florida flood market News

National General Acquires Insurtech Syndeste; Launches Private Flood Product in Florida

Personal lines insurer National General Holdings Corp. (NGHC) will begin offering private flood insurance in Florida later this summer after its acquisition of Syndeste LLC, an insurance technology company. National General will initially launch the product in the third quarter …

JBA Risk Management Releases High-Resolution Flood Maps for Florida

Flood specialist JBA Risk Management has rolled out its high-resolution flood maps and associated pricing data for the continental United States starting with the State of Florida. These new maps are designed to enable (re)insurers and others with an interest …

Commentary: How Florida’s Flood Insurance Model Could Work Nationwide

While Congress works on various reforms to the National Flood Insurance Program (NFIP), the time is ripe for the private insurance market to step up and play a greater role in providing Americans needed flood coverage. Last month in Salt …

Opinion: Is Florida’s Flood Insurance Industry Really Prepared?

The clock is ticking: The National Flood Insurance Program expires on July 31, 2018; so what happens next? It is well documented that the NFIP is broken and has been in disarray for a long time. The NFIP’s primary deficiency …

Thousands of Homes in Florida’s Palm Beach County Now in High-Risk Flood Zones

Thousands of property owners in one Florida County will be in newly created flood hazard zones later this year, and that means they’ll be required to buy flood insurance for the first time. The Palm Beach Post reports the Federal …

Top Florida Stories of 2016: Florida’s Evolving Flood Market

Before McCarty announced his decision to leave office, he initiated dialogue with the Federal Emergency Management Agency (FEMA) over the National Flood Insurance Program’s rate making. Citing the fact that the flood insurance rates Floridians pay are the highest in …

Tower Hill Insurance Launches Private Flood Program in Florida

Tower Hill Insurance has expanded its residential property insurance coverage offerings in Florida to include stand-alone flood policies with coverage up to $5 million. Standard coverage through the National Flood Insurance Program (NFIP) is only available up to $250,000 for …