Podcasts about national flood insurance program nfip

Jake Holehouse, CEO of HH Insurance Group, joins host Owen LaFave for a deep dive into a topic relevant to every Floridian: the cost of insurance in our wonderful but weather-prone state. Yes, Florida has experienced insurance challenges in recent years–especially when it comes to property, auto, flood, and marine insurance–but as Jake says, “It doesn't have to be expensive in Florida.” This informative discussion starts with the impact of 2022 legislative reforms on stabilizing insurance rates, and why consumers may not see immediate reductions due to rising construction costs–even though the market is in a better position and continues to improve. In the meantime, Jake shares practical strategies home and business owners can use to reduce their premiums and mitigate expenses. He also explains the limitations of the National Flood Insurance Program (NFIP) and the unique vulnerabilities experienced by businesses in flood-prone areas. Finally, Jake and Owen look to the future with the rise of Insurtech–the use of AI and other technology–and consider reasons to feel optimistic about the state of insurance in Florida.   The Bank of Tampa | Member FDIC

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Our guest, Mark Prysock, RIMS General Counsel & VP of External Affairs, is here to tell us about the RIMS Legislative Summit 2025, in Washington D.C. on March 19th and 20th. Mark shares the top five RIMS legislative priorities, what they mean, and how they impact the risk management profession. These include the need to regulate private third-party legislation funding, data privacy, and cyber security, the National Flood Insurance Program, non-profit tax reform, and the Investing in Tomorrow's Workforce Act, liberalizing College 529s to allow using them for certifications. Listen for details on the RIMS Legislative Summit 2025, why you should attend, and what you can expect from it. Key Takeaways: [:01] About RIMS and RIMScast. [:15] Public registration is open for RISKWORLD 2025! RIMS wants you to Engage Today and Embrace Tomorrow in Chicago from May 4th through May 7th. Register at RIMS.org/RISKWORLD and the link in this episode's show notes. [:33] About this episode. We will be joined by RIMS General Counsel and Vice President for External Affairs, Mark Prysock to discuss RIMS's legislative priorities and the RIMS Legislative Summit.. [:59] RIMS-CRMP Workshops! RIMS will partner with Purima once again on March 5th and 6th to deliver a virtual RIMS-CRMP Prep Course. Links to these courses can be found through the Certification page of RIMS.org and this episode's show notes. [1:18] Virtual Workshops! On February 26th and 27th, Elise Farnham of Illumine Consulting will lead “Applying and Integrating ERM”. “Managing Data for ERM” will be hosted by Pat Saporito. That course starts on March 12th, 2025. [1:44] A link to the full schedule of virtual workshops can be found on the RIMS.org/education and RIMS.org/education/online-learning pages. A link is also in this episode's show notes. [1:55] RISKWORLD registration is open. Take advantage of our Super Savings Rate by February 28th. Register at RIMS.org/RISKWORLD. [2:07] Speaking of RISKWORLD, next week, we will have one of the main stage keynotes, Holly Ransom, join us. Be sure to subscribe to RIMScast to make sure you get that episode as it comes out! [2:19] Today's episode is all about RIMS's legislative priorities and how those priorities will be addressed at the RIMS Legislative Summit 2025, March 19th and 20th in Washington, D.C. You can learn more about it at RIMS.org/advocacy. [2:37] One of my favorite RIMS colleagues is here to discuss all things legislation. Mark Prysock is our General Counsel and Vice President for External Affairs. [2:48] Mark is the point person for the RIMS Legislative Summit 2025, helping to ensure that our priorities at RIMS are communicated on behalf of our members to representatives in Congress. [3:02] Mark is going to join me today to discuss the top five RIMS legislative priorities in a little bit more detail, provide some additional perspective, and discuss the agenda a little bit, which will be finalized soon. [3:19] Interview! Mark Prysock, welcome back to RIMScast! [3:26] The RIMS Legislative Summit 2025 will be held on March 19th and 20th in Washington, D.C. This is a different time of year to host the summit. It was formerly held in September or October, depending on whether it was an election year. [3:56] Mark says the event was shifted to March because Congress, in general, seems to be fatigued by the end of the year. By September or October, it seemed that Congress was pretty much done with what they planned to get done for the year already. [4:13] RIMS thought it would make sense to meet with them in the first quarter of the year rather than the last quarter and see if they can't get more engagement or interest in RIMS's issues. Mark is excited about this change to March for the Summit. Congress will be newly in session. [4:41] The Summit participants will be meeting some new committee chairs and ranking members for the first time. This is going to be a great shift for the RIMS Legislative Summit. [5:02] This year will be a little different because there is going to be a significant tax bill passed. In 2017 there was a large package of temporary tax cuts which are set to expire this year. No one in Congress wants those tax cuts to expire and hit the American people with a tax hike. [5:27] To extend those tax cuts, Congress has to find other ways to generate tax revenue. So there will probably be a big tax bill this year. This is a good time to engage with the broader association community and members of Congress on these issues. [6:05] Mark says the Congressional Budget Office will rate how much of an impact, positively or negatively, a bill is going to have on the government's finances. Eight years was the maximum they could push out these tax cuts without the government going over the tax cliff. [6:30] These temporary tax cuts are set to expire in September. Congress will need to do something about that. [6:39] The top five RIMS legislative priorities are listed on the RIMS.org site. Please see the link in this episode's show notes. Justin and RIMS CEO Gary LaBranche discussed these legislative priorities in a recent RIMScast episode. [7:07] The top five legislative priorities, in no particular order, include third-party litigation funding. This issue is gaining a lot of traction in Washington. Mark defines third-party litigation funding as private investors backing civil litigation with significant sums of money. [7:39] There are currently no disclosure requirements. It can be a national security risk when foreign agents fund litigation here in the United States. Funders are often in a position to take control of litigation. They often get paid before the claimants and there is little regulation. [8:23] On both sides of the aisle, there's a feeling that Congress needs to adopt, at least, some disclosure requirements so the courts and arguably, the other parties to the lawsuit are aware of who is backing this litigation. [8:43] RIMS is particularly concerned about the national security threat. There could be bad players from around the world funding litigation against American businesses. This concern seems to be gaining traction in the House and the Senate. [9:08] RIMS is very happy to be actively involved in a broader group that's working on this issue. [9:27] The Plaintiffs Bar loves third-party litigation funding because it can make filing and pursuing lawsuits extremely profitable. They may not embrace limits on it. [10:10] Another legislative priority is data privacy and cyber security. RIMS is interested in having Congress pass a uniform data privacy law. Right now, there's a patchwork of state laws that your company needs to know if it operates in multiple jurisdictions. It's not an easy thing to do. [10:45] The last session of Congress came close to passing a Uniform Data Privacy Bill. That bill had a couple of significant flaws. It created carve-outs for the laws of favored states such as California, New York, and Massachusetts. [11:24] It also created a private right of action so individuals could sue companies for failing to comply with this law. The outcome of those cases would be on a state-by-state basis. Over time, this would lead to a patchwork of state laws. [11:48] RIMS is hoping to get a better version of the unified standard bill passed this session. [11:53] RIMS is looking for a reauthorization of the National Flood Insurance Program (NFIP), currently part of the Continuing Resolution funding the federal government. It's “must pass” legislation. Few serious lawmakers would consider it good to shut down the government. [12:25] The Continuing Resolution gets renewed regularly. The NFIP, rolled up into it, also gets renewed regularly. It's hard to make structural enhancements to a program that is part of the Continuing Resolution. The CR is often passed at the last minute; it's hard to change it. [13:21] Non-profit Tax Reform is a new issue. It's in a tax bill being considered to generate revenue to cover extending the expiring tax cuts. Tax-exempt organizations pay taxes on unrelated business income, which is a foggy area. Many organizations don't pay any tax. [13:54] There is a movement to reconsider non-profit tax exemptions. The idea is that the corporate tax rate, currently 21%, should be levied against all non-donation revenue that associations and non-profit organizations generate. [14:10] For RIMS, that would include event revenue, sponsorships, royalties, membership dues, and any other non-donation revenue. It's a significant deal. [14:29] Mark sees two drivers to this idea. The first is, that Congress does need to find a big pot of money to make sure the government doesn't go off this tax cliff. The second is an intellectual argument that it's time to take another look at why we're not taxing these organizations more. [14:52] It's a significant issue for RIMS and the association community at large because of the financial hit they could all take. Mark believes it will be considered by Congress relatively early this year. [15:05] Justin adds a statement that “RIMS has joined the steering committee of ASAE's