The SLR Factor: As Sea Levels Rise, the Flood Risk Equation Changes. – Actuarial Review Magazine
Article Synopsis – Rising seas are beginning to challenge traditional assumptions for underwriting property risk, which could impact flood-specific coverage, including the U.S. National Flood Insurance Program (NFIP), residential and commercial carriers, excess insurers, state-specific flood risk pools and the reinsurers that back them. Insurance plays a critical role in informing policyholders of the true cost of risk. As the actual risk increases, there will likely be affordability challenges for property owners and their insurers. To read the actual article click here.