Risk, Actuarial science, Flood control, Insurance, Tropical cyclone, Boiler insurance

Why won't Congress fix flood insurance?

On Sep 24, 2020
@AmerBanker shared
Why won't Congress fix flood insurance? https://t.co/JuHRqOTERj
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For decades lawmakers have ignored broad structural flaws in the National Flood Insurance Program, which underpins millions of home mortgages. And the problem is only getting worse.

www.americanbanker.com
On Sep 24, 2020
@AmerBanker shared
Why won't Congress fix flood insurance? https://t.co/JuHRqOTERj
Open

Why won't Congress fix flood insurance?

Why won't Congress fix flood insurance?

For decades lawmakers have ignored broad structural flaws in the National Flood Insurance Program, which underpins millions of home mortgages. And the problem is only getting worse.

Insuring catastrophe

Insuring catastrophe

Flood insurance is sold as protection from climate change. As costs rise, it could push people from their homes instead.

Flood risk AI is now a reliable tool- is there a desire to put it to work?

Flood risk AI is now a reliable tool- is there a desire to put it to work?

Flood insurance has been a wallflower at the coverage dance- an eager participant but not able to find a suitable partner.  Innovation efforts have found suitable risk prediction partners ...

How federal flood policy is, and isn’t, addressing climate change today

How federal flood policy is, and isn’t, addressing climate change today

Reformers push for updates to flood insurance, FEMA maps, and rebuilding programs as recent disasters underscore rising costs

Insurers cherry-pick homes, leave flooded ones for feds

Insurers cherry-pick homes, leave flooded ones for feds

Taxpayers could be forced to spend billions of dollars to bail out the federal government's flood program as private-sector insurers begin covering homes with little risk of flooding while ...

As Hurricane Michael looms, a new private flood insurer offers coverage to help homeowners

As Hurricane Michael looms, a new private flood insurer offers coverage to help homeowners

A private insurer called Neptune Flood is taking on the National Flood Insurance Program that is underwater by $20 billion since Hurricane Katrina. The start-up believes its big-data ...

The Cost of Flood Insurance Is a Price Worth Paying

The Cost of Flood Insurance Is a Price Worth Paying

The National Flood Insurance Program, which Congress just reauthorized, has many flaws. That shouldn't overshadow the fact that it's absolutely vital.

Insurers Struggle To Address Climate Risk

Insurers Struggle To Address Climate Risk

The insurance industry isn’t shy about making the connection between climate change and risk.