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Flood losses may become a liability risk.

With the new flood maps, people can no longer claim that theydid not know their property was located in a flood zone. Many communities already inform people in highhazard areas and actively communicate the information. The existing maps produced to satisfy the EuropeanUnion’s Flood Directive have already led to some behavioral changes. The publication and use of surface floodmaps will result in further improvements.

Author: Zurich Insurance
Published Date: July, 2018
DRM Cycle: Corrective Risk Reduction
Flood Type: Flash
4Rs: Resourcefulness
Publisher: Zurich Insurance
Language: English
Theme: Assets and Livelihoods
Capital: Financial
Country: Germany

PERC Reports