{"id":22051,"date":"2024-06-24T16:15:59","date_gmt":"2024-06-24T16:15:59","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=780888"},"modified":"2024-06-24T16:15:59","modified_gmt":"2024-06-24T16:15:59","slug":"markets-coverages-floodflash-offers-parametric-flood-product-across-us","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/06\/24\/markets-coverages-floodflash-offers-parametric-flood-product-across-us\/","title":{"rendered":"Markets\/Coverages: FloodFlash Offers Parametric Flood Product Across US"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/img\/social\/opengraph\/ij-social-flood-1200x630.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2024\/06\/24\/780888.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2024\/06\/24\/780888.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>FloodFlash announced its expansion to cover all mainland US locations.<\/p>\n<p>The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets are unable to quote, particularly in real estate, sports and entertainment, manufacturing, energy and healthcare lines.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"flood,parametric\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>In January, the insurtech announced an expansion to 10 states in addition to the launch states of Florida, Texas, California, Virginia, and Louisiana. As a result of a binder expansion with Munich Re Specialty \u2013 Global Markets, Syndicate reacting to broker demand, quotes can now be obtained anywhere in the mainland US.<\/p>\n<p>This announcement follows other program launches by <a href=\"https:\/\/floodflash.co\/us\/\" target=\"_blank\" rel=\"noopener\">FloodFlash<\/a> such as programs for <a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2024\/05\/10\/773707.htm\" target=\"_blank\" rel=\"noopener\">dealer lot businesses<\/a>, golf and country club clients, as well as for clients seeking parametric insurance for a <a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2024\/04\/15\/769898.htm\" target=\"_blank\" rel=\"noopener\">business interruption solution<\/a>.<\/p>\n<p>\u201cThe combination of hard market pressures and a relatively benign 2023 hurricane season, has seen many coastal clients retaining record-high levels of storm and surge risk,\u201d said FloodFlash US Commercial Director, Rich Coyle. \u201cCarrying forward those retention levels will leave many insureds watching on nervously as we move through hurricane season. \u201cFor the businesses that don\u2019t have the limits they need, the best time to develop physical and financial resilience to hurricanes is right now.\u201d<\/p>\n<p><strong>Related: <\/strong><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2022\/12\/06\/697853.htm\" target=\"_blank\" rel=\"noopener\">FloodFlash Eyes Parametric Splash in US<\/a><\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/location\/usa\/\" class=\"btn btn-sm btn-primary tagtag\">USA<\/a> <a href=\"https:\/\/www.insurancejournal.com\/flood\/\" class=\"btn btn-sm btn-primary tagtag\">Flood<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"780888\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Flood<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments FloodFlash announced its expansion to cover all mainland US locations. The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22052,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[95,891,408,2,1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/06\/markets-coverages-floodflash-offers-parametric-flood-product-across-us.png","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22051"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22051"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22052"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}