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…
Neptune Flood Incorporated, the first all-digital, online flood insurance company has announced it has opened for business in Arkansas, Idaho and Illinois. The 6.7 million households in these three states…
Clear proof of ownership, legal experts say, is the key to unlocking vital government aid after a hurricane sweeps through. WASHINGTON, July 17 (Thomson Reuters Foundation) – Torch, radio, whistle…
Editor’s note: The Trump administration plans to significantly revamp the pricing of flood insurance. While some homeowners would see their premiums rise, others would benefit from lower rates. We asked…
The Federal Emergency Management Agency (FEMA) announced that it is submitting a claim to recover the full $1.042 billion in reinsurance coverage under its 2017 Reinsurance Program. In November this…
A group in the USA representing environmental, insurance, housing and disaster mitigation interests is urging regulators to implement proposal to expand consumer choice for US flood insurance program. The National…
RMS, the world’s leading catastrophe risk management firm, estimates that insured losses for the U.S. from Hurricane Matthew will fall between $1.5 and $5 billion. In the Caribbean, RMS estimates…
RMS, the global catastrophe risk management firm, estimates that the insured loss associated with wind and coastal flooding from Hurricane Hermine will not exceed $400 million. This figure includes property…
The U.S. National Flood Insurance Program, which holds policies for more than 5 million homes, is $23 billion in debt after a string of natural disasters this century. As climate…
The floods that damaged a significant portion of Louisiana’s capital region last month could stress the state’s narrow cash balance, but will not likely impact US commercial mortgage-backed securities (CMBS)…
Catastrophe modeling firm AIR Worldwide estimates that industry ground-up insurable losses from the flooding in Louisiana caused by excessive rainfall during August 2016 will be between USD 8.5 billion and…
The devastating floods that hit Louisiana in August 2016 are expected to cost the US economy between US$10 billion and US$15 billion according to Aon Benfield’s latest Global Catastrophe Recap…
The National Insurance Crime Bureau (NICB) in the USA estimates that 100,000 insured vehicles were damaged during the August floods in Louisiana. NICB add that there could be many uninsured…
A report by Swiss Re, the reinsurance group, estimates that insured losses from both natural and man-made catastrophes rose by 51% to USD 31 billion in the first half of…
Major insurer calls for an end to government subsidies that encourage expensive house-building schemes in areas of the US at high risk of floods and storms, by Kieran Cooke for…
In their Global Catastrophe Recap report for this month, Aon Benfield say that total insured losses from the severe weather events at the end of December in the US and…
