flood insurance statistics Archives

Flood insurance continues to baffle a fifth of all homeowners

May 3, 2013May 1, 2013 Julie Campbell

A recent survey has shown that many property owners are not aware of what coverage they do or do not have. According to the results of a recent survey of homeowners, one fifth of the participants did not clearly understand what flood insurance coverage they had, and whether or not they needed to purchase an additional policy. The survey showed that nearly twenty percent of homeowners are unaware that they are uninsured. The study was conducted by Princeton Survey Research Associates International, in combination with Bankrate.com. What it determined was…

AIR Worldwide Launches Inland Flood Model for Germany

November 7, 2011 Guest Author

BOSTON, Nov. 7, 2011 – Catastrophe risk modeling firm AIR Worldwide (AIR) released an inland flood model for Germany that offers a fully probabilistic approach for determining the likelihood of flood losses from all types of storms. The model provides insurers and reinsurers with a robust tool for managing inland flood risk – allowing companies to make informed underwriting decisions, to monitor and quantify aggregate concentrations of flood risk across their portfolios, and to assess the potential impact of less frequent but large loss events. “To meet the challenge of…