Tropical Storm Rachel hurricane updates: California floods and damage
Tropical Storm Rachel hurricane brings flash floods, damaging surf and strong winds to Southern California, forcing Long Beach evacuations and threatening San Diego
Flood Insurance News
Stay informed with Flood Insurance News Today from Beinsure, covering flood insurance market updates, rates, pricing, claims, underwriting, regulation, coverage and catastrophe risk. Follow commercial flood insurance developments involving coastal exposure, severe weather, storm losses, risk modeling, flood maps, mitigation and insurer capacity. Track updates from insurers, brokers, reinsurers, policyholders, public programs and private flood insurance markets, with expert analysis, market data and industry trends shaping costs, availability, claims and flood risk management across the United States and global markets.
86% of high-risk US properties lack NFIP flood insurance coverage, GAO finds
GAO finds 86% of high-risk US properties lack NFIP flood insurance and recommends broader risk mapping, higher coverage limits and mortgage reforms
reThought Flood expands private flood insurance distribution through Vertafore
reThought Flood selects Vertafore PL Rating to expand private flood insurance distribution, reaching over 10,000 agents and 320 insurance carriers and MGAs
Hurricane Isaias forecast to bring dangerous storm surge from Louisiana to Florida
Hurricane Isaias heads toward the US Gulf Coast with 80 mph winds as storm surge and hurricane warnings stretch from Louisiana to Florida
Hurricane Isaias becomes first hurricane of 2026 Atlantic season, with storm and flooding
Hurricane Isaias has become the first hurricane of the 2026 Atlantic season as it strengthens over the Gulf of Mexico and heads toward the northern Gulf Coast
Flood watch in Florida as heavy rain raises coastal flood threat
Heavy rain, coastal flooding and dangerous rip currents threaten Florida as a stalled front keeps parts of the state wet through late week
Florida emergency declared as Tropical Storm Isaias strengthens
Florida has activated emergency measures across 25 counties as Isaias strengthens in the Gulf, with flooding, strong winds and tornado risk ahead
Tropical Storm Isaias targets Gulf Coast as hurricane
Tropical Storm Isaias is forecast to rapidly strengthen in the Gulf, threatening Louisiana and Florida with hurricane winds, surge and flooding
Aviva CEO Amanda Blanc calls for AI skills update and warns on flood risk
Aviva CEO Amanda Blanc urges new insurance AI standards while warning that homes built in flood zones risk becoming uninsurable
El Niño shifts US weather risks after unusually quiet hurricane season
The Atlantic enters October without a hurricane as a strengthening El Niño raises winter risks from heavy rain, flooding and tornadoes in Florida
Neptune Insurance brings flood insurance shopping to AI agents
Neptune, the largest private flood insurance provider in the U.S., is opening another route to coverage through AI agents such as Meta’s Muse
Hurricane Nolo adds to Hawaii losses after $211 mn property damage
Hurricane Nolo brings flooding, wind and outages to Hawaii after $211 mn in state property damage, while prior storms drove major insured losses
Hurricane Polo remnants bring flood watch across New Mexico
Hurricane Polo remnants and moisture from Tropical Storm Odalys bring heavy rain and flash flood risk across New Mexico through Tuesday night
Kelvin wave tied to El Niño is moving toward California, increasing coastal flood risk
A Pacific Kelvin wave tied to El Niño is moving toward California, with sea levels expected to rise by up to 1 foot and increase coastal flood risk
Nor’easter brings flood and wind losses across US East Coast
A strong nor’easter brings coastal flooding, heavy rain and damaging winds across the US East Coast, with further rain expected in the Northeast
Orion180 Insurance Group seeks up to $340 mn in US IPO
Orion180 plans to raise up to $340 mn in a US IPO, valuing the specialty homeowners and flood insurer at about $1.7 bn at the top of the range
NFIP subsidies remain concentrated in Florida and higher-value properties
Neptune Flood Research Group estimates $2.6 bn in annual NFIP subsidies remain, with Florida receiving nearly half and higher-value properties taking a large share
SpaceTech ICEYE partners with Water Institute on predictive flood intelligence
ICEYE partnered with The Water Institute to add FloodID predictive modeling to its satellite-based flood intelligence services for US users
Nepal floods could drive insurance losses above $132 mn
Nepal’s floods could produce more than $132 mn in commercial insurance losses, with hydropower projects expected to account for most claims
Philadelphia residents get 15% NFIP flood insurance discount
Philadelphia residents receive a 15% discount on eligible NFIP flood insurance policies issued from April 2026, saving about $424,000 annually
Citizens Property Insurance sends 45,000 Florida homeowners non-renewal notices
Citizens Property Insurance sent 45,000 Florida homeowners non-renewal notices as the state-backed insurer continues shrinking its policy count
Flood and storm risks reshape catastrophe insurance
RiskScan data shows flood, winter storms and thunderstorms driving concern as localized disasters pressure P&C pricing and preparedness
US flood insurance gap exposes households to $375 bn in losses
Moody’s says the US flood insurance gap has reached 65%, leaving households and local governments exposed to more than $375 bn in uninsured losses
FEMA funds Mid-Atlantic hazard mitigation projects
