Nearmap’s AI-powered models approved in 27 markets
Insurers can leverage the predictive scores to help price risk.
In a little-noticed recommendation to another report on flood insurance issues, the Government Accountability Office on July 3, 2013 praised FEMA for taking steps to ensure the “methods and data used to set NFIP rates accurately reflect the risk of losses from flooding.” GAO says it “continues to support previous recommendations to FEMA in that regard.”
The GAO recommendation was released the same day Rep. Maxine Waters, D-Calif., ranking minority member of the House Financial Services Committee and a key sponsor of the 2012 bill, joined 26 colleagues in a letter to FEMA urging the agency “to use discretionary authority to address an unintended consequence” of the Biggert-Waters Flood Insurance Reform Act, the 2012 bill.
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Insurers can leverage the predictive scores to help price risk.
With so many working remotely, cybersafety becomes a paramount concern for businesses and their employees.
The strategy includes a hybrid operating model that will shift employees at most locations to a permanent remote work environment.
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