FloodFlash grows, helps more US states stay prepared for floods.

TLDR:

FloodFlash, an insurtech company that offers sensor-enabled parametric flood insurance, has expanded its services to an additional 10 states in the US. The expansion means that businesses and public entities in Delaware, Iowa, Missouri, New Jersey, New York, Oregon, South Carolina, Washington, Vermont, and Massachusetts now have access to FloodFlash’s parametric product. This is in addition to the five states already covered: Florida, Texas, California, Virginia, and Louisiana. The company aims to provide affordable flood insurance in locations and sectors where traditional insurers are reducing their offerings. FloodFlash plans to visit brokers across the country to understand the difficulties they face in securing flood coverage.

Key elements:

• FloodFlash expands its operations to 10 more US states.
• The company provides sensor-enabled parametric flood insurance.
• New states include Delaware, Iowa, Missouri, New Jersey, New York, Oregon, South Carolina, Washington, Vermont, and Massachusetts.
• Minimum premiums for risks outside of these states apply.
• FloodFlash aims to offer affordable flood insurance in locations ignored by traditional insurers.
• The company plans to visit brokers to learn about their challenges in securing flood coverage.