flood insurance
Coverage of flood insurance in the Nexus archive.
- UK flood reinsurer pushes to cap claims and lift premiums
A UK flood reinsurer is pushing to cap claims and increase premiums after being burdened with expensive properties that have made its scheme 'regressive'. The move aims to address financial strain caused by high-cost properties within the Flood Re program.
- FEMA told these families they weren’t in a flood zone. Then ice came through the windows
Families in northern Michigan were told by FEMA they weren’t in flood zones, but historic spring floods caused by heavy rains and snowmelt devastated homes, exposing flaws in outdated flood mapping. FEMA’s maps, which focus on river overflows and exclude rainfall-driven flooding, left thousands without financial protection as climate change increases extreme weather risks.
- Are you adequately insured for disasters?
Sam Thomsen from the Hawaii Insurance Division discusses disaster insurance coverage for hurricanes, floods, and earthquakes, as well as risks for homeowners, renters, and car owners. The conversation covers risk reduction, AI and cyber scams in insurance fraud, and steps to take if an insurance company exits the market or refuses to renew a policy.
- No maps, no insurance: Michigan floods expose lack of information, preparation in many rural areas
Michigan's historic floods exposed gaps in flood insurance availability and outdated federal flood plain maps, leaving many rural residents unprepared. Federal Emergency Management Agency (FEMA) maps, which determine insurance requirements, lack coverage in less-populated areas and fail to account for rainfall-induced flooding exacerbated by climate change.