Warming oceans are increasing the intensity and severity of atmospheric rivers. These weather patterns can drop inches of rain in just a few hours, often leaving catastrophic flooding in their wake, and posing a new risk for West Coast homeowners.
Risk Rating 2.0 rate increases are beginning to bite in places like Louisiana, where homeowners could see prices go up by more than 500% over the coming decade.
With half a million Florida households set to see signficant increases to their flood insurance in 2022, private market flood insurers are poised to offer lower cost, higher quality alternatives to the NFIP.
Dramatic flooding, fires, and other weather events are disrupting insurance markets nationwide.
Solving the flood and quake protection gap with world-class technology