across the globe, according to Aon’s “Global Catastrophe Recap – March 2019.” “The major catastrophe events of March highlighted the continued vulnerabilities which exist in both developed …
In a commentary on the recent Midwest flooding, AM Best said the states hit hardest by these floods — such as Missouri, Iowa, Kansas and South Dakota — generally have National Flood Insurance Program (NFIP) insured rates of less than …
The Woodlands Insurance Co. (TWICO), located in The Woodlands, Texas, has launched a Texas homeowners policy that will include flood insurance to all qualifying households. With a tiered offering of Twico Prime, Twico Prime Plus, and Twico Prime 360, homeowners …
Residents in six southeastern Louisiana parishes will get some relief from backwater flooding thanks to a new floodgate. Gov. John Bel Edwards announced this week that the state’s Coastal Protection and Restoration Authority is pledging $80 million to build a …
Officials in the Omaha, Nebraska, area are reevaluating the city’s flood-control measures, shortly after heavy rains caused dozens of counties and cities in the state to declare a state of emergency. A flash flood event caused by heavy rain in …
Floodwaters that devastated swaths of Nebraska and Iowa rolled downstream on Thursday, swamping more Midwestern farmland as waterfront communities in Missouri and Kansas hurried to shore up strained levees. Flooding of the Missouri River triggered by last week’s so-called “bomb …
