ST. LOUIS, Mo. — Early on Election Day, highways in the St. Louis area were inundated with water. Over several days, intense storms battered Missouri, bringing six to 10 inches of rain—record-breaking amounts for November. The flash flooding killed at least five people, including two elderly poll workers whose vehicle was swept from a state highway. Mayors along the Mississippi River have watched for years as intensifying rain storms and floodin…

New Orleans CityBusiness

Mississippi River towns pilot new insurance model to help with disaster response

A novel type of insurance pool — called parametric insurance — is designed to rapidly fund emergency response after natural disasters such as flooding. Towns along the Mississippi River are experimenting with the concept.

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Arkansas Times

Reading Time:   7 minutesEarly on Election Day, highways in the St. Louis area were inundated with water. Over several days, intense storms battered Missouri, bringing six to 10 inches of rain — record-breaking amounts for November.The flash flooding killed at least five people, including two older poll workers whose vehicle was swept from a state highway.Mayors along the Mississippi River have watched for years as intensifying rain storms and f…

WisconsinWatch.org

At least two New Orleans agencies tested parametric insurance policies during Hurricane Francine – with mixed results. The post As Mississippi River towns experience whiplash between drought and flood, mayors look to new insurance model   appeared first on The Lens.

The Lens

As Mississippi River towns experience whiplash between drought and flood, mayors look to new insurance model

GateHouse Media

This story was originally published by St. Louis Public Radio. Early on Election Day, highways in the St. Louis area were inundated with water. Over several days, intense storms battered Missouri, bringing six to 10 inches of rain - record-breaking amounts for November. The flash flooding killed at least five people, including two elderly poll workers whose vehicle was swept from a state highway. Mayors along the Mississippi River have watched f…

ecotopical.com

Workers shore up a temporary levee across Main Street in Grafton, IL on May 29, 2019. The Mississippi River reached its second highest crest ever at 35.17 ft 9 days later. (Photo: Brent Jones, St. Louis Public Radio)ST. LOUIS, Mo. – Early on Election Day, highways in the St. Louis area were inundated with water. Over several days, intense storms battered Missouri, bringing six to 10 inches of rain—record-breaking amounts for November. The flash …

Tennessee Lookout

Mississippi River towns pilot new insurance model to help with disaster response  • Tennessee Lookout

The pilot will test parametric insurance, which pays out quickly after agreed-upon “triggers” – such as wind speeds or river heights – reach a certain level.

Mississippi River towns pilot new insurance model to help with disaster response

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