So the question remains, how can we make flood insurance more available and affordable to more homeowners? On the heels of a new national private flood insurance model act, South Carolina has become the latest state …
There are several important flood insurance stories to report this week. A private flood insurance model act was passed over this weekend, Congress is prepared to extend the National Flood Insurance Program for a full year, and …
Hurricane Isaias two weeks ago caused significant flooding in Pennsylvania and with it, stories of homeowners caught off-guard and without flood insurance to cover the damage. A new national survey shows residents significantly underestimate their exposure …
I had the pleasure of listening to some terrific speakers at this past week’s National Flood Conference, which was held virtually this year because of the coronavirus pandemic. Of particular interest was the growing number …
The federal Office of the Flood Insurance Advocate is out with its annual report on common issues of frustration encountered by customers of the National Flood Insurance Program (NFIP). Meanwhile, the National …
The effort to export and promote Florida’s progressive private flood insurance regulation to the rest of the country continues. A Private Flood Insurance Model Act that has been struggling to find consensus will be discussed …
Citizens Property Insurance Corporation is looking for new ways to improve on its continued success in reasonably moving policies to the private market. The state-backed insurer of last resort also reports promising signs that …
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 …
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. …
