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Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Nov 28 2022 // Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM Best, the projected range...
FHA Opens Special Flood Areas to Private Insurers
Nov 22 2022 // The Federal Housing Administration (FHA) has announced regulations to allow mortgagors the option to purchase private flood insurance on FHA-insured mortgages for properties located in Special Flood Hazard Areas. Beginning...
Questions Surround Accuracy of Federal Flood Maps
Nov 21 2022 // Wondering if you need flood insurance? There are maps for that. But some say the federal flood maps are inadequate and misleading, causing thousands of homeowners to avoid purchasing needed flood insurance. And even...
People Moves: Coppola New CUO at QBE; FloodFlash Names N.A. CEO; Liberty Mutual Hires in Energy, Construction
Nov 15 2022 // QBE North America Appoints Coppola Chief Underwriting Officer Laura Coppola QBE North America has appointed Laura Coppola as chief underwriting officer. Coppola joins the company with more than 25 years of technical...
Debunking Misconceptions About Private and Excess Flood Coverage
Nov 8 2022 // This post is part of a series sponsored by SWBC. At industry conferences across the country, the most common challenges I hear from brokers about offering private and excess flood insurance stems from affordability and...
Ruling Exposes Gov’t to $1.6B In Damages Because of Hurricane Harvey Flooding
Nov 7 2022 // A federal court in late October found the US government liable for $455,000 in damages to six claimants whose homes were flooded by water backed up behind two dams near Houston during Hurricane Harvey — but that’s...
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