Floodbase News

Amwins and Floodbase Launch Flood Insurance Program for California Municipalities

Amwins and Floodbase have launched a municipal flood insurance program designed to insure California municipalities against previously uncovered losses due to atmospheric river flooding. The flood program closes the insurance gap with policy payouts that automatically scale with the magnitude …

Hurricanes Milton and Helene Expose Limits of US Flood Maps

Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast US, it’s already clear that federal flood-risk maps underpinning decisions by millions of American homeowners and businesses are severely out of sync with a new …

Climate Tech Firm to Pilot Fast-Paying Flood Insurance in Africa

Climate change is particularly perilous for small farmers. Warmer conditions are resulting in more damaging bouts of rain and drought, but traditional crop insurance products are often unavailable or financially out of reach. In Africa, 99% of smallholder farmers are …

Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks

Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A startup technology company on Thursday launched a new global flood-risk data service that its founders say will help narrow this …