Canadian Underwriter

Keyword
flood insurance


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Excess & surplus property insurers ‘may be first’ to enter U.S. flood market if proposed reforms passed into law: S&P

June 16, 2016 by Canadian Underwriter

With the United States National Flood Insurance Program scheduled to expire in September, 2017 and the House of Representatives unanimously approving a bill intended to give consumers more choice in buying flood insurance, the market for flood coverage “may end

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Passage of U.S. flood insurance bill would boost development of private market: A.M. Best

May 27, 2016 by Canadian Underwriter

Insurance rating firm A.M. Best Company said on Thursday that it believes that pending legislation that would encourage more private insurers to write flood insurance in the United States would be a positive development for the current flood insurance marketplace

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Federal government issues second call for proposals for the National Disaster Mitigation Program

May 12, 2016 by Canadian Underwriter

Public Safety and Emergency Preparedness Canada has launched its second call for proposals for the National Disaster Mitigation Program (NDMP). The NDMP aims to reduce the impacts of natural disasters on Canadians by focusing investments on significant, recurring flood risk

Image 2 - 100-year flood footprint for Alberta
News CatastrophesInsuranceMergers and Aqcuisitions

Economical Insurance to launch overland flood coverage in 2016

May 1, 2016 Greg Meckbach, Associate Editor

Economical Insurance of Waterloo, Ont plans to launch a property insurance product that covers overland flooding this year, a company official told industry professionals Friday. “We are really looking forward at Economical to launching our overland flood coverage later this

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

More than half of all properties in New Orleans removed from special flood hazard areas

April 12, 2016 by Canadian Underwriter

Due to significant improvements in drainage and flood protection, more than 53% of all properties in New Orleans were removed from special flood hazard areas and, as a result, will benefit from more affordable flood insurance, the mayor of the