Anthony R. O’Donnell // January 17, 2023
(Image source: FloodFlash website.)
Parametric flood insurance company FloodFlash (London), which describes itself as the first insurance provider to pay catastrophic flood claims as fast as four hours, announced its entrance into the U.S. insurance market.
FloodFlash announces its entrance in the context of the aftermath of a devastating hurricane season in the U.S., where policyholders have sometimes been left waiting weeks, if not months, to receive claims to be able to rebuild their businesses and revive local economies. A statement on the market entrance adds that, in the wake of Hurricanes Ian and Nicole, traditional