Community Impact Coalition to protect the non-profit community and educate Congress on the societal benefits of the tax-exempt sector.” [15:21] ASAE is the American Society of Association Executives. It's an association for association people. Justin met some of the ASAE executives at an NYSAE event last year. They are all in alignment on this issue. [15:43] Plug Time! RIMS Webinars! HUB International continues its Ready for Tomorrow Series with RIMS. On February 20th, they will host “Ready for the Unexpected? Strategies for Property Valuation, Disaster Recovery and Business Continuity in 2025”. [16:03] On March 13th, our friends from Global Risk Consultants will return to discuss “How to Make Your Property Insurance Submission AI-Ready”. [16:13] On a unique day and time, March 26th at 2:00 p.m. Eastern Time, members of the RIMS Strategic and Enterprise Risk Management Council will extend the dialog that began in the recent RIMS Executive Report “Understanding Interconnected Risks”. [16:31] More webinars will be announced soon and added to the RIMS.org/webinars page. Go there to register. Registration is complimentary for RIMS members. [16:43] Nominations are also open for the Donald M. Stuart Award which recognizes excellence in risk management in Canada. Links are in this episode's show notes. [16:54] The First of (hopefully) Many RIMS Texas Regional Conferences will be held in San Antonio from August 4th through 6th, 2025. The Risk Management Roundup in San Antonio is set to unite the Texas RIMS Chapters and welcome risk professionals from around the world. [17:13] You can join as a speaker. The Conference Planning Committee is interested in submissions that explore technology and cyber risk, workforce protection and advancement, energy and sustainability, extreme weather, construction, restaurant, retail, hospitality, and more. [17:35] The deadline to submit your proposal is Monday, February 24th. The link to the event and the submission process is in this episode's show notes. Go check it out! [17:47] Let's Return to My Interview with RIMS General Counsel & VP of External Affairs, Mark Prysock! [17:58] The fifth RIMS top legislative priority is the Invest in Tomorrow's Workforce Act. That has emerged in the last year or so, about 529 Savings Plans. In the last Congress, there was strong bi-partisan, bi-cameral support to pass this legislation. [18:15] This bill would allow College 529 plans to be used to pay for certification programs, like the RIMS-CRMP. There's a strong coalition, led by ASAE, that emerged last year to get this legislation moving. [19:06] This bill would benefit association members in two ways: Members with 529 plans could use them for certifications, and many associations have certification programs that would benefit if 529 dollars were used to pay for them. [19:34] Will all five priorities be addressed on Capitol Hill during the Summit? Mark will prep RIMS members to go forward and talk about all five issues. It's possible that some of the issues will not have surfaced enough for RIMS members to spend a lot of time discussing them. [19:50] If no House or Senate bill has been introduced on the issue, it would be premature to try to have a conversation about it with a Congressional staffer or a member of Congress. On the other hand, an issue may already have been settled and wouldn't be a priority to discuss. [20:23] Mark is moving forward with the idea that there will probably be five issues, but practically speaking, it may work out to be three. [20:39] The agenda for the Legislative Summit is on the RIMS Advocacy page. Click on the Register Now button to see it. [20:58] Mark gives an overview of what to expect at the RIMS Legislative Summit 2025. Wednesday, March 19th, is Education Day, a crash course in legislation. U.S. Chamber lobbyists, members of the administration, members from Capitol Hill, and Mark will talk on these issues. [21:24] The idea is to make sure RIMS members are well-briefed before they go to the Hill. They will understand the key talking points and will have the key talking points in hand. It's very important to know what the “ask” is; what we are asking the members of Congress to do. [21:46] By the end of the day, the RIMS member will be prepped. On Wednesday evening there will be a nice reception. [21:56] Thursday, March 20th, is the day the RIMS members go to the Hill, meet with Congressional Staff, maybe meet with members of Congress, and talk about the RIMS legislative priorities. [22:38] Something Mark is working on and hopes to finalize and announce soon is a private tour of the U.S. Capitol Building on Tuesday, for those who arrive early enough. Tours are normally led by current or former members of Congress. The tours are entertaining and memorable. [23:09] Mark is a former Congressional staffer. He enjoyed working on Capitol Hill. He spent a lot of time sitting across the table from people like the RIMS members. He emphasizes that Congressional staff are more interested in hearing from you (constituents) than from lobbyists. [24:11] Don't in any way be intimidated by the thought of going up to Capitol Hill and lobbying. The staff do want to hear from you! [24:24] Mark and his experience help put the RIMS attendees at a little bit of an advantage in putting things in a way that will get through to the staffers and be heard. He speaks the language! [24:52] Mark, it has been a pleasure to see you. One thing I want to mention: Only U.S. RIMS members and individuals who are representing U.S.-based entities of RIMS can attend the RIMS Legislative Summit! You don't have to live in the U.S. to be an attendee. [25:16] Mark is looking for a keynote speaker to speak to the RIMS Legislative Summit 2025 at the reception on Wednesday the 19th. Stay tuned! [25:56] Special thanks again to RIMS General Counsel and Vice President of External Affairs, Mark Prysock. Learn more about RIMS advocacy efforts at RIMS.org/Advocacy. If you go there, you'll find the registration page for the RIMS Legislative Summit on March 19th and 20th, 2025. [26:18] More announcements about the summit will be made here on RIMScast as they are released. Also on the RIMS Advocacy page, check out the RISKPAC, the RIMS Political Action Committee, the Chapter Advocacy Ambassador program, and more. [26:33] More RIMS Plugs! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in our show notes. [27:01] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [27:19] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [27:37] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [27:53] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [28:07] Justin Smulison is the Business Content Manager at RIMS. You can email Justin at Content@RIMS.org. [28:15] Thank you all for your continued support and engagement on social media channels! We appreciate all your kind words. Listen every week! Stay safe!   Mentioned in this Episode: RISKWORLD 2025 — May 4‒7 | Register today! | Super savings rate ends Feb. 28. RIMS Legislative Summit — March 19‒20, 2025 RIMS Announces Legislative Priorities for 2025 Nominations for the Donald M. Stuart Award Spencer Educational Foundation — General Grants 2026 — Application Dates RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Texas Regional Conference 2025 | Submit an Educational Session by Feb. 24. RIMS Risk Management magazine RIMS Webinars: RIMS.org/Webinars “Ready for the Unexpected? Strategies for Property Valuation, Disaster Recovery and Business Continuity in 2025” | Sponsored by Hub International | Feb. 20, 2025 “How to Make Your Property Insurance Submission AI-Ready” | Sponsored by Global Risk Consultants, a TÜV SÜD Company | March 13, 2025 “Understanding Interconnected Risks” | Presented by RIMS and the Strategic and Enterprise Risk Management Council | March 26, 2025   Upcoming RIMS-CRMP Prep Virtual Workshops: “Stay Competitive with the RIMS-CRMP” | Presented by the RIMS Greater Bluegrass Chapter February 19‒20, 2025 | Instructor: Chris Mandel RIMS-CRMP Exam Prep with PARIMA | March 5‒6 and April 22‒23 | Virtual Full RIMS-CRMP Prep Course Schedule   Upcoming Virtual Workshops: “Fundamentals of Insurance” | Feb. 19‒20 | Instructor: Gail Kiyomura “Applying and Integrating ERM” | Feb. 26‒27 | Instructor: Elise Farnham “Managing Data for ERM” | March 12 | Instructor: Pat Saporito See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops   Related RIMScast Episodes: “Kicking off 2025 with RIMS CEO Gary LaBranche”   Sponsored RIMScast Episodes: “Simplifying the Challenges of OSHA Recordkeeping” | Sponsored by Medcor “Risk Management in a Changing World: A Deep Dive into AXA's 2024 Future Risks Report” | Sponsored by AXA XL “How Insurance Builds Resilience Against An Active Assailant Attack” | Sponsored by Merrill Herzog “Third-Party and Cyber Risk Management Tips” | Sponsored by Alliant “RMIS Innovation with Archer” | Sponsored by Archer “Navigating Commercial Property Risks with Captives” | Sponsored by Zurich “Breaking Down Silos: AXA XL's New Approach to Casualty Insurance” | Sponsored by AXA XL “Weathering Today's Property Claims Management Challenges” | Sponsored by AXA XL “Storm Prep 2024: The Growing Impact of Convective Storms and Hail” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Partnering Against Cyberrisk” | Sponsored by AXA XL “Harnessing the Power of Data and Analytics for Effective Risk Management” | Sponsored by Marsh “Accident Prevention — The Winning Formula For Construction and Insurance” | Sponsored by Otoos “Platinum Protection: Underwriting and Risk Engineering's Role in Protecting Commercial Properties” | Sponsored by AXA XL “Elevating RMIS — The Archer Way” | Sponsored by Archer “Alliant's P&C Outlook For 2024” | Sponsored by Alliant “Why Subrogation is the New Arbitration” | Sponsored by Fleet Response “Cyclone Season: Proactive Preparation for Loss Minimization” | Sponsored by Prudent Insurance Brokers Ltd. “Subrogation and the Competitive Advantage” | Sponsored by Fleet Response   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring RIMS Vice President Manny Padilla!   RIMS Events, Education, and Services: RIMS Risk Maturity Model®   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guest: Mark Prysock, RIMS General Counsel & VP of External Affairs   Production and engineering provided by Podfly.  

