Tossing Life Preservers Into Floodwaters: Next Steps For The Mortgage and Flood Insurance Markets

Aon Risk Solutions
1 minute read | July.09.2018

As hurricane seasons go, 2017’s stands as the most expensive in U.S. history. Yet the winds that hit the Florida Keys and Puerto Rico were not unprecedented. Indeed, given the long break since the Katrina, Rita, and Wilma landfalls of 2004-2005, there was some sense that hurricanes Irma and Maria were overdue. The housing and insurance industry largely took them in stride as significant, but expected, wind events. Hurricane Harvey, however, was different.