UK-based insurtech Previsico has announced the launch of its live flood forecasting alert service in the US. The launch is in partnership with Nexus Alpha USA and aims to mitigate surface water flood losses for insurers and their customers in the US.
Previsico’s initial focus will be on New York, which has experienced significant flood issues and losses over the years, including last year when a state of emergency was declared after the state saw record rainfall and flash floods as a result of Tropical Storm Ida. Other states will follow as demand increases, Previsico said.
