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 Ethereum Nearing a Historic Cycle Bottom?
June 19, 2026

The digital asset landscape has entered a period of profound introspection as market participants scrutinize Ethereum’s price action against a backdrop of evolving regulatory frameworks and institutional integration. For months, the second-largest cryptocurrency by market capitalization has navigated a turbulent range, leaving many to wonder if the current valuation represents a generational entry point or merely a temporary pause in

OPM Proposes New Standardized NDAs for Federal Employees
June 19, 2026

The federal government is currently moving toward a more cohesive administrative structure by proposing a single, standardized non-disclosure agreement for the millions of individuals serving across various executive agencies. This regulatory initiative, spearheaded by the Office of Personnel Management, aims to resolve the longstanding issue of fragmented confidentiality protocols that often vary significantly between departments. While the administration frames this

AI Reshapes Payment Risk Management for High-Risk Merchants
June 19, 2026

The digital commerce landscape has arrived at a critical juncture where traditional, isolated methods of managing financial risk are no longer capable of protecting high-growth enterprises from sophisticated modern threats. In sectors often designated as high-risk—ranging from cryptocurrency exchanges and international travel platforms to complex recurring subscription models—merchants are discovering that a fragmented approach to fraud, chargebacks, and customer support

Can AI Turn Your Workforce Into a Recruiting Powerhouse?
June 19, 2026

The traditional reliance on external headhunters and expensive job boards is rapidly fading as modern organizations discover that their most effective recruiters are already sitting in their office chairs or logged into their virtual workspaces. This transformation is driven by sophisticated machine learning algorithms that analyze internal networks to identify potential candidates who share the same values and technical competencies

Modern Linux Distributions Now Challenge Windows and macOS
June 19, 2026

The traditional duopoly of Windows and macOS is currently facing its most formidable challenge yet as open-source ecosystems transition from niche developer tools into mainstream powerhouses. While proprietary software companies have historically dominated the desktop market, the arrival of highly polished, user-centric distributions has shifted the conversation from technical curiosity to practical necessity. This evolution is not merely a cosmetic