FEMA’s new Flood Insurance Rate Maps that have been premiering in South Florida over the past couple of months have a new feature for some coastal residents. It’s a special designation that some Florida Keys …
Nowhere in Florida is flooding from heavy rain events and King Tides more evident than in beautiful (and almost always sunny) Miami Beach. The city of 92,000 residents and 8.6 million annual …
2020 is presenting growing challenges to the property insurance market. Competition is keeping rates low, reinsurance costs are rising, there’s loss creep from Hurricanes Irma and now Michael, plus a backlog of claims litigation craziness as we introduced …
As we count down to the next short-term expiration of the National Flood Insurance Program (NFIP) on December 20, two regulatory groups are moving ahead this month with efforts to encourage development of a …
Recent news that FEMA is delaying its new Risk Rating 2.0 structure in the National Flood Insurance Program (NFIP) for another year won’t impact planned double-digit premium increases beginning in April 2020. Meanwhile, progress …
Hurricane Dorian served as another reminder of the startling number of Americans at risk of flooding but who have no flood insurance. Even worse are the growing numbers shedding coverage. Meanwhile, in Southwest …
In the wake of bigger and wetter storms, the personal property insurance market is beginning to realize the importance of offering viable private flood market solutions as an alternative and complement to federal flood insurance. …
A new report says 80% of flood victims from Hurricane Michael were uninsured, likely in part due to old FEMA maps showing them outside high risk flood zones. It’s another example of the …
The past two weeks have seen significant developments in flood insurance. The National Flood Insurance Program (NFIP) has released long-sought geographic-specific data on its policies and claims going back decades. Congress …
Every year I attend the National Flood Conference, which opened yesterday in Washington D.C. and runs through Wednesday. The mood here is especially tentative given the recent two-weekend temporary extension of the National Flood Insurance Program …
