Flood Insurance
The Insurance Council of New Zealand (ICNZ) is expecting claims for damages caused by severe flooding and landslides that struck Auckland in late January 2023 to exceed $1 Billion NZD…
Insurers in Germany have warned that new homes continue to be built in flood-risk areas in the country. In the last 23 years, over 32,000 residential buildings have been constructed…
A recent study has found that the housing market in the USA is overvalued by as much as $237 billion due to unpriced flood risk. The increasing cost of flooding…
The Insurance Council of New Zealand (ICNZ) reports that around 20,000 insurance claims have been made as a result of the catastrophic flooding in Auckland in late January 2023. Record…
Total US economic losses from the flooding in California in January 2023 could reach US$5-7 billion, according to Moody’s RMS®, the global catastrophe risk modelling and solutions company. Moody’s RMS also…
PERILS, the independent Zurich-based organisation providing catastrophe insurance data disclosed its second industry loss estimate for devastating floods in Southeast Australia in October 2022. The second estimate of the insurance…
The catastrophic flooding in California from late December 2022 to January 2023 resent a good test for the private flood insurance market, according to credit rating agency AM Best. Private…
There were 18 huge, billion-dollar disasters in the USA in 2022. Climate change helped make it the third most expensive year on record, writes Stacy Morford, Environment and Climate Editor,…
In the wake of the catastrophic floods that struck in western Germany in July 2021, the German Insurance Association (GDV) revealed that only 46% of households in the country have…
The representative body of the general insurance industry in Australia has declared an insurance catastrophe for the flooding in the state of Victoria that struck from 10 June 2021. The…
Buyer beware: single-family homes in floodplains – almost 4 million U.S. homes – are overvalued by nearly $44 billion collectively or $11,526 per house on average, according to a new…
BARCELONA, April 7 (Thomson Reuters Foundation) – As countries step up borrowing to fund COVID-19 stimulus spending, few governments are paying attention to how climate change could limit their ability…
The Federal Emergency Management Agency (FEMA) in the USA is updating the National Flood Insurance Program’s pricing methodology, the agency announced on 01 April 2021. FEMA says the changes are…
LONDON (Thomson Reuters Foundation) – As climate change hikes the risk of flooding in England, now being deluged by Storm Christoph, insurance firm Zurich UK has begun offering mental health…
The climate crisis is exacting a rising price from the worldwide insurance industry, a relief and development agency says. LONDON, 11 January, 2021 – The economic cost of the climate…
LONDON, Nov 20 (Thomson Reuters Foundation) – As climate change brings more intense storms and rising seas, Britain faces rapidly growing and shifting flood threats – something few of those…
