FloodFlash: Storm Bert triggers rapid parametric payout from FloodFlash

With Storm Bert affecting counties across England and Wales, parametric flood insurance provider FloodFlash has revealed that it made a payout to a client in just over 10 hours after a trigger was activated. According to Ian Bartholomew, Chief Underwriting Officer at FloodFlash, the firm's sensors first measured flooding on Sunday 24th and have since [...]The post Storm Bert triggers rapid parametric payout from FloodFlash appeared first on ReinsuranceNe.ws.