A home is surrounded by floodwaters from Tropical Storm Harvey on Monday, Aug. 28, 2017, in Spring, Texas. Homeowners suffering from Harvey flood damage are more likely to be on the hook for losses than victims of prior storms, a potentially crushing blow to personal finances and neighborhoods along the Gulf Coast. Experts say far too few homeowners have flood insurance, just two of ten living in Harvey's path of destruction. (AP Photo/David J. Phillip) A home is surrounded by floodwaters from Tropical Storm Harvey on Monday, Aug. 28, 2017, in Spring, Texas. (Photo: AP Photo/David J. Phillip)

2019 was a landmark year for the flood insurance industry — the NFIP underwent multiple short-term extensions, a new regulation took effect regarding lender acceptance of private flood insurance, and a growing wave of technology transformed the industry with new market entrants and modeling capabilities.

Out of all of the milestones and moments, three factors, in particular, have influenced the evolution and growth of the industry this year. 

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