81% of Flood Insurance Policyholders Will See Rate Increases, Report Says April 26, 2022 By Leslie Kaufman When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April,...
Wright National to Acquire Federal Flood Policies of Westfield Insurance December 30, 2021 Wright National Flood Insurance Co. said it will acquire the current flood insurance book of business from Westfield Insurance Co....
Businesses Can Expect to Spend $13.5 Billion on Repairs Due to Flooding in 2022 December 28, 2021 A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial...
U.S. Senators See ‘Actuarial Disaster’ on the Horizon with Flood Risk Rating 2.0 October 4, 2021 By Stephanie K. Jones U.S. senators from coastal states are predicting “an actuarial disaster” in the future once FEMA’s new flood insurance rating systems...
Michigan DIFS Expects New Flood Insurance Rating System to Lower Costs in the State October 4, 2021 The Michigan Department of Insurance and Financial Services (DIFS) said the National Flood Insurance Program (NFIP) estimates that under its...
Rates to Rise for Millions of Homeowners Under National Flood Insurance Program October 4, 2021 By Leslie Kaufman and Polly Mosendz The federal government Friday rolled out a flood-insurance program revamped to reflect worsening climate change, a program that will raise...
Flood Insurance Program Expires Tomorrow Unless Congress Acts September 29, 2021 As Democrats and Republicans in Washington continue to haggle over government debt and spending, federal flood insurance is among the...
Private Flood Insurance Market Small But May Grow With New NFIP Rating: AM Best September 23, 2021 The country’s flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government’s program for...
How New Flood Insurance Rating Will Affect Tennesseans June 25, 2021 The Tennessee Department of Commerce & Insurance (TDCI) is raising awareness of recent changes to the National Flood Insurance Program...
Allstate CEO Strategy: More Independent Agents But No More ‘Human Modems’ June 24, 2021 By Alwyn Scott Allstate Corp. wants to buy more independent insurance agencies this year to build the business it acquired with its purchase...