House-Passed Hurricane, Farm Disaster Aid Bill Includes Flood Insurance...
The House on Friday passed a $19 billion disaster aid bill that would deliver long-sought relief to farmers, victims of hurricanes and floods, and rebuild southern military bases, as Democrats try to...
View ArticleTake the Flood Insurance Quiz
The National Association of Insurance Commissioners (NAIC) released an online quiz, “What the Flood!,” as part of its #YourRiskIsReal campaign, an ongoing effort to educate consumers about flood risks...
View ArticleFormer Florida Association for Insurance Reform Expands Nationally, Will...
The Federal Association for Insurance Reform (FAIR), formerly the Florida Association for Insurance Reform, is expanding nationwide with a focus on reducing uninsured flood risk across the United...
View ArticleAddressing Florida’s Rising Tide of Flood Exposures
In the past five years, all 50 states have experienced some type of flooding. Flooding has led to disasters throughout the decades, and this year, it is expected to become unprecedented yet again....
View ArticleWildlife Protection Rezoning Could Mean Flood Insurance Aid for 900 Coastal...
On an exclusive Connecticut peninsula, where signs warn outsiders to stay off private roads, eight multimillion-dollar homes with sprawling yards along the Long Island Sound are poised to become...
View ArticleU.S. Private Flood Insurance: The Journey to Build a New Market
Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for...
View ArticleFEMA Postpones Switch to New Risk-Based Flood Insurance Rating Until 2021
The federal government is delaying implementation of a major change to its pricing formula for federal flood insurance that bases rates on a more accurate assessment of the real flood threat for each...
View ArticleTrump Signs Month-Long Government Funding That Includes Flood Insurance Program
President Donald Trump signed legislation on Thursday that will extend funding for a wide range of federal agencies through Dec. 20 and avoid partial government shutdowns that otherwise would have...
View ArticleFEMA Envisions High-Tech Flood Insurance Program Using Parametrics, Blockchain
Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close the nation’s flood insurance coverage gap, according to a...
View ArticleTropical Storm Imelda: Another Unique Weather Event
Tropical Storm Imelda landed on the Texas Gulf Coast on September 17, 2019. Over the three-day duration of the storm, 43 inches of rain saturated some locations, with nearly 30 inches falling over a...
View ArticleThink Tank Urges Flood Insurance Program to Stop Enabling Building in High...
The threat of sea-level rise should force policymakers to rethink policies that encourage development in flood-prone regions. One place to start is with the National Flood Insurance Program (NFIP),...
View ArticleRMS Estimate: Insured Losses from Hurricane Hanna Won’t Exceed $400M
Catastrophe risk products and services company, Risk Management Solutions Inc. (RMS), has estimated that insurance losses in the U.S. from Hurricane Hanna will not exceed $400 million. This estimate...
View ArticleNeptune Flood Expands Coverage to Include All NFIP Classes
Neptune Flood, an AI-driven flood insurance company, has expanded its flood insurance products to now include all NFIP product types. Neptune, which has previously offered flood insurance for one to...
View ArticleTracking Tool Spotlights Repetitive Flood Loss Homes Receiving U.S. Taxpayer...
Passaic County in New Jersey is not in the hurricane belt nor is it on the banks of a major river, and yet 810 properties there received $170 million of taxpayer money through the National Flood...
View ArticleNFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best
Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires in California, Oregon, and Washington, or Hurricane Laura, according to AM Best. As...
View ArticleTrump Signs Stopgap Government Funding Measure with 1 Year Flood Insurance...
President Donald Trump signed a funding measure that will keep the federal government running until Dec. 11. The continuing resolution (HR 8337), which the House passed last week 359 to 57, was...
View ArticleSouth Carolina Passes Flood Insurance Law to Boost Private Market
The state of South Carolina is aiming to foster new flood insurance coverage options through the enactment of the South Carolina Private Flood Insurance Act. South Carolina Gov. Henry McMaster signed...
View ArticleViewpoint: How the Northeastern U.S. Private Flood Market Can Close the...
The northeastern U.S. is one of the key areas of the country at risk for flooding, as evidenced by the billions in losses from Superstorm Sandy, which saw more than $8.1 billion in 144,000 NFIP...
View ArticleKeeping Up with Changes in Florida’s Growing Private Flood Market
Flooding is America’s number one natural disaster and as the highest “at risk” state in the country, Florida is the epicenter for all things flood insurance. Since 1968, when procuring flood insurance,...
View ArticleOver $115M in Federal Flood Insurance Paid in Louisiana for 2020 Hurricanes
As of Feb. 1, the National Flood Insurance Program (NFIP) has paid out more than $115 million in flood claims in Louisiana in response to the 2020 hurricane season. That figure is up from the $110...
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