Weather Risk

The federal maps are static and only periodically updated by the Federal Emergency Management Agency.

Both New York and New Jersey have adopted laws requiring the sellers of residential properties to tell buyers, and landlords to tell tenants, about known flood risks.

The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.

Many policyholders would find even a short ALE extension meaningful, the state insurance commissioner said.

Nearly half of brokers surveyed by Chubb said their clients don't request flood insurance quotes.

Verisk reports that insured losses from the storm that socked Europe in early November could reach $1.39 billion.