96% of US households carry no flood insurance, even as flooding ranks among the most frequent and costly natural disasters nationwide.
Titan Flood, an AI-enabled flood insurance platform, has launched a private residential flood program in partnership with Nationwide E&S/Specialty.
Policies are underwritten by Nationwide E&S/Specialty on a non-admitted basis, with Titan Flood operating as managing general agent. The product is available through independent agents and direct-to-consumer distribution channels.
Stephanie Lee, CEO of Titan Flood, states the average flood claim over the past five years exceeded $90,000.
Standard homeowners and renters policies typically exclude flood damage, leaving the National Flood Insurance Program as the default market option.
NFIP coverage carries lower limits and a 30-day waiting period. Titan Flood positions its offering as a higher-limit alternative with streamlined underwriting and faster quoting.
The platform uses predictive modeling and algorithmic underwriting to evaluate property-level flood exposure.
Homeowners assess risk, customize building and contents coverage, and bind policies digitally within minutes. Independent agents access the same rating infrastructure through dedicated quoting tools.
Brooke Shirazi, Vice President of E&S/Specialty Property Programs at Nationwide, states the carrier adopted a controlled entry into the private flood segment, emphasizing underwriting discipline and digital efficiency.
The program launches in multiple high-exposure markets including Florida, Texas, California, and New Jersey, with broader expansion planned in 2026.
According to Beinsure analysts, private flood capacity continues to expand as carriers deploy refined catastrophe modeling and granular property data to compete with federal programs.
Titan Flood aims to increase take-up rates in a market where flood risk remains materially underinsured despite recurring severe weather losses.