More and more Americans face the threat of flooding. And as a country, we are woefully unprepared. Cities like Charleston and Miami already see routine coastal flooding. Hurricane Helene recently hammered many inland communities with flooding. And the risk is only rising.FEMA's National Flood Insurance Program (NFIP) sells about 90% of the nation's flood insurance policies, but only a small percentage of Americans are covered. In an effort to account for climate change, expand coverage, and make the NFIP more "fair," FEMA recently overhauled its flood insurance program. It's called Risk Rating 2.0, and the sweeping changes are proving to be highly controversial.In this episode, we talk to Rebecca Elliott, author of Underwater, about how the story of American flood insurance is really a story about people and our values as a nation.For more resources about flood insurance and Risk Rating 2.0, check out the Coalition for Sustainable Flood Insurance.---This episode was hosted by Carlyle Calhoun and Eva Tesfaye. Carlyle Calhoun is the managing producer. Our sound designer is Emily Jankowski and our theme music is by Jon Batiste. Sea Change is a WWNO and WRKF production. We are part of the NPR Podcast Network and distributed by PRX. Sea Change is made possible with major support from the Gulf Research Program of the National Academy of Sciences, Engineering, and Medicine and The Water Collaborative. WWNO's Coastal Desk is supported by the Walton Family Foundation, the Meraux Foundation, and the Greater New Orleans Foundation.

