Floodbase

🌊 With the Atmospheric River Season beginning today, Floodbase and Amwins are proud to offer a solution that addresses a significant flood coverage gap for California municipalities. In 2023, flooding from atmospheric rivers cost California over $5 billion in damages - only 1% of which were covered by federal aid. This viable, scalable solution provides rapid insurance payouts that local governments can use at their discretion. Now, for the first time, local governments have the flexibility to utilize payouts as they see fit - to fund emergency response, offset lost tax revenue, repair public infrastructure, or develop individual assistance programs. Floodbase is proud to make this new viable, scalable flood resilience option available to local governments statewide. To learn more 👉 https://lnkd.in/eENhkZKy #stateandlocal #localgov #floodresilience #floodparametric #California

Floodbase was proud to attend the inaugural Parametric Insurer Conference & Awards in London this week! Team members Paul Daly and Emmalina Glinskis joined top industry peers to discuss how parametric solutions are shaping responses to global challenges like flooding. Congratulations to several of our key industry collaborators, Cole Mayer from Aon, Martin Hotz from Swiss Re Corporate Solutions, and Jason Hartell from Global Parametrics on well deserved recognition in advancing the parametric market. A big thank you to Henry Gale from The Insurer for hosting such an impactful event. We're already looking forward to next year!

Today at Noon PST, during #ITCVegas @floodbase CEO Bessie Schwarz and Amwins EVP of Alternative Risk Alex Kaplan will sit down to discuss how satellites and AI are being used to increase insurable flood risk. For more information and to register 👉 https://bit.ly/3NlbU5w

We're excited to attend #ITCVegas! Stop by booth Y6 in the Lloyd's Lab Hub to meet Bessie Schwarz and Scott Dwyer, and learn about Floodbase - the AI platform for insuring uncovered flood risk. On Thursday, join us for a timely panel conversation with Amwins' Alex Kaplan, "From Golf to Municipalities: Using Satellites and AI to Increase Insurable Flood Risk". Conference attendees can register here 👉 https://bit.ly/3NlbU5w See you in Vegas!

Next week at #ITCVegas, join Floodbase CEO, Bessie Schwarz and Amwins Executive Vice President for Alternative Risk, Alex Kaplan for a conversation about increasing insurable flood risk with satellites and AI. This timely conversation will highlight how advances in satellite technology and AI can enable coverage for previously uninsurable risk, and make businesses, industries, and economies more resilient to flooding. InsureTech Connect attendees can register here: https://bit.ly/3NlbU5w

Floodbase's mission is to enable all communities to prepare and respond to climate disasters by reducing the barriers to scientific information and capital. This impact is reflected in recent reporting from Bloomberg Green which analyzed Hurricane Helene data from Floodbase to show that Americans are exposed to more flood risk than the maps and flood-insurance requirements, might otherwise suggest. #HurricaneHelene #floodparametric #floodresilience

🌊 In 2023, California's atmospheric river season caused an estimated $5 to $7 billion in damages, with less than 1% covered by federal aid. In advance of this year's season, Floodbase and Amwins are proud to announce the launch of a first-of-its-kind municipal flood insurance program for California cities and towns. 🛰 Powered by satellite data and machine learning, California municipalities can now be covered and receive rapid payouts that scale with the magnitude of flooding. 💵 These payouts are available to be used at the government's discretion to fund emergency response, offset lost tax revenue, repair public infrastructure and more. To learn more visit https://lnkd.in/eENhkZKy #stateandlocal #localgov #ParametricInsurance #floodresilience

As Hurricane #Helene moves through the southern U.S. our thoughts are with those in impacted communities across the region. To enable rapid, actionable flood intelligence in support of relief efforts, Floodbase has put our tech to work across a wide area - from Florida through Georgia, with more states to follow. We are proud to be selected to support FEMA by providing the agency with with hourly monitoring and flood mapping throughout the hurricane's advance across impacted states over the next several days. #HurricaneHelene #Flooding #Floodresilience

At the Swiss Re office yesterday Floodbase CEO Bessie Schwarz sat down with other insurance experts from Amwins, Swiss Re Corporate Solutions and the California Department of Insurance to discuss strategies to scale technology and insurance innovations for public sector resilience. Thank you to our fantastic panelists Alex Kaplan, Jacqueline Higgins, and Deborah Halberstadt for your insights on this critical topic during #ClimateWeekNYC. Providing municipalities the tools they need to effectively build economic safety nets in the face of growing disaster risk is paramount to confronting the climate crisis. The solutions discussed included parametric flood insurance as a viable, scalable option to covering previously uninsurable risks and building adaptive strategies for the future. Special thanks to Swiss Re for hosting this event, and Leslie Kaufman from Bloomberg Green for moderating this exciting conversation.

With Climate Week NYC in full swing, the Floodbase team is excited to attend a number of events and connect with others who share our mission to make communities more resilient to climate change. 🌎 Our team members will be present at the following events - reach out if you'd like to meet up! InnSure | Aon | Climactic | betaworks | Climate Tech Cities | Collaborative Fund | Climatebase | Newlab | The City University of New York