Frank Licata, Licata Risk Advisors

In 2016 we worked for a REIT based in the northeast with properties spread over 7 states, with total values over $4 billion. Our concern was the flood exposure and the adequacy of a $50 million flood limit. Our historical analysis, evaluation of flood zoning and geographic spread of risk, and our knowledge of changing weather patterns allowed us to create an analysis clearly showing that limits needed to increase. Flood risk is the property risk of most concern today. We were happy to bring the client to a new level of awareness.