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.
Reinsurers believe raising awareness will drive insurer and consumer interest in flood coverage.
About 175 carriers wrote in the US private flood market in 2020, up from 152 the year prior.
Between 5% and 15% of US properties are covered under flood insurance.
FEMA maps cover only a portion of U.S. coastline and inland waterways.
