Colorado-based reThought Insurance, a managing general agency focused on the flood insurance market, has secured $15.5 million in investment to accelerate its growth. The company currently writes flood coverage for complex mid-tier commercial risks and high net worth properties but …
Record high-tide flooding washed over U.S. coasts in the past year, and rising sea levels are expected to send the deluges into streets, homes and businesses even more frequently over the next decade, the National Oceanic and Atmospheric Administration said. …
Tropical Storm Elsa made landfall in Florida yesterday and is moving to the Northeast at 20 miles per hour, with the National Hurricane Center (NHC) calling for the storm to sweep over parts of the Northeast tomorrow. Tropical storm warnings …
There’s something fun about contemplating flood insurance while the ground outside the office is so saturated that it’s like walking on sponges. No. We aren’t having a flood event and even if we were, there’s a good chance that most …
FEMA says new flood maps for Orange County, Texas, have been finalized and become effective Dec. 16, 2021. Residents are encouraged to examine the maps to determine if they are in a low-to-moderate- or high-risk flood zone. During the next …
ShoreOne Insurance Managers Inc. is launching its admitted, residential homeowners policy with full flood insurance protection in New Jersey. This product is already live in South Carolina, and there are plans to expand into other states on the Eastern Seaboard …
Denmark’s central bank warned rising waters pose a threat to the financial system as property used as collateral against bank loans may be worthless in coming years, amid increasing damage by climate change to the country’s 5,000 mile-long coastline. Flood …
Investment firm PEAK6 announced that its insurance operations subsidiary, PEAK6 InsurTech, will acquire Team Focus Insurance Group, a Sunrise, Fla.-based property/casualty insurance firm that includes MacNeill Group, a managing general agency. Team Focus is parent to eight firms in all, …
Pennsylvania Insurance Commissioner Jessica Altman is urging property owners to consider purchasing flood insurance to protect their homes, businesses and possessions. For many Pennsylvanians, extreme weather, including flooding caused by hurricanes and severe thunderstorms, can be a common occurrence throughout …
Flooding is the costliest — and the most common — natural disaster to significantly impact communities across the United States, The PEW Charitable Trusts notes in reporting on flood-prepared communities. Flood events have accounted for more than $850 billion in …
