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