Flood insurance

The need for more granular forecasts is becoming more pressing as climate change increases the odds of extreme weather.

Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes.

Home safety and insurance interests call for cooperation with government authorities and homeowners to mitigate risks of flood damage.

The National Flood Insurance Program, estimated to cover over 4 million homeowners, is set to lapse next Friday along with the federal budget.

Coastal habitats, coral reefs and mangrove swamps, can reduce flood losses, according to a new Swiss Re Institute study that includes analysis of flood insurance claims.

Aon, Floodbase and Swiss Re launch parametric hurricane-related storm surge insurance.

New Zealand plans to introduce legislation before the end of the year that will create a framework to help communities and businesses adapt to the impacts of climate change.

The FEMA-operated program has over 4.7 million policies in force, and lawmakers have kept it intact via dozens of short-term extensions since 2017.

Financial profiles of borrowers in the coastal areas where insurance coverage is required vary significantly from at-risk homeowners inland, CFPB's analysis found.

Ric was founded in 2023 and its first product to market will be rainfall flood, which is slated to go live in 2025.