Hurricane Michael swept in and left a massive path of devastation in its wake. It also created another problem far beyond the destruction and loss of life. The one program put in place by the government to protect those suffering loss due to flooding was...
Recently Verisk announced the release of WaterLine™, a new underwriting tool that can be used to see the flood scores for every property in the continental U.S. Scores run from 0-100 on the relative scale and at the same time displays information regarding why the...
Under a new ruling by FEMA, changes are being made to provisions that did not allow private insurers who offer National Flood Insurance Policies to provide their own products and at the same time stopped buyers from being able to cancel their NFIP policies if...
According to the Nation Weather Service, approximately 75 percent of all declared disasters are related to floods. The risk of flooding continues to rise as more development occurs in flood zones and as a result of the changing climate. The NFIP was given an extension...
Here in the U.S., the National Flood Insurance Program (NFIP) covers approximately 5.2 million property owners. The NFIP has been slated for a much-overdue overhaul by the Senate. The overhauls are supposed to address the way in which the math surrounding flood risks are calculated....
According to the S&P Global Market Intelligence, the 2017 statutory insurance filings show that the market for private written flood insurance grew by 51.2% in 2017. At the same time, the markets at the state level became more competitive while yielding fewer profits....
Leave it to the federal government to wait until the last minute to save this vital program. Thanks to the passing of several congressional bills, the NFIP (National Flood Insurance Program) is safe, at least until the 30th of November. The bills were passed on...
Southern California is a desert ecosystem. Most people living there access the the ocean, rivers, or lakes by bike, car, or bus. Why would they ever need flood insurance? Because of the case of Montecito. The area not only suffered the tragedy of lost lives but...
There have been horrific mudslides in Santa Barbara County, California in the recent past, as anyone who watches the evening news has probably seen. The mudslides were caused by flash floods in the scorched Santa Ynez Mountains, which received significant damage from area wildfires. The...
The state of California doesn’t require flood insurance but a lot of home buyers still need to have it to satisfy their mortgage requirements. Flood insurance is also an important consideration for anyone living in or near a floodplain, even if the risk level is...