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
Inevitably, let’s check out Houston and Harvey. It’s not the first time we have looked at Houston (or the second, third, or fourth), because Harris County is the flooding capital of the Americas. Forget about 500 year flood zones – Houston has 6 month flood zones.
Topics: Floods, Flood Insurance, Flood Risk, FEMA, Houston
Last week, the President introduced an initiative to streamline the regulatory process around federal infrastructure construction projects (read about it here, or here). As introductions go, it was not exactly textbook, so maybe “released” is a better term than “introduced”.
Topics: Flood Insurance, Flood Risk, NFIP
Here we are in the dog days of summer, and because we can’t just write about wildfires every week it’s time for the Top 3 posts from Q2.
Topics: Natural Hazard Risk, Flood Insurance, Flood Risk, Flood News
Welcome to The Risks of Hazard, brought to you by Intermap Technologies®. From the latest industry news and trends, to insight from thought leaders around the globe, stay tuned for a variety of content aimed at helping you better understand the role of location-based intelligence in the world of insurance underwriting and risk assessment.
To see how Intermap delivers analytics tailored to your underwriting, visit our InsitePro page.