InsurTech FloodFlash Officially Launches in U.S.
Parametric flood insurer FloodFlash announced that it has entered the U.S., aiming to augment the market by using its parametric technology to make flood insurance ...
flood insurance News
Flood Insurance Coverage Perceptions Out of Whack With Reality: Survey
Three quarters of over 1,000 homeowners surveyed across 40 states earlier this year said they have flood insurance coverage, but the true number is less than 5 percent, according to a report ...
FloodFlash Eyes Parametric Splash in U.S.
Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023.
Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, ... Flood insurance may be a canary in the coal mine when it comes to the lasting impacts of climate change. Aon Edge CEO John Dickson ...
FEMA Flood Maps Are Misleading, Blocking Insurance Uptake: Report
Navigating Flood Insurance Challenges in a Rapidly Changing Environment
Requiring Citizens’ Policyholders to Also Buy Flood Insurance Could Address Problems
Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected to be as high as $16 billion – almost half as much as insured ...
Unrated Insurers at Risk From Ian; Reinsurers Impacted: Fitch
Offering an initial estimate of $25-$40 billion in insured losses from Hurricane Ian, Fitch Ratings said that P/C insurance and reinsurance company credit ratings are unlikely to be downgraded as a ...
Experts Say Slower Start to 2022 Atlantic Hurricane Season Shouldn’t Deter Insurers
While the 2022 Atlantic hurricane season has seen slower activity at the beginning, experts are warning that doesn't mean insurers and their clients should let their guards down. In fact, the U.S. ...
Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens
Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration lingered at just 18 percent, according to Swiss Re Institute's ...
Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
Young homeowners are more concerned about the damage climate change-related extreme weather could do to their homes, according to a new survey from Policygenius. The survey found that 72 percent of ...