3 Trends Impacting the Flood Insurance Market
The exposure to flood losses has forced more residents and business owners to purchase flood insurance, while insurers are reevaluating the extent of their risks.
Flood
3 Ways Agents Can Help Clients Understand Flood Insurance Coverage
Despite the frequency of flooding, inflation and an uncertain economic outlook can make flood insurance a difficult sell.
FloodFlash Brings Parametric Insurance to the U.S.
FloodFlash aims to close the gap for businesses without flood coverage or that have coverage with large deductibles in place.
Changes in the Flood Market Are Raising Awareness of Insurance Options
With changes in the frequency and severity of flooding events, opportunities are considerable for the continued evolution of the flood insurance market.
From The Front Lines: Flood Insurance
“Both the NFIP and the private market will remain extremely important,” says independent agent Jeffrey Wyrsch. “We need to have both because they both offer advantages in different situations.”
The Push to Increase Flood Insurance Participation Makes Waves
Mandatory flood insurance purchase requirements have covered flood losses that would have otherwise been uninsured.
Big ‘I’ Member Chris Heidrick to Testify in Congress on Flood Insurance
The hearing, which will be livestreamed, will examine the availability of flood insurance in the United States and the steps that can be taken to increase take-up rates.
SageSure Announces Innovative Private Flood Insurance in Texas
SageSure will offer comprehensive, full limits flood coverage so homeowners can fully protect their home and personal property under their home insurance policies.
Only 2% of California Homeowners Have Flood Insurance
As the recent string of storms and flooding on the West Coast have likely hit property owners with unmitigated costs, many Americans mistakenly believe they are covered against floods, according to Neptune Flood.
Omnibus Package Nears Finish Line, Includes Key Big ‘I’ Priorities
If passed by the Dec. 23 deadline, the $1.7 billion bill would extend the National Flood Insurance Program (NFIP), strengthen Americans’ retirement savings, and support crop insurance programs.
