Let us begin with a few words of caution about the 2019 Atlantic Hurricane Season. Prepare for the worst and hope for the best. Know your flood risk to prevent uninsured losses, minimize unwarranted expenses, and protect the value of your property. Experts predict a 2019 season, June 1 through November 30, of “near-normal” activity: […]
The Federal Emergency Management Agency (FEMA), which administers the National Flood Insurance Program (NFIP) announced Risk Rating 2.0, a new effort designed to improve how the NFIP determines flood risk and flood insurance premiums. It purports to leverage industry best practices and technology; however, by most accounts, Risk Rating 2.0 will increase premiums and decrease […]
The countdown is on, yet again, for NFIP Reauthorization, the renewal of the National Flood Insurance Program set to expire May 31, 2019. Both the U.S. House of Representatives and U.S. Senate must pass legislation to continue the federal program and will consider changes, improvements, short-term or long-term renewal. Last month’s U.S. House Committee on […]