Daily Fintech Conversations

The Changes Underway in the Flood Insurance Market

Originally published at: https://dailyfintech.com/2021/03/18/the-changes-underway-in-the-flood-insurance-market/

Flooding is the number-one natural peril in certain advanced markets, superseding wildfire and storm. Millions of properties are at substantial risk – and frequency and severity of floods on the rise. Still, gap in flood insurance is inordinately high, with <5% of exposed single-family homeowners in US having coverage. Globally since 1980, flooding accounted for…