On April 1st, Risk Rating 2.0 began its full implementation. As more National Flood Insurance Program (NFIP) policies are written and…
In August, FEMA released rates for the highly anticipated National Flood Insurance Program (NFIP) rating redesign Risk Rating 2.0, also called “Equity in…
When FEMA announced the transformation of the National Flood Insurance Program (NFIP) with updated and modernized rating dubbed Risk Rating 2.0, questions…
In late 2020, the Department of Housing and Urban Development (HUD) released its proposed rule to accept private flood insurance for Federal Housing…
Around this time each year, the flood insurance industry reflects on the past year’s legislative action, and speculates on what legislative changes are on…
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…
Floods are the most common
natural disaster in the United States.
The Pew Charitable Trust recently reported that nearly half of U.S. states
are…
The most costly and frequent
natural disaster in the United States is flooding. Recent years of U.S. disaster data tells this
story. In 2017,…
Leaders in the insurance industry anticipated that 2019, much like 2018, would be a tumultuous year for flood insurance with large catastrophic events,…
When Congress passed the Biggert Waters Act of 2012 (BW12), the intent of Congress was to make it easier for lenders to accept private flood insurance to…