Bridging the Gap: Best practices for exploring your clients’ flood insurance options from the NFIP and the private market

One of the best ways to envision the importance of something is to think of our lives without it. Imagine life, for example, without our electronics that help us easily communicate. Similarly, to understand the importance of flood insurance, imagine our nation without it. We would have no strong financial recovery tool, no means or […]

Flood Insurance in 2020- Where are we going, what are we doing?

Leaders in the insurance industry anticipated that 2019, much like 2018, would be a tumultuous year for flood insurance with large catastrophic events, legislative impasse, administrative uncertainty. For the National Flood Insurance Program (NFIP) and private flood insurance, all were true and may continue into 2020.  Unlike other insurance programs, the NFIP is authorized by […]

Turbulent Year Ahead For Flood Insurance

Before the start of 2018, many predicted political and economic uncertainty.  This proved to be true of the National Flood Insurance Program and the flood insurance market.  In total, 2018 brought three program lapses lasting over eight days with seven short term extensions and a series of Federal Emergency Management Agency leadership and administrative changes.  […]

Mandatory Purchase: Bigger Than The Banks

Written By: Joe Rossi, ANFI, CFM Flood Specialist, Rogers and Gray Insurance Chair and Executive Director, Massachusetts Coastal Coalition Tim Carty Owner, Murphy Carty Insurance Director, Massachusetts Coastal Coalition   Congress enacted the National Flood Insurance Program (NFIP) in 1968, intending to provide flood coverage because private insurance no longer offered it.  By 1973, only […]

ABA Summer Newsletter: National Flood Insurance Program Reauthorization and Reform

By: Joe Rossi, Flood Specialist at Rogers and Gray Insurance and Chair of the Massachusetts Coastal Coalition Ed Thomas, Attorney, floodplain manager and disaster and recovery specialist The ABA in 2017 passed a Resolution on Resilience and Disaster Risk Reduction in 2017. Recent flood disasters nationally have attracted more attention to proposals in the current […]

Truth in the NFIP

The National Flood Insurance Program (NFIP) has been in the national news recently in a series of critical reports.  One story criticized how the NFIP is using insureds’ premiums to deny claims and overpay insurance companies.  Another criticized a proposed FEMA rule change allowing homeowners to rebuild after receiving a demolition grant for a flood-prone […]