Keyword
New Orleans
National Flood Insurance Program contributes to ‘development in flood prone areas,’ NWF executive testifies
June 12, 2017 by Canadian UnderwriterPrivate insurance companies in the United States are “clamouring” to write flood risk for properties while the nation’s National Flood Insurance Program encourages development in floodprone areas and needs to be “significantly reformed,” speakers recently told a committee of the…
Aon unit pegs economic loss from Matthew at US$15 billion
April 24, 2017 by Canadian UnderwriterHurricane Matthew, which is estimated to have caused $150 million in economic losses in Canada alone and killed more than 600 in the Western hemisphere, set several records, Impact Forecasting LLC said in a report released Monday. Hurricane Matthew officially…
Transportation Safety Board calls for ‘clear standards limiting’ airplane approaches and landings in thunderstorms
April 3, 2017 by Canadian UnderwriterUnless Canadian airports have systems that alert air crew to wind shear, aircraft “may be exposed to the risk of approach-and-landing accidents,” the Transportation Safety Board of Canada warned in a recent investigation report. TSB released Tuesday an investigation report…
Dozens injured in tornadoes across southern Louisiana
February 8, 2017 Kevin McGill - THE ASSOCIATED PRESSNEW ORLEANS – Brittany Ross remembers she was savoring the smell of her aunt’s simmering white beans when the storm that injured about 40 people in southeastern Louisiana hit. “The place started shaking, kind of twisting,” she said Tuesday as…
Nearly 60,000 single-family homes in New Orleans to move out of special flood hazard areas by end of September: CoreLogic
August 30, 2016 by Canadian UnderwriterNearly 60,000 single-family homes in New Orleans with a reconstruction cost value (RCV) of more than US$12 billion will move out of Special Flood Hazard Areas (SFHAs), according to updated maps published by the Federal Emergency Management Agency (FEMA). Officially…
More than half of all properties in New Orleans removed from special flood hazard areas
April 12, 2016 by Canadian UnderwriterDue 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…