At the consumer level, there is a huge lack of understanding when it comes to knowing that homeowners insurance policies do not cover flooding. (Shutterstock)
Changing climate patterns now impact just about every industry, but insurance is one of the most affected. More than the increased risk of flooding and other disasters, climate change has ushered in an opportunity for insurance agents to help clients and prospects understand the risk of flooding faced by all Americans. In essence, the changing climate has put every property owner at risk, and agents have a chance to be part of the solution.
Climate change has spawned historical catastrophes
Something extreme is definitely happening with the weather. Throughout 2019, the Missouri and Mississippi Rivers experienced historical flooding; a Category 5 hurricane formed in the Atlantic for a record-breaking fourth year in a row; Texas had a one-in-500-year flood for the fifth year in a row; and the 12 months ending April 2019 earned the title of "wettest on record" in U.S. history.
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