New NFIP rating system will transform flood pricing in 2020The US National Flood Insurance Program (NFIP) has announced a new system for rating flood risk called Risk Rating 2.0 that will become available in April 2020.
Perils pegs Townsville flood losses at $677mnLoss aggregation firm Perils has pegged insured losses stemming from the flood event which impacted the city of Townsville earlier this year at AUD$957mn ($677mn).
Flood MGA Neptune expands to six new statesAll-digital online MGU Neptune Flood has added six states to its growing footprint as it continues to roll-out its platform as an alternative to the National Flood Insurance Program (NFIP).
US flood market a $40bn insurance opportunity: MMC’s GlaserProviding flood insurance in the US has the potential to generate up to $40bn of additional revenue for the industry, the chief executive of MMC Dan Glaser has said.