BEIJING — Devastating summer floods in the populous province of Henan in central China are a wake-up call for local authorities to seek better insurance cover against natural disasters, potentially opening up a huge market for insurers in the country. …
The 2019 flooding of the Mississippi, Missouri and Arkansas Rivers in the United States impacted 19 states and caused $20 billion in losses. Waters in Baton Rouge, Louisiana stayed above flood levels for 211 days, longer than any flood in …
A recent report on urban flooding conducted by the Center for Neighborhood Technology (CNT) found that, when aggregated by ZIP code, there is no correlation between property damage claims and recognized floodplains. According to the report, when it comes to …