image credit: Unsplash

New York City Launches Parametric Flood Program With Insurance, Tech Firms

March 8, 2023


Insurer Swiss Re Corporate Solutions, reinsurance broker Guy Carpenter, and the data technology firm ICEYE have teamed up with New York City government agencies to develop a pilot parametric flood recovery assistance program for low and moderate income households in the city.

The pilot will provide up to $1.1 million in emergency funding to households in need after a major flooding event.

Read More on Insurance Journal