Flood Insurance News

Wright Flood Expands Private Flood Insurance Offering in Illinois

Wright National Flood Insurance Services has announced its entrance into Illinois by introducing an admitted, stand-alone private flood insurance product as the next state in the continued expansion of the company’s ResiFlood program. Wright Residential Private Flood Insurance can be …

NHC Report Ranks Ian as Costliest Florida Hurricane, Shows Forecasting, Storm Surge

The National Hurricane Center’s report on Hurricane Ian, posted Monday, six months after the storm hit southwest Florida, pegs Ian as the most expensive to hit the Sunshine State, causing twice as much damage as Hurricane Andrew did 30 years …

Atlanta ‘Cop City’ Activists Question Police Evidence

When police stormed an Atlanta-area music festival two days after a rainstorm, they were looking for suspects wearing muddy clothing. Authorities moved in on the South River Music Festival on the evening of March 5, over an hour after more …

Costs Prompt Iowa Town to Assess Flood Control Efforts

CEDAR RAPIDS, Iowa (AP) – High inflation and construction cost spikes are prompting city officials to study the impact of growing expenses on its permanent flood control system. But City Manager Jeff Pomeranz recently said during a City Council session …

$1.5B Dike Repair Finally Done at Florida’s Okeechobee, Protecting Thousands of Home

After 18 years, a $1.5 billion project was officially completed to repair the sprawling dike around Florida’s Lake Okeechobee that protects thousands of people from potentially catastrophic flooding during hurricanes. The Herbert Hoover Dike project overseen by the U.S. Army …

Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks

Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A startup technology company on Thursday launched a new global flood-risk data service that its founders say will help narrow this …

Davenport, Iowa Flood Mitigation Projects Set to Start This Year

DAVENPORT, Iowa (AP) – In late 2023, residents and business owners will see some of the first projects of Davenport’s flood mitigation plan under construction. The first phase of Davenport’s $165 million plan aims to address floodwaters that surge up …

Few Homeowners Have Flood Insurance in Soaked California

On Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks and other residents of his rural mobile …

Federal Aid for Flood Damage going to Northern Arizona Tribe

President Joe Biden has approved a disaster declaration made by the Havasupai Tribe in northern Arizona, freeing up funds for flood damage as it prepares to re-open for tourists after nearly three years. The Federal Emergency Management Agency confirmed Sunday …

FloodFlash Eyes Parametric Splash in U.S.

Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023. FloodFlash is set to begin offering parametric coverage for commercial businesses in …