Reinsurance News
Flood insurance and reinsurance news
News related to flood insurance and reinsurance, including: new products and market innovation; flood insurance market loss events; companies underwriting flood insurance or reinsurance; public flood insurance through the NFIP; and the expanding availability of private market flood coverage.
CEO of Previsico says 2026 will be a pivotal year for flood insurance
23rd December 2025
In a recent Reinsurance News interview, Jonathan Jackson, CEO of Previsico, the flood forecasting company, discussed the challenges and opportunities facing the flood insurance sector in 2026. Flood‑related insurance losses have continued to escalate throughout 2025, reinforcing the broader trend of rising climate‑driven claims and mounting pressure on the sector’s risk ... Read the full article
Two-thirds of modelled US flood losses go uninsured: Moody’s
9th December 2025
Two-thirds of modelled U.S. residential flood losses go uninsured, leaving millions of homeowners and the broader economy financially exposed, according to Moody’s RMS modelling. Moody’s highlighted that flooding remains the most underinsured physical risk in the U.S., with only a small share of residential properties carrying flood insurance despite the growing ... Read the full article
Previsico releases Flood Intelligence 2.0 to improve forecasting
5th December 2025
Previsico, an insurtech company that provides advanced flood prediction and risk management solutions, has released Flood Intelligence 2.0, an updated version of its flood forecasting platform. The platform is designed to give insurers, infrastructure operators, risk managers, and organisations at risk from flooding clearer insight and greater confidence in managing flood ... Read the full article
Red Cross leads pilot of parametric flood insurance in Malawi
2nd December 2025
The Malawi Red Cross Society and the Danish Red Cross, in partnership with African Risk Capacity (ARC) Ltd., JBA Global Resilience, the InsuResilience Solutions Fund (ISF), and the Danish Ministry of Foreign Affairs, have piloted Malawi’s first parametric flood insurance. The project is built on advanced flood-risk modelling with predefined contingency ... Read the full article
Rising costs of weather disasters challenge global economies, says Munich Re
27th November 2025
A new assessment from the global reinsurer Munich Re, draws on the expertise of Chief Climate Scientist Tobias Grimm and Lisa Hanselmann, Head of NatCatSERVICE, and sets out how major economies are increasingly strained by weather-related catastrophes. The company’s analysis shows that eight of the ten largest industrialised nations now face ... Read the full article
ShoreOne expands residential homeowners policy with flood coverage to Rhode Island
14th November 2025
ShoreOne Insurance Managers, Inc., a provider of specialised insurance solutions for homeowners and agencies, has launched its residential homeowners policy in Rhode Island, now including comprehensive flood insurance coverage. The policy combines home and flood protection under a single plan, offering one deductible and a unified claims process. This product, already available ... Read the full article
JBA launches high-res US flood model to meet reinsurance demand as data reveals major risk gap
13th November 2025
UK-based flood science specialist JBA Risk Management has launched a high-resolution US inland flood model, as new data reveals that almost one in three US properties - 38.6 million buildings - are at risk of flood. JBA has launched this new model in response to rising demand from the reinsurance and ... Read the full article
JBA Risk Management to launch India operations led by Mansi Kalra as MD
28th October 2025
UK-domiciled flood science specialist JBA Risk Management is establishing its Indian operations by opening an office in Bangalore next month, led by Mansi Kalra as Managing Director (MD). The move is motivated by the growing demand for advanced flood risk modelling and data solutions from the insurance and financial services sectors ... Read the full article
Wright Flood to acquire assets of Poulton Associates
24th October 2025
Wright National Flood Insurance Company (Wright Flood), a wholly owned subsidiary of Brown & Brown Inc. operating within Arrowhead Programs, has announced that its affiliate, Wright National Flood Insurance Services LLC, has entered into an agreement to acquire the assets of Poulton Associates LLC. Founded in 1989 and headquartered in Salt ... Read the full article
Previsico closes Series A funding round to accelerate global growth
21st October 2025
Previsico, the actionable flood warning insurtech, has announced the successful close of its Series A funding round to accelerate its global expansion. The round included investment from Connecticut Innovations (CI), Connecticut’s strategic venture capital arm, and BlueOrchard Finance Limited, a global impact investment manager and member of the Schroders Group. It ... Read the full article
Flood Re calls for united push to mainstream Property Flood Resilience
13th October 2025
Flood Re has urged government, insurers, lenders, and homeowners to join forces to make Property Flood Resilience (PFR) mainstream, warning that simple, affordable measures could protect millions of homes and save the UK economy as much as £740 million a year. This comes from new analysis undertaken by JBA in collaboration ... Read the full article
Private flood market ready and better prepared to manage risks: Neptune Flood
9th October 2025
A new report from Neptune Flood has suggested that the National Flood Insurance Program (NFIP) continues to assume risks the private market is “ready and better prepared” to handle, with roughly 95% of new policyholders eligible for private coverage. "For more than 50 years, the private insurance industry was unable to ... Read the full article
Neptune Flood exceeds 250,000 policies in force
5th August 2025
Neptune Flood, a private flood insurance provider in the US, has announced that it has surpassed 250,000 policies in force, reinforcing its position in the private flood insurance market and highlighting continued adoption of its approach to flood protection. Since launching in 2018, the company has expanded to all 50 states ... Read the full article
Floodbase launches solution to allow continuous flood mapping across the US
23rd July 2025
Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has launched near-real-time flood mapping technology for the United States to help governments, insurers, media, and other decision-makers obtain rapid situational awareness and actionable information, which can now be licensed on-demand per event. This launch marks a significant step forward ... Read the full article
Texas flash floods to have limited impact on re/insurers: Cotality
22nd July 2025
Although the recent deadly flash floods in Texas are estimated to have caused $1.1 billion in damage to residential buildings, Cotality believes the event will likely have a limited impact on primary insurers and reinsurers, due to the region’s low flood insurance penetration. Providing some background on the event, a new ... Read the full article
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