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Significant Innovations in Flood Insurance Coverage Since Superstorm Sandy

In the aftermath of Superstorm Sandy, many corporate risk managers whose organizations had experienced a flood loss found their companies facing a new exposure.

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(AP Photo/Alex Brandon)

In the aftermath of Superstorm Sandy, many corporate risk managers whose organizations had experienced a flood loss found their companies facing a new exposure. Because the financial limits of their existing insurance policies were exhausted, they were on the hook for additional financial losses in the event of another flood.

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