Claims management equals risk management

This image shows an accumulation analysis for a hypothetical insurance portfolio in the Houston area. The inundation footprint from Hurricane Harvey generated by the new U.S. Inland Flood Model containing water depths in 14 bands is overlaid on the portfolio. (Image provided by Risk Management Solutions)

It is not even a year since Hurricane Harvey delivered catastrophic and unprecedented inland flooding across southeast Texas and parts of southern Louisiana. Most of the Houston Metropolitan area, with a population around 6.3 million, was significantly impacted as flood depths reached up to 12 feet (3.66 meters) in places.

When the hurricane dissipated, on Sept. 2, 2017, the Texas Department of Public Safety reported that more than…