After a year of record droughts followed by a year of record flooding, cooperation could be key. In the aftermath of the flooding that was experienced last year throughout many regions of the United States and Canada, the insurance industry found itself facing what could only be defined as a public relations nightmare. Residents of these hard hit zones have faced huge rebuilding costs and banks found themselves in binds. Banks in the areas that were struck by the most flooding, last year, found themselves holding mortgages for properties that…
Read MoreInsurance industry seeks climate change support
