FloodFlash has announced its expansion to cover all mainland US locations. The insurance technology company is known for providing flood coverage in excess of the National Flood Insurance Program where the private markets are unable to quote, particularly in real estate, sports and entertainment, manufacturing, energy and healthcare lines.
These additions to the product offering were created to support US brokers and their clients ahead of a hurricane season predicted to far exceed activity in the last few years.
FloodFlash US commercial director, Rich Coyle, said: “This significant increase in expected activity is a cause for great concern. The combination of hard market pressures and a relatively benign 2023 hurricane season, has seen many coastal clients retaining record-high levels of storm and surge risk. Carrying forward those retention levels will leave many insureds watching on nervously as we move through hurricane season.
“For the businesses that don’t have the limits they need, the best time to develop physical and financial resilience to hurricanes is right now. We’re proud to have expanded our product out to more American businesses and will do our best to support those that the market has left behind.”
FloodFlash CEO, Adam Rimmer, added: “My message to risk managers is simple: ‘there is still time’. If your clients don’t have the flood limits they need after Q2 renewals, coverage is still available. Alternative providers like FloodFlash have a strong track record of excellent claims performance that guarantees business survival. Our expert team and IoT sensors are on hand to help.”
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