Floods News

Flood Report for Cedar Rapids, Iowa, Calls for Better Protection System

The U.S. Army Corps of Engineers has released a draft report that calls for a better, if limited, flood-protection system in Cedar Rapids, Iowa. The Cedar River swamped the city in 2008, covering 10 square miles. The city’s existing system …

New South Dakota Flood-Control Project to Protect Properties

A flood-control project in the works for more than 20 years should be completed next year, removing 1,500 properties from Sioux Falls’ flood plain, a city official said. Once the flood-control measures are in place, probably by the end of …

E&O Insights: Insuring Contractors

Risks to Consider When Working With Contractors If you are running an agency, there is a pretty good chance you insure a contractor or two – whether they are your traditional artisan contractors or a class of contractors that falls …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Contractors Preferred Program Market Detail: Tangram Consulting and Underwriting Services Contractors Preferred Program is a …

QBE Subsidiary Sterling National Corp. Acquires Seattle Specialty

QBE today announced that its subsidiary, Sterling National Corp., has acquired Seattle Specialty Insurance Services Inc. Terms of the purchase were not disclosed. Headquartered in Everett, Wash., Seattle Specialty Insurance Services has provided insurance services to financial institutions since 1992. …

Nations Meet on Climate Cash Contributions; UN Sees Long Haul

About 45 nations met on Thursday to seek ways to raise billions of dollars in aid to help the poor combat climate change as the United Nations warned them of a long haul to slow global warming. Environment ministers and …

Aon Monthly Cat Recap Highlights Asia Floods, Atlantic Storms

Aon Benfield’s latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was “dominated by historic floods in Pakistan destroying over 1.25 million homes, a massive landslide in China …

Cedar Rapids Gives Flood-Damaged Homes to Builders, Nonprofits

City officials are trying to salvage some of the homes damaged by flooding in Cedar Rapids, Iowa, in 2008 by offering them to builders and nonprofit groups for free. In exchange, the homes would be renovated and sold at a …

North Carolina Commissioner Urges Preparation

With Hurricane Earl on a path to skim the barrier islands and the coast of North Carolina beginning this evening, state Insurance Commissioner Wayne Goodwin is reminding all North Carolinians to take precautions before the storm’s arrival. “Hurricanes can affect …

AIR Tracking Typhoon Kompasu, Tropical Cyclones

According to catastrophe risk modeling firm AIR Worldwide, the sixth, seventh, and eighth named storms of the northwest Pacific season are approaching the Asian mainland bringing high winds and expected heavy rains. Typhoon Kompasu, the seventh of this year’s tropical …