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
Here is a Reuters article from July (pre-Harvey and the rest of this year’s storms) that explores how parametric flood insurance is a viable way to get necessary coverage in place to help cover the vast Asian protection gap. A little extra research turns up parametric programs in Bangladesh, and then China. Very cool stuff.
Topics: Flood Insurance, Insurance Protection Gap, NFIP, Houston
Last week, Catherine and I were in San Diego with colleagues and friends at the WSIA (Wholesale and Surplus Insurance Association), which is the combination of NAPSLO and MGAA. Last year was my first time at this show, and everything I wrote about it last year I would write again. This year the event was held two weeks after Harvey, and while Irma continued to storm in the southeastern states. Needless to say, flood was an ubiquitous topic of conversation.
Topics: Conferences, Flood Insurance, Flood Modeling, Insurance Protection Gap
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