Flood insurance

The Homeowner Flood Insurance Transparency and Protection Act would temporarily give consumers with higher rates the option to revert to previous lower pricing.

Climate impacts are also making it more expensive to insure homes against these threats.

In other news: Betterview partners with Carpe Data; 101 Weston Labs opens accelerator applications; Openly teams up with Antigem.

Using machine learning technology, the solution analyzes property features and flood risk information.

The discrepancy in value was particularly significant in counties along the coasts in places where disclosure of flood risk isn't required in real estate transactions, according to a report published Thursday in the journal Nature Climate Change.

The National Flood Insurance Program is a primary source of flood insurance but Risk Rating 2.0, could change that.

Among the special session charges: "Improve the financial stability of the Citizens Property Insurance Corporation," Florida's bond-funded insurer of last resort.

There's a growing collective effort by national regulators, state governments, insurers and banks to address impacts of a warming planet.

Startup Centinel building a new parametric insurance service that automates claims

The change, effective Dec. 21, is being put into place two years after it was first proposed.

New Zealanders are not alone in struggling to price the risk to property that comes from sea level change and flooding.

Capgemini, III report looks at mitigation options in insurers' hands.

Only 18% of all Florida homes -- of which there more than 10 million, per census data -- have flood insurance, according to the III.

Potential homebuyers who reviewed property listings that included flood risk were less likely to look at and bid on homes in areas with a severe risk of flooding.

Swiss Re Institute finds growing flood losses, underinsured homeowners.

More news: MassMutual on iPipeline’s iGO and Neptune Flood partners with SIAA.

The industry’s reliance on historical loss data and traditional catastrophe models is limiting its understanding of future climate risks.

Lawmakers on the Senate Banking Committee voiced some scattered support for changes to improve the finances of the National Flood Insurance Program, but comprehensive reform appears out of reach. 

Tornado damage can leave lasting financial burdens on the homeowners they affect.

Farmers, CNA and The Hartford share resources.