Flood

Arriving at the pure technical catastrophic premium for flood insurance is not as straightforward as it might seem.

I blogged about the risk of dam failure a couple of years ago, but the topic is in the news again, with the possible failure of the Oroville Dam in California hitting the headlines.

Most recently, the western coast of the U.S. has been pummeled by a series of powerful storms that brought significant amounts of precipitation in the form of heavy snow and pounding rain to areas in California and Nevada.

Twelve of Thailand's 14 southern provinces are currently experiencing major flooding, resulting from several days of heavy precipitation from an active northeast monsoon that has been covering the region and the Gulf of Thailand since December 1.

On October 28, 2016, the U.S. Department of Housing and Urban Development (HUD) published a proposed update to certain building standards to better protect communities and taxpayer-funded investments from flooding.

Unprecedented rainfall resulted in catastrophic flooding in Louisiana during August 2016, notably from August 8–15.

Atmospheric rivers hit the headlines from time to time.

In the winter of 2015/2016, three consecutive storms—Desmond, Eva, and Frank—brought severe flooding to the UK.

Located on the Pacific Ring of Fire, Indonesia has seen more than its share of natural disasters.

Have we become complacent about managing catastrophe risk? Will the next major disaster cause significant disruption in the industry?