Analysis

Briefing: Time for the industry to sink or swim around flood risks

By 2024-06-20T10:00:00

Kelly Ogley column headshot

Flood-related claims are on the up, heavily influenced by climate change and the uptick in named storms – the insurance industry must take a proactive stance on this risk to avoid drowning in high claims volumes

It’s only after flood water recedes that you get a true sense of the real damage flooding has caused to floors, stock, machinery and IT, as well as appreciate the emotional upheaval. Unfortunately, as insurance brokers, we are seeing an increasing number of our clients suffering with these devastating impacts.

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