More and more Americans face the threat of flooding. And as a country, we are woefully unprepared. Cities like Charleston and Miami already see routine coastal flooding. Hurricane Helene recently hammered many inland communities with flooding. And the risk is only rising. FEMA's National Flood Insurance Program (NFIP) sells about 90% of the nation's flood insurance policies, but only a small percentage of Americans are covered. In an effort to account for climate change, expand coverage, and make the NFIP more "fair," FEMA recently overhauled its flood insurance program. It's called Risk Rating 2.0, and the sweeping changes are proving to be highly controversial.In this episode, we talk to Rebecca Elliott, author of Underwater, about how the story of American flood insurance is really a story about people and our values as a nation.For more resources about flood insurance and Risk Rating 2.0, check out the Coalition for Sustainable Flood Insurance.  This episode was hosted by Carlyle Calhoun and Eva Tesfaye. Carlyle Calhoun is the managing producer. Our sound designer is Emily Jankowski and our theme music is by Jon Batiste. Sea Change is a WWNO and WRKF production. We are part of the NPR Podcast Network and distributed by PRX. Sea Change is made possible with major support from the Gulf Research Program of the National Academy of Sciences, Engineering, and Medicine and The Water Collaborative. WWNO's Coastal Desk is supported by the Walton Family Foundation, the Meraux Foundation, and the Greater New Orleans Foundation. 

This Episode Brought To You By: All-Hazards Incident Management Teams Association (AHIMTA)Join us on Theory into Practice as we delve into the critical aspects of disaster resilience and emergency management. Featuring expert insights from Dr. Daniel Kaniewski and Dan Scott, this episode covers the importance of pre-disaster actions, the economic benefits of hazard mitigation, and the role of insurance in disaster preparedness.We explore the misconceptions about FEMA assistance, the significance of the National Flood Insurance Program (NFIP), and the work of the Institute for Business and Home Safety (IBHS). Learn practical strategies and steps that individuals, communities, and policymakers can take to enhance resilience, reduce dependency on federal aid, and safeguard against catastrophic events. Connect with us and our experts on LinkedIn for more updated information and resources.Dr. Daniel Kanieski LinkedIn:https://www.linkedin.com/in/dankan/ All-Hazards Incident Management Teams Association (AHIMTA)https://www.ahimta.org/  This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit emnetwork.substack.com/subscribe

 The 2024 Guide to Flood InsuranceEpisode Overview:In this episode, we're taking a deep dive into everything you need to know about flood insurance in 2024. Whether you're a homeowner, real estate investor, or just curious about how flood insurance works, we've got you covered. We'll explore various flood insurance options, coverages, deductibles, understanding flood zones, and the crucial role of flood scores.**What You'll Learn:**1. **Flood Insurance Options:**   - The difference between federal flood insurance through the National Flood Insurance Program (NFIP) and private flood insurance options.   - How to choose the right policy for your property's risk and your financial needs.2. **Understanding Coverages:**   - What is typically covered by flood insurance and what isn't.   - Special considerations for building property and personal content coverage.3. **Deductibles Explained:**   - How choosing the right deductible can affect your premium and out-of-pocket costs during a claim.   - Tips for balancing risk and affordability.4. **Flood Zones and Their Impact:**   - How flood zones are determined and their importance in your insurance policy.   - Recent changes to flood zone designations and what they mean for you.5. **The Importance of Flood Scores:**   - What a flood score is and how it influences your flood insurance rates.   - Strategies for improving your property's flood score and potentially lowering your insurance costs.**Listener Questions:**- We answer your most pressing questions about flood insurance—everything from policy limits to what happens if you're newly mapped into a high-risk flood zone.**Resource Links:**- [Link to NFIP Guidelines]- [Link to Your Flood Zone Review Service]- [Link to an Interactive Flood Map]Don't wait for the flood waters to rise before you get covered! Visit our website at  to learn more about your options, or give us a call to discuss how we can help you stay protected.Contact Information: Website: FloodInsuranceGuru.com Email: flood@floodinsuranceguru.com YouTube: Flood Insurance Guru Channel Remember, knowledge is power, especially when it comes to protecting and maximizing your real estate investments.

Introduction:Welcome back to The Flood Insurance Guru Podcast, hosted by Chris Greene, owner of The Flood Insurance Guru and The Flood Professor.This podcast is dedicated to bringing flood education to homeowners, real estate investors, and real estate professionals.Episode Overview:Topic: Climate Change Isn't the ProblemChris discusses how human behavior, not just climate change, plays a crucial role in flood risks and disaster recovery.Key Points:Climate Change vs. Human Behavior:Climate change is a significant issue, but it's been happening for centuries.Rapid climate changes are causing more frequent and severe flooding events.Major floods in recent years: Houston, Dallas, St. Louis, Birmingham, and Waverly.Human Behavior and Disaster Response:Rebuilding in the same areas post-disaster without changes.Importance of adhering to local floodplain management guidelines.The role of the National Flood Insurance Program (NFIP) and its guidelines.Flood Insurance and Risk Awareness:Many homeowners only purchase flood insurance when required by banks.There is a need to understand flood risk scores and not solely rely on flood zones.It is important to know the specific risks related to properties, such as proximity to creeks, rainfall, or basement issues.Changing Beliefs and Behaviors:Changing beliefs about flood risk and financial protection.Understanding flood zones and maps can be outdated and not fully indicative of actual risk.Using tools and resources to make informed decisions about property investments in flood-prone areas.The Consequences of Inaction:The financial and emotional toll of flood recovery.There is a potential for businesses to never reopen after a flood due to inadequate insurance.There is limited assistance from the government when disasters are not declared officially.Call to Action:Resources: Download guides on flood zones and understanding flood insurance from the podcast description.Engagement: Visit the YouTube channel, Flood Insurance Guru, for additional educational videos.Blog: Check out the podcast blog on the website, floodinsuranceguru.com, for deeper insights.Guide to flood zonesCheck Your Flood RiskGet a Flood Insurance QuoteWebsiteContact Information: Website: FloodInsuranceGuru.com Email: flood@floodinsuranceguru.com YouTube: Flood Insurance Guru Channel Remember, knowledge is power, especially when it comes to protecting and maximizing your real estate investments.

