Webinar Highlights: Bridging the Troubled Water Protection Gap: How New Data, Tools Enable Better Insurance Flood Coverage
Homeowners believe flood coverage is expensive and floods won't happen to them.
FEMA's definition of 100 year flood plain doesn't take into account issues of climate change and sea temperatures.
Reinsurers believe raising awareness will drive insurer and consumer interest in flood coverage.
Improving infrastructure, including levees, sea walls and flood walls, helps reduce flooding.
About 175 carriers wrote in the US private flood market in 2020, up from 152 the year prior.
