Better pricing risk
In a highly anticipated announcement, the National Flood Insurance Program (NFIP) has formally launched its Risk Rating 2.0, a modernized way of determining risk and rates. The program is expected to have its biggest impact here in …
While Congress considers NFIP Reauthorization
The National Conference of Insurance Legislators (NCOIL) convened the first meeting of its Special Committee on Natural Disaster Recovery this past weekend in Nashville. Item one on the agenda was to consider creating a model …
This past week I attended the Windstorm Insurance Conference put on by WIND (the Windstorm Insurance Network), which is an association that was formed to bring together defense and insurance company lawyers and other professionals on a variety …
Oh to be a fly on the wall
Often we read startling headlines like the one we saw on December 28: “Breaking News: In Reversal, Flood Insurance Program Resumes…,” and we just shrug and move on to the next story. …
Private market & NFIP progress being made while Congress idle
So, what are we to do about the National Flood Insurance Program (NFIP), which still provides about 95% of the flood policies in the U.S.? The federal program is coming …