After an extended period of absence, the private sector is finally beginning to offer flood insurance, in the hopes that the percentage of homeowners who purchase flood insurance up and out of the single digits....
When most of us tend to think of technology with regard to the insurance industry, we tend to think of it in terms of the latest vehicle monitoring devices or perhaps self-driving cars. However, while it might not receive the same high-level of attention, the...
Most people don’t realize that if they leave their home unoccupied for an extended period, their homeowner’s insurance carrier most likely will not provide coverage for a claim made for something that happened while their house was vacant. Having no coverage would leave the homeowner...
Most people equate flooding with living near lakes, rivers, and streams, but as residents of cities like New Orleans, Baton Rouge, and many other coastal towns can tell you, it can happen just about anywhere there is a body of water. With the risks of flooding...
The Office of the Comptroller, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Association, and the Farm Credit Administration announced the release of new regulations concerning the acceptance of private flood insurance by regulated lenders....
In the past 15 months, Congress has managed to pass no less than nine extensions to the National Flood Insurance Program. Currently, the NFIP provides flood insurance coverage for approximately 5.1 million properties. The program also offers essential assistance during emergencies. The last of these...
If your insured uses cars as a regular part of their business, it is crucial that you educate them in commercial auto coverage. This type of insurance coverage protects your business financially in the event your company is named in a lawsuit resulting from an...
In 1968 the National Flood Insurance Program was developed as a way for people to be able to afford flood insurance for their homes and business. Today, what started as a great idea has become a program that bleeds the color of money, green. While...
The automobile manufacturing community has been telling us for years that by the year 2020 autonomous vehicles or AVs would be readily available and taking over the roads within the decade. So, what happened? 2020 is just around the corner, and instead, the entire concept...
Here we are, the 116th Congress is now in session and split between a Republican Senate and a Democratic House. The one thing we can all count on is that our government is still heavily divided along party lines. However, serious reform of the National...