uninsured flood losses News

Flood Damage Caused by Hurricane Harvey Boosts Insurance in Texas

Little more than two months before Hurricane Harvey slammed the Gulf Coast of Texas, Alberto Castaneda let his home’s flood insurance lapse. He had never filed a claim on the policy in 10 years and he needed the extra cash …

Louisiana Flooding to Cost Economy $10 Billion; 80% of Damaged Homes Uninsured

The total economic losses of the recent Louisiana floods will be in the range of $10-15 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Public and private insured losses were expected to be in the low-digit single …