Webinar Highlights: Bridging the Troubled Water Protection Gap: How New Data, Tools Enable Better Insurance Flood Coverage
Less than a fifth of all US homes in flood regions are covered by flood insurance.
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.
Agents and Realtors should remind customers of the need for flood coverage.
About 175 carriers wrote in the US private flood market in 2020, up from 152 the year prior.
