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Global Flood Insurance Industry Report 2023-2028: Technology, Data Analytics, and Insurtech Enhances the Market

Flood Insurance Market Size ( USD 29790 million by 2031,

Flood Insurance Market to Reach $50 0 Billion, Globally, by 2032 at 15 6% CAGR: Allied Market Research

Transcripts for CNN The Source With Kaitlan Collins 20240604 01:24:00

we still have companies leaving. we have less competition and the private company the public organized company, the government one citizens, i worked to get it down i right-sized it from a million and a half policies to 400,000. i think it s back up to 1.3 million policies. it s not a fully funded insurance product. this has got to be figured out. that s at the state level. at the federal level i m working on trying to make sure we have a robust private flood insurance market because we re actually a donor state in the national flood insurance program and when they raise our rates that s not fair. and so i m trying to get a robust private flood insurance program because that would drive those rates down. but the property insurance program is a state program and there s clearly more that has to be done. yeah. it is a deeply important issue to many people in florida. senator rick scott, i know you have a lot to keep your eye on over the next few days. thank you for joining me tonig

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