X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Munich Reinsurance America, Inc., has introduced a new personal lines inland flood insurance product for homeowners in low-to-moderate-hazard flood zones.

“Our innovation around flood coverage is designed to address an underserved market, particularly given the increased risk of flooding due to more intense annual precipitation over the last decades,” said Steve Levy, the president of Munich Re America’s reinsurance division. “This product is an attractive alternative for non-coastal homeowners looking for competitively priced, lower-limit coverage to protect their homes and personal property. It is a first step into the private flood insurance marketplace, and one we are taking cautiously and deliberately.”

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

 

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.