2 Big Cannabis Insurance Providers Say Losses from California Storms Not as Bad as Feared January 27, 2023 By Don Jergler Just how big an impact the recent historic California storms had on the state’s cannabis industry is still coming into...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best November 28, 2022 By Chad Hemenway Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and...
FEMA Projects $3.5-$5.3B NFIP Losses for Hurricane Ian November 14, 2022 n Friday, the Federal Emergency Management Agency announced an initial estimate of Hurricane Ian losses for the National Flood Insurance...
National Flood Insurance Program Extended to Mid-December October 3, 2022 Late last week President Joe Biden signed legislation passed by Congress to extend the National Flood Insurance Program’s authorization to...
FEMA Contractors Not Liable for Misrepresentations About Flood Risk May 3, 2022 By Jim Sams The North Fork of the White River in southern Missouri is a nationally known fly-fishing destination, teeming with brown and...
81% of Flood Insurance Policyholders Will See Rate Increases, Report Says April 26, 2022 By Leslie Kaufman When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April,...
Wright National to Acquire Federal Flood Policies of Westfield Insurance December 30, 2021 Wright National Flood Insurance Co. said it will acquire the current flood insurance book of business from Westfield Insurance Co....
Businesses Can Expect to Spend $13.5 Billion on Repairs Due to Flooding in 2022 December 28, 2021 A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial...
U.S. Senators See ‘Actuarial Disaster’ on the Horizon with Flood Risk Rating 2.0 October 4, 2021 By Stephanie K. Jones U.S. senators from coastal states are predicting “an actuarial disaster” in the future once FEMA’s new flood insurance rating systems...
Michigan DIFS Expects New Flood Insurance Rating System to Lower Costs in the State October 4, 2021 The Michigan Department of Insurance and Financial Services (DIFS) said the National Flood Insurance Program (NFIP) estimates that under its...