Floodbase

The Atlantic Hurricane season begins Saturday, and NOAA predicts that this year will be one for the record books. While most associate hurricanes with severe wind damage, recent years have seen wetter, slower, stronger hurricanes which have dumped historic 1-in-1,000 year rainfall totals. This precipitation is driving extreme inland flood damage in areas that are largely uninsured against flood risk, and unprepared for the economic fallout. Record warm ocean waters from the Atlantic to the Gulf will be capable of supercharging storms this summer - and the recent shift to a La Niña weather pattern will allow storms to form closer to the east coast, threatening lives and livelihoods. Traditional flood insurance for businesses with large land areas, such as farms and manufacturing facilities, often fail to cover flood damage to the land itself and associated business interruption. Parametric flood insurance policies enabled by satellite observation allow the coverage of large land areas that businesses and municipalities have historically lacked - without the need for impractical and costly installation of multiple on-site sensors: 🌊 Business interruption, land loss, and other economic loss caused by large-area flooding 🕑 Near real-time monitoring 24/7, 365 days per year 💰 Rapid payouts within days Learn how Floodbase can supplement existing parametric wind coverage with flood protection, enabling broader parametric hurricane insurance. https://lnkd.in/ekUtJjss #floodinsurance #parametricinsurance #floodresilience #Hurricane NOAA: National Oceanic & Atmospheric Administration

Floodbase is hiring! If you are passionate about climate adaptation, closing the unmet flood protection gap, and eager to bring innovative parametric insurance products to market, we’d love to hear from you. 📈 Business Lead: Parametric Insurance Programs - bit.ly/4dRxqLy 📊 Insurance Structuring Data Scientist - bit.ly/3yvFukV #climatejobs #hiring #climateadaptation #floodresilience #floodparametric

🦁 🐯 🐻 Lions, and tigers, and bears… need flood insurance too! ⛈ In September, torrential rain flooded the Prospect Park Zoo, closing it for 239 days. Rising floodwaters even helped a sea lion escape its Central Park Zoo enclosure! Below you can see flooding at the world famous Bronx Zoo which also required costly repairs. Major flooding is occurring more frequently, putting lives and businesses in jeopardy. While the escapee sea lion might disagree, new tools are needed to mitigate risk prior to and following flooding. 🛰 Floodbase is proud to enable the coverage of previously uninsurable flood risk over large land areas, including business interruption. For zoos nationwide and the nonprofit organizations that operate them, this is welcomed news. 🎉 We are so excited to learn that our Brooklyn neighbors, The Prospect Park Zoo will finally reopen this weekend. Congratulations to the Wildlife Conservation Society Team! Read the WCS Announcement here: bit.ly/3wMpvyd #Prospectparkzoo #floodinsurance #floodresilience #floodadaptation

👏 We are excited to welcome Rohini Sengupta to the Floodbase team! Rohini joins us from McKinsey where she worked as a specialist in the insurance and sustainability practices focusing on strategy and risk topics for Top 30 insurance carriers, brokers, and investors. With Rohini’s expertise and perspective, we look forward to further improving Floodbase programs and client experience. #Newhire #floodresilience #floodinsurance

We’re hiring an Insurance Structuring Data Scientist — if you have deep experience in analytics, an understanding of risk transfer, and a passion for climate adaptation, apply here! #hiring #climatejobs #datajobs

We're hiring! Floodbase is looking for a Parametric Insurance Programs Manager who is passionate about closing the the unmet flood protection gap, and eager to bring innovative parametric insurance products to market.

We had a great time at #RIMS in San Diego this week! Looking forward to continuing all of the terrific conversations that we had. Thanks for stopping by the Floodbase booth - and if we missed you, reach out to learn how we enable coverage for previously uninsurable flood risk! RIMS (Risk and Insurance Management Society, Inc.) #floodresilience #floodinsurance #floodparametric #RiskWorld

See you next week in San Diego! ☀ We look forward to great conversations at RIMS where we'll share how Floodbase enables coverage for previously uninsurable flood risk. Visit booth 2349 to meet with Co-Founder & CEO Bessie Schwarz, VP of Technology Dr. Subit Chakrabarti, and Marketing Manager, Evan Achiron. We’ll see you there! #RiskWorld RIMS (Risk and Insurance Management Society, Inc.)

Join Floodbase VP of Technology, Subit Chakrabarti in NYC on May 21st, where he’ll be speaking at Adapt Unbound, the leadership summit accelerating innovation and investment in climate adaptation. Tickets and other details available at https://lnkd.in/gMbkJvzH

Floodbase will be at Risk World in San Diego! We look forward to a lot of great conversations and to share how Floodbase enables coverage for previously uninsurable flood risk. Visit booth 2349 to meet with Co-Founder & CEO Bessie Schwarz and VP of Technology Dr. Subit Chakrabarti. We’ll see you there! #RiskWorld RIMS (Risk and Insurance Management Society, Inc.)