Recent U.S. hurricane activity and severe flooding from coast to coast have amplified the cost of being uninsured, and just because it hasn’t previously flooded in an area doesn’t mean that it can’t happen.
Tag: severe flooding
Aon Releases September Flood Impact Estimate
Total economic and insured losses from severe storms and flooding that hit several regions including the New York metro area in late September could reach into the hundreds of millions of dollars, Aon PLC said in a report Friday.
NOAA’s 1-in-100 Year Flooding Can Now Be Expected Every 8 Years
According to First Street Foundation, in the most extreme cases, over 20 counties in the US – home to over 1.3 million people – are expected to experience the current “1-in-100 year flood” severe event at least once every 8-10 years.
Even as Floods Worsen, Fewer People Insure Against Disaster
Despite years of devastating flooding and hurricanes, the number of Americans with flood insurance remains well below its level a decade ago, undermining the nation’s ability to cope with disasters just as climate change makes them more frequent and severe. In some of the states hardest-hit by the recent brutal flooding in the Midwest, the… Continue reading Even as Floods Worsen, Fewer People Insure Against Disaster
Severe Weather Continues in U.S with Further $1Bn+ of Damage Expected: Aon
Aon expects economic losses to once again exceed $1 billion, after severe thunderstorms and flooding continued to impact Central and Eastern areas of the U.S through the week of May 24-30. The broker anticipates that insurers and reinsurers will cover the majority of wind and hail-related damage during this period. Losses will follow an extremely… Continue reading Severe Weather Continues in U.S with Further $1Bn+ of Damage Expected: Aon