NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best September 18, 2020 Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires...
Tracking Tool Spotlights Repetitive Flood Loss Homes Receiving U.S. Taxpayer Funds September 15, 2020 By Leslie Kaufman Passaic County in New Jersey is not in the hurricane belt nor is it on the banks of a major...
Neptune Flood Expands Coverage to Include All NFIP Classes September 15, 2020 Neptune Flood, an AI-driven flood insurance company, has expanded its flood insurance products to now include all NFIP product types....
RMS Estimate: Insured Losses from Hurricane Hanna Won’t Exceed $400M July 30, 2020 Catastrophe risk products and services company, Risk Management Solutions Inc. (RMS), has estimated that insurance losses in the U.S. from...
Think Tank Urges Flood Insurance Program to Stop Enabling Building in High Risk Areas February 20, 2020 The threat of sea-level rise should force policymakers to rethink policies that encourage development in flood-prone regions. One place to...
Tropical Storm Imelda: Another Unique Weather Event December 16, 2019 By John Dickson Tropical Storm Imelda landed on the Texas Gulf Coast on September 17, 2019. Over the three-day duration of the storm,...
FEMA Envisions High-Tech Flood Insurance Program Using Parametrics, Blockchain November 26, 2019 By Jim Sams Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close...
Trump Signs Month-Long Government Funding That Includes Flood Insurance Program November 21, 2019 By Richard Cowan President Donald Trump signed legislation on Thursday that will extend funding for a wide range of federal agencies through Dec....
FEMA Postpones Switch to New Risk-Based Flood Insurance Rating Until 2021 November 8, 2019 By Andrew G. Simpson The federal government is delaying implementation of a major change to its pricing formula for federal flood insurance that bases...
U.S. Private Flood Insurance: The Journey to Build a New Market September 27, 2019 By Nancy Watkins and David D. Evans Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous...