Risk Rating 2.0: A Success Story
On April 1st, Risk Rating 2.0 began its full implementation. As more National Flood Insurance Program (NFIP) policies are written and…
Risk Rating 2.0 First Take: Messaging Will be Key
In August, FEMA released rates for the highly anticipated National Flood Insurance Program (NFIP) rating redesign Risk Rating 2.0, also called "Equity in…
Risk Rating 2.0 Will Change The Industry, Not Just The NFIP
When FEMA announced the transformation of the National Flood Insurance Program (NFIP) with updated and modernized rating dubbed Risk Rating 2.0, questions…
New Private Flood Rule Offers Hope And Raises Concern
In late 2020, the Department of Housing and Urban Development (HUD) released its proposed rule to accept private flood insurance for Federal Housing…
As 2020 ends, we look towards busy legislative year in 2021
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…
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…
Flood Risk Awareness Paramount In Our New World
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…
CRS Success: Setting Precedents in Community Outreach
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,…
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,…
Understanding New Private Flood Insurance Lending Regulations
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…