Munich Re Continues Its Flood Mitigation Work With Resilience Risk Transfer Solutions
White Paper Summary
In recent years, a new standard has been set in the frequency and severity of floods in the United States. The Mississippi River basin experienced record-long floods in 2019, bringing attention to the region’s vulnerability to flooding as well as the area’s extremely low flood-insurance penetration rates. Most of the area’s flood infrastructure was erected after the Great Mississippi Flood of 1927.
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