Annual Meetings-NAT/CAT Flood Issues - Andrew Castaldi, Senior Vice President, Swiss Re

NAT/CAT Flood Issues - Andrew Castaldi, Senior Vice President, Swiss Re

Pdf Summary

The document discusses flood insurance and inland marine topics, focusing on the rise in flood losses and challenges faced in the industry. It highlights the types of flooding, such as river flooding, flash flooding, inland flooding, coastal flooding, and storm surge. The presentation includes information on flood exposure and risks, emphasizing the scarcity of comprehensive flood risk data globally. The document touches on the National Flood Insurance Program (NFIP) history, the impact of severe weather events like hurricanes Katrina, Ike, and Sandy, and the Homeowner Flood Insurance Affordability Act. It also addresses issues affecting consumers, such as rising premiums and subsidies for flood-prone properties. The document concludes by mentioning the current debt status of the NFIP. Overall, it provides insights into flood insurance trends, policy developments, and challenges faced by stakeholders in managing flood risks.

Asset Caption

Presented by:
Andrew Castaldi, Senior Vice President, Swiss Re

Keywords

flood insurance

inland marine

flood losses

flood types

flood exposure

NFIP

severe weather events

Homeowner Flood Insurance Affordability Act

rising premiums

flood risks