What a Government Shutdown Means for the NFIP
FEMA released a memo to Write-Your-Own companies and NFIP Direct servicing agents providing guidance on a potential lapse in NFIP authority.
Flood
Does Surface Water Count as a Flood?
A carrier denied a client’s property damage claim because the water was “surface water.” The property had the standard ISO special perils form, as well as coverage on a sublimit for sewer and drain backup.
Hurricane Idalia Brings Flood Insurance into Focus
The severe flooding in the Southeast U.S. brought by Hurricane Idalia highlights the importance of flood insurance.
NOAA Revises 2023 Hurricane Outlook to ‘Above Normal’
National Oceanic and Atmospheric Administration (NOAA) forecasters are predicting 21 named storms, of which up to 11 could become hurricanes.
Debunk Customers’ Most Common Flood Myths to Avoid E&O Claims
Here are six of the most common misconceptions the general public shares about flood coverage, which affect an agent’s ability to sell a flood policy.
3 Trends Impacting the Flood Insurance Market
The exposure to flood losses has forced more residents and business owners to purchase flood insurance, while insurers are reevaluating the extent of their risks.
3 Ways Agents Can Help Clients Understand Flood Insurance Coverage
Despite the frequency of flooding, inflation and an uncertain economic outlook can make flood insurance a difficult sell.
FloodFlash Brings Parametric Insurance to the U.S.
FloodFlash aims to close the gap for businesses without flood coverage or that have coverage with large deductibles in place.
Changes in the Flood Market Are Raising Awareness of Insurance Options
With changes in the frequency and severity of flooding events, opportunities are considerable for the continued evolution of the flood insurance market.
From The Front Lines: Flood Insurance
“Both the NFIP and the private market will remain extremely important,” says independent agent Jeffrey Wyrsch. “We need to have both because they both offer advantages in different situations.”