Florida has 90,000 private flood insurance policies in force now– a 300% increase since passing legislation to encourage private insurers to offer the coverage in 2014, according to Florida Insurance Commissioner David Altmaier. Noting there are 5 million properties in …
Personal lines insurer National General Holdings Corp. (NGHC) will begin offering private flood insurance in Florida later this summer after its acquisition of Syndeste LLC, an insurance technology company. National General will initially launch the product in the third quarter …
Flood specialist JBA Risk Management has rolled out its high-resolution flood maps and associated pricing data for the continental United States starting with the State of Florida. These new maps are designed to enable (re)insurers and others with an interest …
While Congress works on various reforms to the National Flood Insurance Program (NFIP), the time is ripe for the private insurance market to step up and play a greater role in providing Americans needed flood coverage. Last month in Salt …
The clock is ticking: The National Flood Insurance Program expires on July 31, 2018; so what happens next? It is well documented that the NFIP is broken and has been in disarray for a long time. The NFIP’s primary deficiency …
Thousands of property owners in one Florida County will be in newly created flood hazard zones later this year, and that means they’ll be required to buy flood insurance for the first time. The Palm Beach Post reports the Federal …
Before McCarty announced his decision to leave office, he initiated dialogue with the Federal Emergency Management Agency (FEMA) over the National Flood Insurance Program’s rate making. Citing the fact that the flood insurance rates Floridians pay are the highest in …
Tower Hill Insurance has expanded its residential property insurance coverage offerings in Florida to include stand-alone flood policies with coverage up to $5 million. Standard coverage through the National Flood Insurance Program (NFIP) is only available up to $250,000 for …
