Anthony R. O’Donnell // February 7, 2025 
(Image credit: Dimitry B/Unsplash.)
Aon plc (London), a global professional services firm, has announced the launch of a new parametric insurance solution designed to address and mitigate losses from hurricane-related storm surge along the coast of the U.S. Developed in collaboration with parametric flood expert Floodbase (New York), global commercial insurer, Swiss Re Corporate Solutions (Zurich), the new product can help bridge protection gaps in traditional insurance policies, which may demand high deductibles or include significant exclusions in policy wordings for storm surge risk.