FEMA opened FY 2026 hazard mitigation funding for projects in Delaware, Maryland, Pennsylvania, Virginia and West Virginia
Coastal flood risk now 12 times higher, study finds
New research finds extreme coastal floods are now 12 times more likely as human-driven climate change pushes sea levels higher worldwide
Neptune Insurance prices secondary stock offering and planned share buyback
Neptune Insurance Holdings, the parent company of Neptune Flood Incorporated, has priced a public offering of 9,841,395 shares of Class A common stock
Neptune Flood launches ChatGPT quoting app as growth accelerates
Neptune Flood introduced a ChatGPT quoting app, extending automated flood insurance access while reporting strong 2025 growth across revenue and written premium
Outdated flood maps drive debt in US National Flood Insurance Program
The National Flood Insurance Program provides flood coverage to households and businesses across the United States
FEMA updated flood maps with 6M window before new insurance rules take effect
FEMA has issued final pending flood maps that may change mandatory flood insurance requirements, giving homeowners six months to review potential impacts before they become effective
Wisconsin DNR warns flood risk rising as wettest decade hits state
Wisconsin officials urge residents to assess flood risk and insurance options during Flood Insurance Awareness Week as flooding remains the state’s most common hazard
Asia floods cause $20 bn losses, exposing rising climate risk
Deadly floods across South and Southeast Asia killed over 1,300 people and caused $20 bn in losses, highlighting growing climate and economic risks
Cyclone Gabrielle machinery dispute shows how strict insurance policy terms bite
A forestry firm loses an $85k claim after moving equipment without insurer consent, raising questions about recovery wording and disaster-response realism
National Flood Insurance Program extended to Jan 2026 as pressure mounts to overhaul FEMA operations
Congress extends NFIP to Jan 2026, triggering renewed calls to reform FEMA and pursue long term flood insurance stability beyond short lived funding deals
Wright Flood to acquire Poulton Associates as private flood insurers gain ground
Wright Flood, a Brown & Brown unit, moves to buy Poulton Associates amid NFIP shutdown fallout and shifting demand for private flood insurance
October storms bring $100 mn+ insured losses across U.S. coasts and Alaska
A series of severe storms across the U.S. and Alaska in mid-October could leave insurers with losses in the hundreds of millions
Insured NatCat losses for 9M 2025 exceeded $105 bn – Gallagher Re
Gallagher Re Q3 report shows insured cat losses at $105bn YTD, below average but still sixth straight year over $100bn; warns volatility and unmodeled risks ahead
PERILS pegs Central Europe, Italy flood losses at €2.15 bn in final report
PERILS sets final insured loss for Sept 2024 Central Europe and Italy floods at €2.15bn, citing Austria, Czech Republic, and Poland as hardest hit
CatIQ estimates loss for Hurricane Debby floods: C$2.806 bn in insured damages
The flooding followed the remnants of Hurricane Debby and has generated total insured losses of C$2.806 bn, a slight decrease from the previous estimate of C$2.817 bn
AI insurtech Floodbase launches on-demand U.S. flood mapping tool for insurers
Floodbase has rolled out a near-real-time flood mapping platform across the continental U.S., offering on-demand event-based licensing
U.S. flood insurance market grown, but only 4% of U.S. homeowners have flood insurance
The U.S. private flood insurance market has grown quickly in recent years, showing favorable underwriting results, but it remains a small part of the property/casualty industry
Insurance Australia Group estimated natural perils costs at A$1.1 bn
Insurance Australia Group Ltd. raised its fiscal-year 2025 guidance as estimated natural perils costs are projected at A$1.08 bn
Flood Re secured £140 mn in retrocession reinsurance coverage with catastrophe bond
Flood Re has secured £140 mn in retrocession reinsurance coverage with its first catastrophe bond, Vision 2039 – Series 2025-1
Flood Re launches Flood Bus, named Flo, to promote flood resilience in Scotland
Flood Re is introducing a new Flood Bus, named Flo, as part of a national effort in Scotland to strengthen property-level flood protection and help communities prepare for future flooding
Flood events accounted for $18.2 bn in international Q4 catastrophe losses
Flood events accounted for $18.2 bn in international fourth-quarter catastrophe losses, led by October floods in Valencia, Spain
Perils revised its estimated insured losses for floods in Central Europe & Italy
PERILS has disclosed its second industry loss estimate for the floods in Central Europe and Italy to €2.08 bn
Insured losses surpassed C$110 mn following severe storms & flooding in Canada
Insured losses have surpassed C$110 mn following severe storms and flooding in southern British Columbia, as reported by Catastrophe Indices and Quantification
Insurance regulators in the US, UK and Japan are strengthening oversight of asset-intensive reinsurance, targeting counterparty credit risk, recapture reserve adequacy
US 30-year mortgage rates reached 7.55% as refinancing and purchase applications declined, raising monthly costs and pushing more borrowers toward ARMs
Google and CoverGo examine how Agentic AI could reshape insurance operations, underwriting, data architecture, governance and human oversight
Mastiffs top the list of the most expensive dog breeds for pet insurance, with annual premiums averaging $2,546, according to Insurify data