Flooded street with water-damaged buildings. Approximately 80% of the world's catastrophic flooding losses are uninsured. Parametric insurance could provide businesses with another means to protect their investment. (Photo: Sergey/Adobe Stock)

Flood insurance is a vital risk management tool for any business operating in a high-risk area and FloodFlash is giving companies a new option in this coverage market. In October, the company began writing parametric flood insurance policies through brokers in the U.S., following a successful launch in the U.K. earlier this spring.

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Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]

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