Authorities used boats and large vehicles on Saturday to rescue and evacuate residents in parts of the Midwest where a recent deluge of rainwater and snowmelt was sent pouring over frozen ground, overwhelming creeks and rivers, and killing at least …
Climate advocates say an overhaul of the nation’s flood insurance program being unveiled by the Trump administration will spur communities around the country to better plan for extreme weather, but could drive up costs for some homeowners. The changes being …
Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National Flood Insurance Program. …
Crews are working on 134 flood control projects as parts of a $2.5 billion bond program approved by Houston-area voters last year in the wake of Hurricane Harvey, officials announced. Another 103 projects are on the drawing board — all …
The Virginia House of Delegates passed a joint resolution that would designate the first full week in March each year as Trusted Choice Independent Insurance Agents Week beginning in 2019. HJ 703, introduced by Del. Buddy Fowler (R-Ashland), recognizes the …
Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. “The insured loss for Florence will be between $2.8 billion and …
The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market has been blamed on the …
Two neighboring counties in southern Wisconsin are taking steps to address last year’s widespread flooding that drenched streets, damaged homes and caused lakes to spill over. Dane County has budgeted more than $18 million this year to go toward flood …
State Sen. Joan Huffman, R-Houston, has legislation that would require sellers of residential properties to notify buyers if a property is located in a flood-prone area — and whether it has previously flooded. Senate Bill 339 would change a provision …
Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to US$595 billion from $605 billion in 2017, remaining resilient in the face of insured natural catastrophe losses of $230 billion over the two-year period, …
