U.S. E&S Sector Is Booming…But Is it Too Much Business to Handle?

FEMA Adds Nearly $620M to Reinsurance Program

Temporary Fix Keeps National Flood Insurance Operating, But Only Until Nov. 17

Real estate interests and insurance companies that administer National Flood Insurance Program policies are heaving a sigh of relief after Congress approved a last-minute ...

Climate Change Means Californians Need Flood Insurance Now

Californians know wildfires and earthquakes; hurricanes, not so much. So, when Tropical Storm Hilary inundated Southern California in normally bone-dry August, it showed ...

Private Flood Insurers Seize Opportunity as NFIP Falters

GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall

FEMA's National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021, but the program faces a potentially significant ...

FEMA Hit by Multistate Lawsuit Over Flood Insurance Rating Formula

A federal lawsuit claims FEMA failed to take into account skyrocketing flood insurance costs generated by its new rating system, Risk Rating 2.0.

FEMA Releases New Flood Insurance Rates by ZIP Code — Brace for Impact

When the Federal Emergency Management Agency unveiled its new Risk Rating 2.0 methodology for calculating flood insurance, advocates and critics alike warned that it ...

Insured Losses For Calif. Floods $3.5-$6.5B Below Total Loss: RMS

Moody's RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500,000 and $1.5 billion, ...

Drenching In California: Most Homeowners Have No Flood Insurance

Last Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks ...

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