The Risks of Hazard

As this blog likes to point out, the best way to evaluate flood risk is with risk scoring. We could look back at how it improves underwriting, we could watch it in action, how it works, or go deep into how it works in a specific region (like California’s Central Valley).

Topics: Flood Insurance, Insurance Protection Gap, Canada Flood Risk

 

This week I’m attending the Singapore International Reinsurance Conference (SIRC), the largest Asian gathering of the reinsurance industry, including brokers and reinsurers, and the cedants who are their clients. The first thing I learned is that reinsurers are rejecting their recent labeling as “traditional reinsurers”, as new “alternative” capital moves into reinsurance. They now prefer to call themselves “professional reinsurers”. Sounds good!

Topics: Flood Insurance, Insurance Protection Gap, Effective Underwriting

It is time to name a 21st century phenomenon by which bad news or possibilities are blown out of  proportion. Examples would be self-diagnosis on the web (by which sniffles can turn into brain cancer), or the appearance that events in the news are worse than they actually are. Maybe we could call it “Negativity Amplification”. We could even look at Harvey to explore it.

Topics: Flood Modeling, Flood Risk, Insurance Protection Gap, Houston

With the NFIP’s reauthorization delayed until at least December, there remains a few months to read about potential changes to the program. One such change was described last week in Insurance Journal – the cancellation of NFIP coverage for new homes in the Special Flood Hazard Area (SFHA).

Topics: Flood Modeling, NFIP, Government

As ever, time is flying, and it’s almost the holiday season of 2017. The good news about fast moving calendars is that we can get to our latest Top 3 blogs from the summer.

Topics: Geocoding, Effective Underwriting, NFIP, Houston