On this episode of Agency Nation Radio, host Brian Chapman, agent and owner of Chapman Insurance in Florida, sits down with Cassie Masone, vice president of flood operations at Selective Insurance. Masone, an authority on the National Flood Insurance Program (NFIP), shares insights and experiences from her decade-long involvement with FEMA and her work at Selective. They discuss the challenges faced during events like Hurricane Ian; the complexities of flood insurance claims, particularly in condominium associations; the importance of education and communication for agents; dispelling misconceptions; and providing clarity on flood insurance coverage. “To me, it's clear that customers want more information about flood insurance, more so now than they have in the past,” Masone says. “For any agents that are just like, 'I'm not sure if I really want to get into this flood space?' I really think now is the time because people want to talk about it.” Join them as they delve into the evolving landscape of flood insurance and its impact on communities and the insurance industry and walk away with strategies to help you best prepare your clients. Agency Nation Radio is where insurance professionals turn on the mic and share unscripted stories about leadership, technology, marketing, success, and failure—stories that helped make them the professionals they are today. From Main Street USA to the pages of Independent Agent magazine—we've got the stories you want to hear. For more, catch Agency Nation Radio on your favorite streaming platform or visit https://www.iamagazine.com/podcasts. Additional Links ------- https://www.selective.com/agents/flood-agents https://selective.dmplocal.com/main/index.php?action=viewsenthtml&id=27607&ids=3705eae5ddc0a75c6022078ffb8239e42c0179a7&viewers_email=krista.albert@selective.com https://selective.dmplocal.com/main/index.php?action=viewsenthtml&id=27780&ids=f5b1d10375b60769350c4f0effb4dd65b51b520a&viewers_email=krista.albert@selective.com

Jeff Jackson has served as the Deputy Assistant Administrator for the Federal Insurance Directorate within Resilience since 2020. In this role, Jeff leads flood insurance operations for the National Flood Insurance Program (NFIP) at FEMA. The NFIP currently has approximately 4.7 million policyholders across the nation. The program collects over $3.5 billion in revenue annually. During […]

Are you navigating the complex world of flood insurance? Are you unsure about your options when it comes to protecting your home or property from one of nature's most destructive forces? Join us on "Navigating the Waters of Private Flood Insurance," a podcast dedicated to unraveling the intricacies of private flood insurance and helping you make informed decisions to safeguard your assets.Hosted by experts in the insurance industry, each episode explores a different facet of private flood insurance, shedding light on the following key topics:Understanding Flood Risk: We'll delve into the science of floods, floodplain mapping, and how to assess your property's risk accurately.Federal vs. Private Insurance: Learn about the key differences between the National Flood Insurance Program (NFIP) and private flood insurance, and why private coverage might be the right choice for you.Policy Options and Coverage: Discover the various policy options available in the private market, including building and contents coverage, excess flood insurance, and more.Cost and Affordability: We'll break down the cost factors involved in private flood insurance and offer tips on finding affordable coverage that meets your needs.Claims Process: Gain insights into how the claims process works with private flood insurance providers and what you can do to ensure a smooth claims experience.Regulatory Landscape: Stay up-to-date with the latest changes and regulations affecting private flood insurance, ensuring you're always informed and compliant.Expert Interviews: Hear from industry experts, insurance agents, and homeowners who have firsthand experience with private flood insurance. Their stories and advice can help you make informed decisions.Whether you're a homeowner, renter, real estate professional, or insurance agent, this podcast equips you with the knowledge and tools you need to navigate the waters of private flood insurance confidently. Join us as we dive into this essential topic, ensuring you have the protection you need when disaster strikes.Ready to start a quote start here Visit the flood learning center here

Traditionally, FHA loans, which are insured by the Federal Housing Administration, have required borrowers to obtain flood insurance through the National Flood Insurance Program (NFIP). The NFIP is a federal program managed by the Federal Emergency Management Agency (FEMA).Private flood insurance refers to flood insurance coverage provided by private insurance companies as an alternative to the NFIP. Historically, private flood insurance options have been limited, and FHA loans generally required NFIP coverage.Now you are able to obtain Flood insurance thru the Private sector for FHA loans, previously you could have gotten quotes that were way higher and prevented a sale from happening. That has now all changed.tune in and learn more at https://www.ddamortgage.com/blogDidier Malagies nmls#212566DDA Mortgage nmls324329#mortgage Support the show

