FEMA’s changes to flood risk may include stronger flood insurance mandates.

Stronger flood insurance mandates may be on the horizon in the United States as FEMA prepares to adjust their flood risk assessment system. A reason to be hopeful: “Technology is changing the way the insurance industry understands and measures risk” to allow risk and insurance professionals to properly analyze and communicate these changes internally with stakeholders and externally with clients.

#risktech #insurtech #riskmanagement #floodrisk #climaterisk

https://www.propertycasualty360.com/2021/03/23/will-the-nfips-new-flood-risk-model-solve-the-insurance-gap/

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