Backed by Atain Insurance Companies and Powered by Floodbase, Innovative Parametric Product Supports a Variety of Commercial Risks

New Product Launch Part of the Expanding Burns & Wilcox Flood Solutions Portfolio

FARMINGTON HILLS, MICH. (JANUARY 8, 2026) — Burns & Wilcox, a globally recognized leader in wholesale insurance brokerage and distribution, today announced the launch of an exclusive Parametric Flood offering in partnership with Atain Insurance Companies, an “A” rated (Excellent by AM Best) insurance carrier, and Floodbase, the leading AI platform for monitoring and insuring Flood risk.

Designed for non-tier one areas, the new solution can be applied across a variety of sectors, including scheduled Commercial property, Cannabis and Transportation, along with golf courses, amusement parks and municipalities.

“The private insurance industry is proudly at the forefront of developing innovative solutions that meet the demand for navigating flood risk,” said Brad Turner, Burns & Wilcox Vice President & National Product Manager, Flood. “This new product will enable Burns & Wilcox to further extend our leadership position in Flood with a truly breakthrough solution that addresses a clear gap in the marketplace.”

The new Burns & Wilcox product incorporates the Floodbase platform by providing granular flood extent analytics for one or multiple client locations. The Floodbase proprietary and peer-reviewed technology fuses satellites, IOT and AI to align historical flood event analytics alongside continuous, near-real time inputs, delivering a client-specific      parametric trigger. Ultimately, Floodbase is able to offer a much broader economic solution compared to traditional Flood insurance.

“Our new relationship with Burns & Wilcox creates a unique opportunity for retail insurance brokers and agents to offer a financial safety net that can cover any economic loss associated with major floods. Not only can this solution remove uncertainties around what’s covered, the fast and flexible liquidity is a game changer for those managing the aftermath of a flood event,” said Bessie Schwarz, Floodbase Co-founder & CEO. “Given the breadth and depth of relationships that Burns & Wilcox maintains nationwide, we are thrilled to expand the set of risks Floodbase can help cover and demonstrate the full power of continuous year-round flood monitoring across the United States.”

Burns & Wilcox is the largest provider of Flood solutions in the Excess & Surplus marketplace. In addition to the company’s parametric offerings, the Burns & Wilcox Flood Practice provides traditional direct-to-agent quoting through its IssueQuick digital platform.

The company is also expanding its Flood capabilities overall, which includes:

• Broadening its expansive appetite on IssueQuick by launching an API-driven Flood product for Residential and the addition of another API-driven Flood product for Commercial in Q2.
• Adding a comparative rating feature to IssueQuick enabling users to actively compare and quote multiple product offerings simultaneously through a single submission, creating a digital flood market place.
• Updating IssueQuick Risk Appetite to allow for increased TIVs for Primary and Excess Flood.
• Launching full quote/bind/issue/endorsement workflows and self-service functionality on
• Providing industry leading underwriting expertise via the Burns & Wilcox Flood Practice, which can offer additional placements in one of their many exclusive private flood markets.

Appointed agents can contact their local Burns & Wilcox office to access the parametric Flood product or visit the Burns & Wilcox website to request a IssueQuick account.

About Burns & Wilcox:
Burns & Wilcox is the insurance industry’s leading insurance wholesaler, internationally recognized for its expertise in commercial and professional liability, property, environmental, marine and personal insurance.

Burns & Wilcox is a member of H.W. Kaufman Group, a privately held global insurance organization with offices in the United States, Canada, U.K., Europe, and the UAE. The company employs thousands of professionals and conducts business in more than 90 countries worldwide.

More information can be found at www.hwkaufman.com or at www.burnsandwilcox.com.

About Floodbase: 

Floodbase is a parametric platform for insuring uncovered flood risk. Built on nearly a decade of groundbreaking science, our solution continuously monitors flooding worldwide. Leading re/insurers rely on Floodbase to cover large corporate and public sector clients against previously uninsurable economic loss from flooding. Floodbase also supports FEMA, the UN, The New York Times, and others to identify and respond to major events. Follow Floodbase on LinkedIn for more news and insights.

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