Flood insurance protection: Challenges for small business, FEMA and NFIP

Recently, Business Insurance highlighted a white paper sponsored by ACE Insured concerning flood insurance (“Innovations in Flood Insurance Protections” by Jeremiah Konz).  An excerpt: In the aftermath of Superstorm Sandy, many corporate risk managers whose organizations had experienced a flood loss from the hurricane were distressed by their inability to acquire adequate limits of insurance to absorb future flood losses that might occur during the remainder of the policy period...

Life on the Mississippi: Costs & Benefits

In April and May 2011, residents along the Mississippi River experienced the area’s largest flood in modern history – even worse than the historic 1927 floods.  The floods affected more than 21,000 homes and businesses and 1.2 million acres of farmland in seven states. ..

Public private partnership opportunities: Flood risk reduction projects

Q: Which natural disaster during the past 30 years has caused the greatest loss of life and property value? A: Flooding Since the 1980s, according to the National Weather Service, flooding has flooding accounts for 90% of annual damages and loss of life associated with earthquakes, tornados, hurricanes, and other natural disasters...