The private insurance industry is ready and anxious to take on flood risk, and politicians should reform the federal program now to take advantage of this interest, according to the U.S. executive of a leading specialty insurer. “I think there …
Prepared Insurance Company (PIC), a Florida property/casualty carrier, has been approved to participate in the Write Your Own Flood Program (WYO). The insurer is offering Florida consumers the ability to purchase flood and homeowners insurance through one carrier with one …
Federal emergency officials are calling on insurance agents to stop offering clients a cut of the agent’s commission if the client agrees to purchase a flood policy. The Federal Emergency Management Agency is taking aim at so-called “commission rebating.” It …
Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began last year when State Farm dropped …