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Joel Wood joins RIMScast to discuss the shared goals of RIMS and CIAB in 2023 in the way of cyber, NFIP, and other major risk management issues. Though many of these issues are non-partisan, he provides a pragmatic view of how much progress might be made with such a divided Congress. Joel shares his hopes for the House and the Senate to work together on important data security legislation. Joel expresses his appreciation for RIMS, as a pure voice for insureds, and how CIAB and RIMS come together for many objectives and goals.   We also hear about his career and some of the members of Congress and DC players who may prove to be valuable allies for RIMS and CIAB.   Key Takeaways: [:01] About RIMScast. [:27] About today's episode with Council of Insurance Agents and Brokers (CIAB) President Joel Wood. [:37] All about upcoming RIMS webinars, and more! [1:10] The RIMS Canada Conference 2023 has been announced for September 11th‒14th in Ottowa! Visit RIMSCanadaConference.ca for more information. [1:27] The RIMS Legislative Summit will be held October 25th and 26th in Washington, D.C. For information, visit the link in the show notes. [1:43] The Council of Insurance Agents and Brokers is a prominent ally of RIMS. [1:57] Joel Wood became president of CIAB in January 2023 and is well-known in the risk and insurance community, having lobbied on behalf of CIAB for thirty years. [2:08] Justin recorded this interview with CIAB President Joel Wood prior to RISKWORLD. They discussed RIMS's and CIAB's common goals and visions for 2023. [2:31] Justin welcomes Joel Wood to RIMScast. [2:37] Joel Wood is President of CIAB after 30 years of lobbying for the organization. [3:07] Joel went to Washington 40 years ago to work for a member of Congress from his hometown and after five-and-a-half years, he went to an insurance trade group. Joel joined CIAB 30 years ago. CIAB has about 185 members, responsible for over 90% of premiums placed in the commercial property/casualty insurance market nationally. [4:05] CIAB members have a good chunk of premiums on the health benefits side, also, including two-thirds of all employer-sponsored group health insurance plans. [4:30] All CIAB firms do business in all 50 states; most do international business. There is a commonality of interests among them. Joel talks of the extraordinary M&A environment over the last several years. CIAB has benefitted overall from M&A. [5:35] The member of Congress Joel worked for was Don Sundquist, who later served for eight years as Governor of Tennessee. Joel talks about working for him. [6:44] CIAB goes back 115 years. They host a premier event in the international commercial business insurance marketplace, at the Broadmoor, for brokers, carriers, and reinsurers to make connections. For most CIAB members, though, the one meeting that matches or surpasses it is the annual RIMS meeting. [7:30] The relationship between CIAB and RIMS is extremely strong. Joel lists the threat of hard markets, shrinking capacity, inflation, and the rise of uninsurable events, in the eyes of the carriers. Joel comments on the chances of getting legislation passed by the divided government on Capitol Hill. [9:34] Joel sees the most room for bipartisanship this year on data privacy legislation. Everyone in the insurance ecosystem shares frustration with 50 different standards on anything to do with data privacy. Joel explains his hope for the House and Senate to work together on data privacy legislation. [11:33] A stretch goal is to reduce the cost of prescription drugs and enforce transparency for the PBM marketplace. Joel finds two-thirds of member firms spend two-thirds of their time on the benefits side, fighting existential threats, instead of on the property & casualty side, where two-thirds of their revenue is. [12:42] PBMs have declared that the 2020 legislation requiring brokers to prospectively report all of their compensation from ERISA plans does not apply to them. Joel hopes the Senate will look closely at that. [13:57] In property & casualty, Joel would like to see 2023 legislation on flood insurance. It's going to take a dedicated Senate Banking Committee to make it happen. [11:41] RIMS plug time! Sponsor a weekly or dedicated episode of RIMScast! Contact us at pd@rims.org. RIMS Fundamentals of Risk Data, Analytics and AI virtual workshop is coming up on June 15! It's a course for the RIMS Fundamentals of Risk Data Analytics and AI certificate on completion! See the link. To support education visit SpencerEd.org. [13:45] CSA Group is the Canadian Standards Association. They are a leader in developing standards to make the world safer and in testing, inspecting, and certifying products to make sure that the products that get into the marketplace are safe. They have global operations. [16:20] About the National Flood Insurance Program (NFIP). Joel has never heard anyone say they were happy with it. He would like to see more private solutions and private markets in the flood arena. We went a long stretch in a soft commercial marketplace. These are difficult issues. [18:17] Justin and Joel share reminiscences about former Congress member, Dennis Ross. Joel would like to see him come back to lobby for risk retention insurance issues. [19:20] The biggest and perhaps smartest champion of the insurance industry in the Senate is Senator Tim Scott a former Allstate executive and agency owner. In the House, Blaine Luetkemeyer has a strong industry background. Newer House members Monica De La Cruz, Anthony Garbarino, and Byron Donalds have industry experience. [22:43] Anthony Garbarino chairs the cybersecurity subcommittee. He may be an ally on data privacy. A lot of carriers call cyber marketplace security breaches uninsurable events. [23:48] Justin thanks Joel for being on RIMScast. Joel appreciates the opportunity and is grateful for the relationships between CIAB and RIMS and their similarities on many issues. [24:54] Justin says a “special thanks to Joel Wood, the President of the Council of Insurance Agents and Brokers (CIAB).” See the links to CIAB. The RIMS Legislative Summit will be held October 23rd through the 26th in Washington, D.C. A link is on this episode's notes. There is also a link to RISK PAC coverage with Gregory McKenna. [25:30] Sponsor a RIMScast episode to reach a global audience! Justin shares other RIMS offers, including a transitional membership!   Mentioned in this Episode: RIMS Legislative Summit — October 25‒26 in Washington DC! RIMS Advocacy RISK PAC RIMS Canada 2023 — Sept. 11‒14 in Ottawa! Spencer Educational Foundation — Risk Manager on Campus Spencer Funding Their Future Gala — Sept 14 in NYC! Contribute to Risk Management Magazine RIMS Diversity Equity & Inclusion page Upcoming Webinars: The Top 10 Must-Have Reports for GRC and InfoSec Leaders | Sponsored by Resolver | June 8, 2023 Large-Scale Risk: How Walmart Manages the Risks Unique to Large and Growing Companies | Sponsored by Riskonnect | June 22, 2023 Upcoming Virtual Workshops: RIMS Fundamentals of Risk Data, Analytics and AI | June 15, 2023 | 10:00 am‒2:00 pm ET  | Registration Closes June 14 | Enroll Now Risk Appetite Management | July 12‒13 See the full calendar of RIMS Virtual Workshops Related RIMScast Episodes: “Strategic Moves with RIMS CEO Gary LaBranche” “RIMS President Jennifer Santiago: R.E.A.D.Y. for 2023” “RIMS Advocacy — See You In September” (2022) “Keeping Up With RISKPAC” (2022) Sponsored RIMScast Episodes: “Insights into the Gig Economy and its Contractors” | Sponsored by Zurich (NEW!) “The Importance of Disaster Planning Relationships” | Sponsored by ServiceMaster “Technology, Media and Telecom Solutions in 2023” | Sponsored by Allianz “Analytics in Action” | Sponsored by Alliant “Captive Market Outlook and Industry Insights” | Sponsored by AXA XL “Using M&A Insurance: The How and Why” | Sponsored by Prudent Insurance Brokers Ltd.  “Zurich's Construction Sustainability Outlook for 2023” “Aon's 2022 Atlantic Hurricane Season Overview” “ESG Through the Risk Lens” | Sponsored by Riskonnect “A Look at the Cyber Insurance Market” | Sponsored by AXA XL “How to Reduce Lithium-Ion Battery Fire Risks” | Sponsored by TÜV SÜD “Managing Global Geopolitical Risk in 2022 and Beyond” | Sponsored by AXA XL “Keeping Subcontractors Safe Through Partner Elevation” | Sponsored by Highwire “ESG: A Responsibility and a Growing Megatrend” | Sponsored by Prudent Insurance Brokers Ltd. “Prioritizing People: Focusing on Your Team to Deliver Exceptional Quality and Service to Your Clients” | Sponsored by Gallagher Bassett “Bermuda Opportunities in 2022 with BDA Chair Stephen Weinstein” | Sponsored by Bermuda Business Development Agency “SyncR: A Tool to Enhance Your Risk Quality & Insurance Strategy” | Sponsored by Prudent Insurance Brokers Ltd. “RIMScast: Navigating the Risk Landscape in 2022” | Sponsored by AXA XL “RIMScast: Prioritizing People: Expertise and Innovation” | Sponsored by Gallagher Bassett “RIMScast: Risk Findings for the Industrial & Manufacturing Industry” | Sponsored by Aon RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars Risk Management Magazine Risk Management Monitor RIMS Risk Leaders Series RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS-CRMP Stories — New interview featuring Broward County RIMS President Stacey Nielsen! Spencer Educational Foundation RIMS DEI Council RIMS Path to the Boardroom RIMS Events, Education, and Services: RIMS Risk Maturity Model® RIMS Events App Apple | Google Play NEW FOR MEMBERS! RIMS Mobile App RIMS Buyers Guide Dan Kugler Risk Manager on Campus Grant Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   Follow up with Our Guests:   Guest: Joel Wood President, Council of Insurance Agents and Brokers (CIAB)   Tweetables (For Social Media Use):   “I came to Washington 40 years ago, to work for a member of Congress from my hometown of Memphis. And so, I worked for him for five-and-a-half years. … I went off to a different insurance trade group and have been with CIAB for 30 years.” — Joel Wood   “The benefit that RIMS brings to the public policy arena is that, more purely than any other organization, RIMS members represent the voice of the insurance customer.” — Joel Wood   “I'm very circumspect about what can get done with divided government on Capitol Hill, with the narrowest possible Republican majority, and a very slim Democratic majority in the Senate, with a Democratic president, in an environment that is politically toxic.” — Joel Wood   “ We went a long stretch in a soft commercial marketplace.” — Joel Wood    

