The increasing severity of flood losses is a reality that conscientious producers can’t ignore—which means agents and brokers need to keep a close eye on the flood insurance options available to consumers.
The changing nature of weather patterns and their impact on uninsured communities is making the concept of an insurance-mandatory flood zone less and less relevant.
Independent agent Matt Evans didn’t set out to become an expert in flood insurance. But when his hometown in Iowa flooded, he didn’t have a choice.
Congress is expected to pass a bill to fund the government through the end of the fiscal year, which also includes authorization for continued operation of the NFIP through July 31.
The changes, which apply to the FY2019 WYO Arrangement effective Oct. 1, include, among other things, eliminating the WYO non-compete and revising the methodology for calculating WYO compensation, which is used to pay agent commissions.
As many parts of the country gear up for a few more weeks of winter, here are three ways to prepare your clients for wintertime flooding.
On Monday, the Office of Management and Budget released a proposed budget for FY2019 that includes cuts to the Federal Crop Insurance Program, as well as changes to the NFIP.
The NFIP was extended earlier today as part of broader government funding legislation to fund the government through March 23.
ISO spent the last two years developing personal and commercial lines standalone flood policy forms and rates for its licensees.
The NFIP is set to expire tomorrow as part of a broader government funding debate, unless Congress passes a continuing resolution to keep the federal government open.