Webinar Highlights: Bridging the Troubled Water Protection Gap: How New Data, Tools Enable Better Insurance 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.
Between 5% and 15% of US properties are covered under flood insurance.
Improving infrastructure, including levees, sea walls and flood walls, helps reduce flooding.
Reinsurers believe raising awareness will drive insurer and consumer interest in flood coverage.
