Climate Change Means Californians Need Flood Insurance Now
Californians know wildfires and earthquakes; hurricanes, not so much. So, when Tropical Storm Hilary inundated Southern California in normally bone-dry August, it showed ...
flood insurance News
Private Flood Insurers Seize Opportunity as NFIP Falters
While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to ...
GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall
FEMA's National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021, but the program faces a potentially significant ...
FEMA Hit by Multistate Lawsuit Over Flood Insurance Rating Formula
A federal lawsuit claims FEMA failed to take into account skyrocketing flood insurance costs generated by its new rating system, Risk Rating 2.0.
When the Federal Emergency Management Agency unveiled its new Risk Rating 2.0 methodology for calculating flood insurance, advocates and critics alike warned that it ... 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 ... 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. 
FEMA Releases New Flood Insurance Rates by ZIP Code — Brace for Impact
Insured Losses For Calif. Floods $3.5-$6.5B Below Total Loss: RMS
Moody's RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500,000 and $1.5 billion, ...
Drenching In California: Most Homeowners Have No Flood Insurance
Last Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks ...
InsurTech FloodFlash Officially Launches in U.S.
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.