New MGA in Florida Shows More Growth in Private Flood Market September 28, 2023 The private flood insurance market continues to expand, with a new managing general agent starting up in Florida. Titan Flood...
GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall August 2, 2023 By Ezra Amacher FEMA’s National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021 but the program faces...
AM Best: Historic California Flooding Highlights Need for Robust Private Flood Market January 17, 2023 Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading...
Oklahoma Town Facing Probation From National Flood Insurance Program September 28, 2022 Moffett, Oklahoma could soon face probation by the National Flood Insurance Problem due to deficiencies and violations with the town’s...
State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims August 25, 2022 By Chad Hemenway State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit...
Wright to Pick Up United P&C’s Flood Book in July June 16, 2022 Wright National Flood Insurance Co. has announced it will take over United Property & Casualty’s flood insurance book of business,...
Flood Rating 2.0 Begins April 1 for NFIP Renewals, Hiking Premiums for 2 Million Homes March 31, 2022 Starting April 1, property owners in low-lying areas across the country will see their premiums increase when they renew their...
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...
The Lowdown: 2019 Private Flood Insurance Report June 19, 2019 By Pamela Simpson The big day is coming! I suspect by now, you’ve heard a great deal about the implementation of provisions of...
A.M. Best: Insurers Equipped to Handle Hurricane Lane Losses August 29, 2018 A.M. Best is expecting Hurricane Lane to be considered more of a flood event than a wind event. As a...