State of Flood

Climate Events
Flood, one of the world’s most frequent and destructive perils, is causing increasingly more severe losses, according to data from the Federal Emergency Management Agency (FEMA). As a result of climate change, flooding is expected to increase.


We are in a time of great possibility
. We can apply innovative insurance solutions, resilience planning and execution, fresh technologies, and new processes to better understand and evaluate climate change and flood risk with the aim of mitigating the associated loss of life, property damage, and economic disruptions.

COVID-19 presented unanticipated tragic consequences across the globe, including great loss of  life and severe financial impact. Natural disasters pose similar harms. This is why it’s essential to greatly enhance public understanding of flood risk at the individual property level, regardless of location or map line. The insurance industry can offer innovation solutions to mitigate property risks and in doing so, protect people. We need data and technology to incorporate climate change realities into how we do business and to help raise awareness of how floods will affect where people live in the future. It’s also needed to create thoughtful urban development and building codes, manage rising sea levels, collaborate with government agencies and emergency responders, and for financing mechanisms, such as insurance.

Download the full State of Flood report.

Actions to Take Infographic

Download the State of Flood Report

Learn how public and private sectors can mitigate flood risk and help to close the flood insurance gap in the US.