b2b-daily
Home | FinTech | FinTech Insurance

AAIS Teams with reThought to Fill US Flood Insurance Gap

Avatar photo
by Caitlyn Jones
May 9, 2024
AAIS Teams with reThought to Fill US Flood Insurance Gap

The American Association of Insurance Services (AAIS) and reThought Flood have embarked on a critical mission—to close the pervasive coverage gap in the US flood insurance market. This partnership comes against the startling backdrop of widespread flood risk in the United States, where nearly every county has experienced flooding since 1996, yet the vast majority of Americans remain uninsured against this threat. The situation is not merely alarming; it underscores a systemic failure to protect property and livelihoods from one of nature’s most common disasters.

This gap is not a reflection of consumer apathy but of historical market shortcomings. Traditional flood insurance has been beleaguered by high premiums, limited coverage options, and a general lack of awareness. The partnership between AAIS and reThought Flood signifies a pivotal shift towards addressing these issues head-on. Leveraging a blend of cutting-edge technology and deep industry expertise, their collaboration stands poised to revolutionize how flood risk is measured, underwritten, and insured.

Pioneering Technological Solutions

The American Association of Insurance Services (AAIS) has partnered with reThought Flood to revolutionize flood insurance. reThought’s cutting-edge technology enhances the accuracy of risk calculations, allowing insurers to offer more precise and cost-effective policies. This marks a significant advancement in flood underwriting, a boon for AAIS’s member companies and consumers alike, making insurance more accessible and economical for the underserved.

AAIS’s Partner Program is key in distributing reThought’s innovations to insurers and brokers, collectively striving to make robust flood coverage widely available. This collaboration is instrumental in streamlining the market, making it more efficient and attuned to consumer needs. Together, AAIS and reThought are not merely bridging a coverage gap, they’re making communities more resilient against the frequent threat of flooding, shifting the landscape of American flood insurance.

InsurTech

Explore more

Is the Mistic Backdoor Hiding in Your Security Tools?
June 26, 2026

Introduction The emergence of the Mistic backdoor represents a sophisticated advancement in the arsenal of modern cybercriminals, specifically those operating within the niche of Initial Access Brokering (IAB). This malicious software, also identified by some security researchers as MLTBackdoor, has been actively infiltrating corporate environments throughout the first half of 2026. Its primary strength lies in its ability to camouflage

Is the Redmi 17C the New King of Budget Smartphones?
June 26, 2026

Dominic Jainy is a seasoned IT professional with a deep understanding of how hardware evolution impacts the budget mobile market. Today, he breaks down Xiaomi’s latest strategic move with the Redmi 17C, a device that surprisingly leaps over a generation to deliver high-refresh-rate displays and massive battery life to the entry-level segment. We explore the balance between essential utility features,

How Can PowerTool Speed Up Business Central Data Migrations?
June 26, 2026

Modern enterprises frequently encounter significant friction during ERP transitions because traditional data migration methods often fail to accommodate the sheer volume and complexity of contemporary datasets. In 2026, the demand for agility within Microsoft Dynamics 365 Business Central has reached a point where standard configuration packages, while functional for small tasks, often act as a bottleneck for larger implementations. The

How to Move Beyond the Portal to a True Developer Platform?
June 26, 2026

Dominic Jainy stands at the forefront of the modern cloud-native movement, possessing a deep technical mastery of artificial intelligence, machine learning, and blockchain architectures. With years of experience navigating the complexities of large-scale IT infrastructures, he has become a leading voice in the evolution of platform engineering. His perspective is shaped by the practical realities of moving beyond simple automation

Will AI Token Costs Soon Surpass Developer Salaries?
June 26, 2026

Recent financial projections indicate that the cost of maintaining high-frequency artificial intelligence interactions is rapidly approaching the median annual compensation of experienced software engineers in the global market. As the software development industry undergoes a radical transformation, the traditional overhead associated with human labor is being challenged by the sheer volume of data processed through large language models. This shift