In Part 1 of this episode, host Maiclaire Bolton-Smith sits down with CoreLogic's Senior Catastrophe Response Manager Jon Schneyer to discuss the aftermath of Hurricane Ian's impact on the Florida coast six months later. The catastrophe impacted a state where the insurance market was already stressed, and now the government, homeowners and insurers are working to reorient themselves and build a stable environment in an area that increasingly faces natural hazard events due to climate change.Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZtIn This Episode:2:47 – Meet Erika Stanley, our new Facts Guru3:30 – So why was Hurricane Ian so devastating?5:26 – Let's talk about the Florida insurance landscape and how Hurricane Ian will affect things7:00 – How has the Florida Legislature worked to help the insurance industry recover?10:20 – The Sip: The numbers you need to know in the property market11:25 – Will Hurricane Ian make waves in the reinsurance market?13:34 – Will this storm affect the National Flood Insurance Program (NFIP)?

U.S. Rep. Blaine Luetkemeyer (R-St. Elizabeth) represents parts of Columbia as well as Ashland, Jefferson City, Fulton and O'Fallon. The Republican, who's now in his eighth term on Capitol Hill, tells 939 the Eagle's "Wake Up Mid-Missouri" that he'd like to get House Speaker Kevin McCarthy (R-California) to mid-Missouri. Luetkemeyer also outlined his bipartisan flood insurance bill for listeners. He's working closely with U.S. Rep. Kathy Castor (D-Florida). It would provide consumers with an alternative to the National Flood Insurance Program (NFIP) without penalty:

