Insurers receive 4360 claims from latest NSW flood – Daily – Insurance News

Insurers have received 4360 claims since Friday related to the storms and flooding in NSW, the Insurance Council of Australia (ICA) says. The ICA has declared it a significant event – stopping short of declaring an insurance catastrophe but saying it may do so if there is a large increase in the number or complexity … Read more

Gully Grows Near Flagstaff After Flood Mitigation Conflict

FLAGSTAFF, Ariz. (AP) — Twelve years ago, a handful residents in the Timberline neighborhood east of Flagstaff declined to grant Coconino County the easements required for the completion of flood mitigation projects. Now, current residents are bearing the consequences. For Brian Skinner, who lives off a Brandis Way side street in the north area of … Read more

Climate change, poor planning: Decoding Assam’s mounting flood ferocity

Every year, around this time, life comes to a complete standstill in Assam, pounded by relentless rain and subsequent landslides and floods, the intensity of which have only been on the rise, leading to increased loss of lives and property. Experts have pointed out that floods in the two … Read more

Aon Incorporates Climate Science Into European Flood Models

Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for underwriting, reinsurance and regulatory requirements. The models are being enhanced through Aon’s ongoing collaboration with the Karlsruhe Institute of Technology (KIT), Aon said. … Read more

How Addressing Socioeconomic Inequality Is Key to Building Flood Resilience

New You can now listen to Insurance Journal articles! This content first appeared in BRINK. BRINK is supported by Marsh McLennan Advantage and managed by Long Dash. It is republished here with permission. Flooding is the most pervasive among natural disasters. According to the Zurich Flood Resilience Alliance, floods affect more people globally than any … Read more

Flood claimants question ‘like-for-like’ replacements – Local – Insurance News

Flood claimants question ‘like-for-like’ replacements 27 June 2022 Victims of this year’s record-breaking floods are increasingly asking insurers to help make their properties more resilient as they rebuild – but policies usually specify like-for-like replacements. The Insurance Council of Australia (ICA) says insureds are consistently asking about the issue at community forums. But it says … Read more

Garuda Aerospace drones deployed in Assam flood rescue operations

Integrated drone manufacture and drone-as-a-service (DAAS) provider Garuda Aerospace Pvt. Ltd has deployed its drones in Assam to support the state disaster management department’s rescue efforts amid the ongoing floods and landslide situation. The drones are being used to deliver emergency food and medicines packets to survivors and victims, … Read more

Latest news LIVE updates: Assam flood situation worsens; 7 more die

Assam’s flood situation remained grim as seven more people died due to the calamity on Thursday taking the toll to 108, while Chief Minister Himanta Biswa Sarma made an aerial survey of severely affected Silchar town. The total population affected by the current wave of flood, however, registered a decline to … Read more

Yellowstone Reopens After Changes Wrought by Flood

Hundreds of cars, trucks and recreational vehicles were backed up in long lines at entrances to Yellowstone National Park as it partially reopened Wednesday morning following record floods that reshaped the park’s rivers and canyons, wiped out numerous roads and left some areas famous for their wildlife viewing inaccessible, possibly for months to come. Park … Read more