Flood
Best practices for underwriting natural catastrophe risk
Taking into consideration the nuances of the property you’re insuring can help you take charge of multifaceted risk factors.
Sewer backup: Paddling into flood insurance insights
When confronting the sewer backup peril, understanding both coverage & related weather factors can help you better understand and account for your policyholders' exposure
FEMA study shows stringent building codes save billions in losses from natural disasters
ISO's Building Code Effectiveness Grading Schedule (BCEGS) was among the key sources for a FEMA study that demonstrated that building codes reduce financial losses in…
From autonomous vehicles to COVID-19, a changing world multiplies risks and opportunities
Drones, autonomous vehicles, legal marijuana, floods, and pandemics are among the developing challenges for the insurance industry discussed during the Verisk Velocity…
Commercial properties may be shut, but it’s open season for spring flooding
The COVID-19 pandemic has the full attention of commercial insurance policyholders, but an active spring flooding forecast still presents a range of threats.
Addressing the global catastrophe protection gap
The “protection gap” illustrates insurers’ potential for growth and society’s need for protection. Learn more in AIR Worldwide's Global Modeled Catastrophe Losses report.
Private personal flood market whips up a wave of opportunity
Private personal flood insurance market has new tools and data to support a comeback—and substantial, measurable potential for insurers that are ready to make strategic…
Flooding on Russian River highlights a measurable exposure
The near-record flooding of Guerneville, California, from the overflowing the Russian River in late February was a remarkable but foreseeable event. Extensive data…
AER and team demonstrate benefits of using machine learning in subseasonal-to-seasonal forecasting
A team from Verisk's Atmospheric and Environmental Research (AER), Massachusetts Institute of Technology (MIT), Microsoft Research, and Stanford University published an…
WaterLine offers location-specific risk analytics for flood
As growing numbers of U.S. homes and businesses become vulnerable to flooding, private insurers are seeing a potential new pathway for profitable growth—but they need…
Why Hurricane Michael's landfall is historic
Michael will be recorded as the most intense hurricane on record to have struck land in the North Atlantic basin (which includes the Gulf of Mexico and Caribbean) in the…
How insurers can take back control of flood risk
The insurance industry has been largely content to let coverage flow through the government’s National Flood Insurance Program (NFIP), with limited availability in the…
Why climate change and hurricane stalls mean flooding rain
For the second time in the last two years, hurricane precipitation in the U.S. was exacerbated by incredibly slow movement as Florence impinged on the Carolina coastline.
A flood is not always a flood
For agents, fallacies about flood insurance coverage can lead to dissatisfied customers, and an uninsured or under insured flood loss may provoke a lawsuit.
Lessons learned from 2017 hurricanes help insurers for this season
As we prepare for this year's hurricane season, it’s important to look back on last year’s losses to uncover ways insurers can handle claims more effectively and…