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).
Last week, we were at the Flood Risk Summit in Toronto. It was a forum intended to share information among insurers, brokers, and government (local and provincial). It was amazing to see what is happening in Canada on flood insurance, and definitely worth a review here.