Flood Insurance

Improved access to data, analytical tools, and sophisticated modeling capabilities has turned flood insurance from a virtually untouchable risk for insurers to an area of increasing business opportunity. These developments also have put the pieces in place for powerful collaborations between corporations, governments, and nonprofits to drive flood resilience for communities and businesses. Stormwater management
0 Comments
Half a billion people worldwide are affected by floods annually, and about 90 percent of all U.S. natural disasters involve flooding. The human and economic tolls are massive, and until recently insuring these risks and helping communities recover fell almost entirely on government programs.  Improved data, analysis, and modeling have helped drive private-sector interest in
0 Comments
The Federal Emergency Management Agency (FEMA) last week unveiled details of Risk Rating 2.0 ’ its plan to modernize the National Flood Insurance Program (NFIP) to make it fairer and more sustainable. The changes measuring flood danger differently ’ gauging properties’ specific risks and replacement costs, rather than simply whether they sit in a FEMA-designated “flood zone.”
0 Comments
California Insurance Commissioner Ricardo Lara is alerting citizens to review their insurance policies in order to protect themselves and their assets in anticipation of winter weather bringing the possibility of  floods, mudslides, debris flows, and other disasters to recent wildfire burn areas throughout the state. The commissioner issued a notice to insurers reminding them of
0 Comments
The Triple-I Resilience Accelerator’s flood risk visualization tool is being enhanced with: National Flood Insurance Program (NFIP) data on “take-up rates” by U.S. county from 2010 to 2021, Differences between take-up rates inside and outside of flood zones, and  in different proximities to flood zones. These additions will expand the Accelerator’s visualization from covering only
0 Comments
As wildfires continue to burn in California, Oregon, Colorado, and elsewhere ’ and people pray for precipitation to help firefighters in their efforts ’ another threat looms: mudslides.   Wet weather is in Oregon’s forecast, and the Marion County Sheriff’s Office warned that mudslides and falling trees will be a big concern with so much burned land in the county. Areas that could be seriously affected include Mill City and Gates, where much of the
0 Comments