flood Archives - Page 3 of 3 - Carrier Management

Disasters Cost Insurance Industry $20B in First Half

According to Swiss Re's preliminary sigma estimates, total economic losses from natural and man-made disasters were $56 billion in the first half of 2013, down from $67 billion in first-half 2012. ...

Insured Flood Losses In Germany At Least $5 Billion: AIR Worldwide

Catastrophe modeling firm AIR Worldwide estimates insured losses in Germany from the recent floods in central Europe at between $5.3 and 7.8 billion (EUR 4.0 billion and EUR 5.8 billion), adding that ...

$2.5 Trillion in Global Disaster Losses Since 2000: U.N. Report

Economic losses from disasters since 2000 are in the range of $2.5 trillion, a figure at least 50 percent higher than previous international estimates, according to a U.N. report. The U.N. Office for ...

AIR Worldwide Monitors Midwest Flooding

According to catastrophe modeling firm AIR Worldwide, heavy rainfall, severe thunderstorms, and flash flooding tore across several Midwest states early last week, after moist air surged ahead of a ...

Storm Rips Open Chicago Sinkhole

A rainstorm pummeling the Chicago area ripped open a sinkhole Thursday that swallowed three cars, injuring one driver badly enough that he had to be hospitalized. Blasts of torrential rain and ...

NOAA Exec Outlines Flood Claim Challenges, Warns On Storm Surge

A mandate prescribed by the Biggert-Waters Flood Insurance Reform law is a major challenge for a federal weather agency, an executive of NOAA revealed at an insurance conference recently. Edward ...