Flood Insurance News

Repairs to Hazardous Lewisville Lake Dam in Texas Likely Delayed

Rising water levels will likely delay repairs to a 160-foot-long landslide along the Lewisville Lake dam, a possible threat to the hundreds of thousands of North Texans who live downstream. The U.S. Army Corps of Engineers said 16 inches of …

Deadly Floods Disrupting Agriculture, Commercial Operations in U.S. Midwest

Deadly flooding across the U.S. Midwest is disrupting everything from oil to agriculture, forcing pipelines, terminals and grain elevators to close. The floods have killed at least 30 people and shut hundreds of roads across Missouri and Illinois, according to …

‘Couldn’t Stand the Weather’ Sums Up South Central News in 2015

If you scan the song/album list of the late, great Texas blues guitar powerhouse, Stevie Ray Vaughan, you’ll get an inkling of what the major stories from Insurance Journal’s South Central region in 2015 were about: the weather and its …

Floods of Five Rivers Head from Midwest to U.S. Industrial South

Brace yourself, U.S. South. The Mississippi River is coming, and so are the Arkansas, the Red, the Ohio and the Missouri. The water on the Mississippi River is already so high that Missouri has closed interstate highways. Governor Jay Nixon …

Storm Frank Batters North Britain; Total Storm Losses Could Top $4.5 Billion

Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some to evacuate flooded streets in the third major storm in a month. The Environment Agency said Britain had faced an …

Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead

Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to 1.5 billion pounds ($2.22 …

NFS Edge Launches Flood Coverage Option for Condo Associations

NFS Edge Insurance Agency, Inc., a unit of Aon National Flood Services, Inc., through its Insurmark division has launched a new private flood insurance alternative to the Residential Condominium Business Association Package (RCBAP) for condo associations located in high flood …

Some Minot Officials Want Rewrite of Flood Regulations

Some officials in Minot, N.D., are proposing that the city rewrites its flood-related regulations in an effort to ease any future hikes in flood insurance premiums for residents. The Minot Daily News reports the city’s Planning Commission is recommending the …

Bettendorf, Iowa, Seeks Funds for Buyout of Homes in Flood Zones

Bettendorf, Iowa, officials are seeking federal funding that would allow the city to buy and demolish homes in flood zones. The Quad-City Times reports Bettendorf City Planner John Soenksen presented the plan to apply for Hazard Mitigation Grant Program funds …

Weather-Related Property Claims Mount in Texas

Severe weather in all regions of the state this year has resulted in high numbers of insurance claims from property and auto losses in Texas, according to an insurance company trade group. The Insurance Council of Texas reported that paid …