Blog - Flow Flood Insurance

22 Oct Private Flood Insurance Questions- Asked By the Insure

Posted at 12:12h in Flood by Adam Matheny

In order for this to happen, insurers must have access to highly accurate "first-floor height" such as that provided by technology such as the use of LiDAR (light detection and ranging) laser inclinometers. This is far more important than the use of geographic risks...

21 Oct New Market for Private Flood Insurance is Fraught with Obstacles

Posted at 16:15h in Flood by Adam Matheny

Once upon a time, the property/casual sector looked at private flood insurance was considered the "impossible dream." Most private insurers felt there would never be a market for residential flood insurance....

21 Oct Flood Buyouts Are Hot Topics

Posted at 15:43h in Flood by Adam Matheny

Shortly after Hurricane Dorian passed brushed the North Carolina Coast, The News & Observer hosted a group of experts to discuss what can be done to prevent the damage caused by this storm. Erin Carey, N.C. Sierra Club’s coastal conservation coordinator was asked by...

21 Oct Flooding Brings With It an Overflow of Data – Minneapolis Federal Reserve

Posted at 14:54h in Flood by Adam Matheny

FEMA's National Flood Insurance Program (NFIP) has one major problem, while areas like the Federal Reserve's 9th District have significant enrollment, the bulk of the nation chooses not to take advantage of it. FEMA began releasing masses of data that included this finding along with...

16 Oct Storms are Just Going to Keep Brewing, Meaning Floods

Posted at 16:13h in Flood by Adam Matheny

In order of rainfall, Florence dumped 30 inches, while Imelda and Harvey both produced 40 inches of rain. With man-made climate change, these epic storms continue to be more frequent and growing in size and damage. In order of rainfall, Florence dumped 30 inches, while...

08 Oct FEMA Pushes for Homeowners to Buy Flood Insurance – Flooding Is Real

Posted at 13:17h in Flood by Adam Matheny

On September 29th, 2019, President Trump signed the 30th sixty-day extension to the National Flood Insurance Program (NFIP) as it was set to expire on September 30th. Meanwhile, the program continues to be plagued with maps that are forty years old and of little use...

07 Oct 6 Common Questions About Why Flood Insurance Needs an Overhaul Answered

Posted at 16:02h in Flood by Adam Matheny

Until recently, the average homeowner was unaware that their homeowners' insurance policy did not cover damage caused by flooding. You must have either a rider or separate flood policy that covers flooding resulting from water that runs on top or under the ground. In 1968 the...

03 Oct Congress Needs to Deliver New Flood Insurance Program

Posted at 14:59h in Flood by Adam Matheny

Back in April as Hurricane Irma dumped rain on Florida, the retention ponds located at the corner of State Road 108 and Kirkman Rd. overflowed causing flooding the Orla Vista neighborhood. This is just one example of how the recent spate of hurricanes, tropical storms and...

03 Oct Imelda- Dumped Over 40″ of Rain on Texas

Posted at 14:25h in Flood by Adam Matheny

In mid-September, Tropical Depression Imelda did the unthinkable dumping over forty inches of rain in Southeast Texas just to the east of Houston. The water damaged hundreds of homes and over 1,000 people had to be rescued from flooded homes, reminding many of the damage...

27 Sep Overhaul of National Flood Insurance

Posted at 11:40h in Flood by Adam Matheny

The Trump administration has unveiled one of the biggest overhauls of the National Flood Insurance Program (NFIP) in its history. Many climate advocates believe the changes will encourage communities to become better prepared for weather extremes. However, the changes may also drive costs up for...