As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: “I don’t know.” …
With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform Act has passed the House and moved to …
Prospect General Insurance Agency (Prospect General) has launched its admitted residential flood insurance product, Flood Guard, in Illinois. Written through Palomar Specialty Insurance Co., Flood Guard provides residential flood coverage as an alternative to the National Flood Insurance Program (NFIP). …
Among the most read news stories in Insurance Journal’s South Central region during 2017 concerned Hurricane Harvey and Texas hailstorm (aka natural catastrophe insurance claims) legislation. The insurance industry in Texas for years has been pushing for legislation aimed at …
Global warming’s fingerprints were all over the record rainfall from Hurricane Harvey this year, confirming what scientists suspected, according to new research discussed on Dec. 13 during the American Geophysical Union meeting in New Orleans. While scientists say man-made climate …
A Houston business group said on Dec. 8 that Hurricane Harvey’s biggest long-term impact on the nation’s fourth-largest city likely will be on where and how new homes and structures are built. The results of Harvey’s flooding will likely guide …
Note: This story originally appeared in The Texas Tribune. As the state undertakes what could be the biggest housing recovery in American history after Hurricane Harvey, potentially thousands of Texas renters and homeowners trying to rebuild their lives are in …
Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling continues to improve, weather stations more …
The earthen dam on the outskirts of Georgetown in Texas’ Williamson County certainly does not look flimsy. The Austin American-Statesman reports at 35 feet high and nearly a third of a mile long, it has done a reliable job of …
It has been two months since heavy rain swelled the waters of Fish Creek and drenched the town of Hundred, West Virginia, and its residents under several feet of water. The night it happened is stuck in the minds of …
