Flood Insurance News

FEMA: NW Arkansas Preliminary Flood Insurance Rate Maps Ready to View

FEMA has made available for review Preliminary Flood Insurance Rate Maps (FIRMs) for certain municipalities and unincorporated areas in northwest Arkansas. The maps cover Elm Springs, Elkins, Farmington, Fayetteville, Greenland, Johnson, Springdale, West Fork, Tontitown, Winslow, Lincoln, Prairie Grove, Goshen; …

Torrent Technologies Adds Palomar Admitted Coverage to Flood Platform

Torrent Technologies, a flood insurance technology and servicing company and part of Marsh, has formed an agreement with Palomar Specialty Insurance Co. to provide Torrent’s Write-Your-Own (WYO) carrier clients and their agents new, admitted private flood insurance options. Under the …

Florida Homeowners Insurtech TypTap Goes National; Plans Roll-Out in 20 States

After launching in Florida as a flood insurer in 2016 and expanding into the homeowners market in 2018, TypTap Insurance Co. has officially started the process of becoming a nationwide company. The technology-driven insurer and subsidiary of HCI Group launched …

Insurance Consumer Advice for Buyers of High-Risk Homes: Liz Weston

When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make getting coverage difficult, expensive or both. Learning how to identify them could save a homeowner a bundle. This could be …

NFIP’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 the storm was more of a flood …

Neptune 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 four family homes, and main street businesses, now offers a …

Study: Indiana City Has Many More Flood-Prone Properties than FEMA Maps Show

A northern Indiana city that sits along the Wabash River is home to thousands more flood-prone homes and properties than are listed on federal floodplain maps, new research shows. The study by the First Street Foundation, a nonprofit research and …

Maryland County Washing Away, Residents Face Hard Choices

High tides surging from a narrow creek destroyed the car Kathy Blake once parked in her gravel driveway here. Over the past two decades, the water has ruined half a dozen of them. Since October, when one of those floods …

UK Plans to Spend $6.6 Billion on Building Flood Defenses Through 2027

Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the plan, billed as “the most comprehensive in a decade,” …

Government-Produced Flood Maps May Have Underestimated Properties at Risk

First Street Foundation, a nonprofit agency, is making accurate climate change-adjusted flood scores available for every property in the U.S. today. There are government-produced maps showing 8.7 million homes and properties at significant flood risk—and it turns out those may …