U.S. Private Flood Insurance: The Journey to Build a New Market

Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for residential flood coverage from admitted private insurers would never exist. In recent years, however, we’ve seen the private flood sector grow rapidly—growth that we believe will continue until the new market significantly closes the U.S. flood “protection gap.”………..Read More