FEMA creates and uses flood maps to identify a community’s flood risk. The maps are based on the collection of statistical data (flow, storm tides, hydrologic/hydraulic analyses, rainfall and topographic surveys) that many contend is outdated and inaccurate in the determination of a property’s actual flood risk. And that leads to property owners being ill-prepared […]
In a recent post for Property Casualty 360, Sam Friedman and Aditya Udai Signh summarize findings from a Deloitte Financial Services report on the challenges and opportunities of flood insurance privatization. While there are some advantages for private insurers to get back into the U.S. flood insurance business, given the rollback on flood insurance reform, […]