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