Most damage from Hurricane Ian appears to be from flooding, rather than wind, and thus won't be covered under most Florida homeowners insurance policies.  Insurance adjusters face a challenging job now determining whether it was wind or water or both that damaged a home, and in some cases in what order, for hundreds of thousands of properties across Florida.Former Florida Deputy Insurance Commissioner Lisa Miller talks with a seasoned insurance defense lawyer on how coverage is determined, who will pay, and the case law involved for those disputed claims that end up in court.Show NotesHurricane Ian made landfall in Lee County on Florida's Southwest coast on September 28, 2022 with winds of up to 115 mph, a storm surge of 10-15 feet, and rainfall amounts of up to 22 inches on its path across Florida before exiting in the Atlantic Ocean the next day.  The Category 4 storm was the 5th-strongest on record in the US and killed 114 people, making it the deadliest in Florida since the 1935 Labor Day hurricane.  While Ian was both a wind and a flood event, there was massive flooding in Lee County and throughout inland areas in Central and Northeast Florida.  While those residents who had mortgages and lived in a flood zone were required to have flood insurance, many of the rest of Ian's victims likely didn't.  In Lee County, only 31% of residential structures had National Flood Insurance Program (NFIP) policies, and statewide only 15%.  Standard homeowners policies do not cover flooding.“It's pretty clear what's covered under a flood policy but it is a continued debate, particularly in the HO3 (homeowners policy) form as to which policy covers what,” said Tom Diana, attorney and co-founder of the Zinober Diana & Monteverde law firm in Tampa.  He handled a lot of claims cases for insurance companies during the series of eight hurricanes that struck Florida in 2004-2005 and since, including Hurricane Ivan, which like Ian he said, was more of a storm surge and flooding event than a wind event.  “The real difficulty with Ian now, and all storms for that matter, is going to be when there is evidence of flood damage and wind damage in the same room at the same property.  What is covered by the HO3 and what is not?New technology, such as before- and after- aerial pictures of individual properties taken right after the storm, will help adjusters and engineers make better damage evaluations, said Diana, who worked previously as a civil engineer.  Video and photographs taken by policyholders are also important “as the adjusters I know want to get everything right the first time, so they don't have to do it a second time.”Diana said ensuring open communication with the policyholder along the way is most helpful in settling the claim correctly without going to court.  “Adjusting an insurance loss is not a one-way street.  It's a conversation, a continued dialogue between the insurance company and the policyholder.  Just because an adjuster is out there on day 10 doesn't mean that the policyholder can't share with them what's happened to the property between day one and day nine.  It should not be an adversarial process,” he said, in this podcast geared for field and desk adjusters and for homeowners.  Diana and host Lisa Miller walked through the case law that has evolved since the 2004-2005 storms and Hurricanes Katrina and Irma, establishing legal precedents that will help decide Hurricane Ian cases.  Today's homeowners policies, as a result, include the specific language “whether driven by wind or not” in excluding flood damage.   Diana said the main case that will likely be cited in any Ian litigation will be Sebo v. American Home Assurance Company.  In it, the Florida Supreme Court ruled that where two or more causes of a loss combine and where at least one of the perils is covered in an insurance policy, then the “concurrent cause doctrine” applies.  That doctrine requires that when the sole or proximate cause of the loss cannot be attributed to the covered or the excluded peril, then the policy must cover all damages.“Ever since it was handed down in 2016, it has been litigated over and over and over again.  It has been expanded or attempted to be expanded by policyholder advocates.  We have tried to limit the application of it,” Diana said.  Some insurance companies have tried to limit the use of the doctrine by including “anti-concurrent causation” language in their homeowner policies.   Diana said the case of Security First Insurance Company v. Czelusniak “kind of put this issue to rest in terms of what the policy covers…and is really going to control the guiding principles associated with the flood versus wind debate.  That means that technically, if flood and wind or rain water, let's say, combined to cause a loss to a specific item of personal property, or a specific area of damage, technically that is covered by the flood policy, and not the wind policy.”  He cautioned that the facts of an individual loss are really going to guide the outcome of a lot of trial and appellate court decisions involving Ian claims.Host Miller and Diana discussed that while it would be ideal to have both the flood insurance adjuster and the homeowners insurance adjuster present at the same inspection, it's often not practical, due to the volume of claims.  “Common sense must be the overriding guide for adjusters, to be able to say ‘this is wind damage', ‘this is flood damage', or ‘I think this is both',” Diana said, adding that most property owners don't know the difference between flood and wind damage.  He said he is optimistic that wind and flood carriers can work together to resolve claim responsibility and coverage.  “I think 50% of court cases I see shouldn't be filed.  They could have been resolved earlier in the process.”“I often say that a delayed claim is a more expensive claim, and more inconvenient for a policyholder,” said host Miller.  “So I know that the hundreds of adjusters in the area are working as fast as they can to get the adjustments in from the field, get them into their respective insurance companies, and have the insurance companies deliberate with the policyholder in trying to bring these in for a landing.”Host Miller and Diana noted though that legal disputes are seemingly unavoidable in Florida's excessive litigation environment.  They discussed the bad actors involved, trying to insert themselves between the policyholder and their insurance company, often just for the sake of taking over the claim to inflate its cost and their personal profit.  Many are knocking on victims' doors under the auspices of wanting to help.“I have spoken with a lot of homeowners who have had no idea that a lawsuit was being brought in their name, or on their behalf, by companies who may have done a simple thing like put a tarp on top of the roof, or things of that nature,” Diana said.  “It's very alarming because that drives up the cost of everyone's premium.  It drives up the cost of everyone's insurance policy.  And I think most people on both sides of this debate that's about to ensue will agree to that.  The only people who won't agree are the people who are undertaking those predatory tactics.”Under Florida law, policyholders have up to two years to file initial property insurance claims.Links and Resources Mentioned in this EpisodeIan More a Flood Event (LMA Newsletter of October 10, 2022) Zinober Diana & Monteverde P.A.Florida Office of Insurance RegulationFEMA's National Flood Insurance ProgramFlorida Farm Bureau Casualty Insurance Company v. CoxCorban v. United Services Automobile AssociationLiberty Mutual Fire Insurance Company v. MartinezSebo v. American Home Assurance CompanySecurity First Insurance Company v. CzelusniakIan's Fraud Warnings Sounded Early (LMA Newsletter of October 10, 2022)Hurricane Ian Fraud (LMA Newsletter of October 24, 2022)The Animal Refuge Center ** The Listener Call-In Line for your recorded questions and comments to air in future episodes is 850-388-8002 or you may send email to LisaMiller@LisaMillerAssociates.com **The Florida Insurance Roundup from Lisa Miller & Associates, brings you the latest developments in Property & Casualty, Healthcare, Workers' Compensation, and Surplus Lines insurance from around the Sunshine State.  Based in the state capital of Tallahassee, Lisa Miller & Associates provides its clients with focused, intelligent, and cost conscious solutions to their business development, government consulting, and public relations needs.  On the web at www.LisaMillerAssociates.com or call 850-222-1041.  Your questions, comments, and suggestions are welcome!  Date of Recording 10/27/2022. Email via info@LisaMillerAssociates.com   Composer: www.TeleDirections.com  © Copyright 2017-2022 Lisa Miller & Associates, All Rights Reserved

Nick Shufrois Deputy Assistant Administrator at the Federal Insurance & Mitigation Administration. The Federal Insurance and Mitigation Administration (FIMA) manages the National Flood Insurance Program (NFIP) and a range of programs designed to mitigate against future losses from all hazards, including floods, earthquakes, tornadoes, and other natural disasters. If you recall my conversation with John Robinson some weeks ago, we discussed how we often feel the impact of Climate Change through water. And yes, water scarcity will be a major challenge in the coming decades - it already is a challenge. But the other end of the spectrum probably doesn't get all the attention it deserves. Too little water is a problem. But too much water is probably even more of a risk! As I'm recording this introduction in early October 2022, the World still has the very pregnant images of one-third of Pakistan being underwater. And hurricane Ian still threatens Florida and many other places in the region. But as the European example showed, we humans have a strong capacity to forget about those crises and be surprised again when they return. Summer 2021 was all about floods, Summer 2022 was all about water scarcity, and we sometimes get lost. But what can we do about it? Actually, quite a lot. Pre-disaster mitigation is a vast toolbox with many options to reduce the impact of events we can't avoid or prevent from happening. Yet, pre-disaster mitigation is also often doomed. We wish we would have done more when it's too late. So, the message of administrations like the one Nick represents today is one to be heard, especially when there's no flood on the horizon, and we're all deeply convinced it will never happen to us. I'll leave the floor to Nick to quickly take us through the topic in just a second; the time for me to remind you that if you like what you hear, you can help me tremendously by sharing that episode around you.  Please tell your friends, colleagues, or LinkedIn network what they should take home from the nuggets Nick shares today, and if you don't like what you hear, please reach out to me and tell me what I should be doing differently or better. Come on, do it, and I'll meet you on the other side.  Pre-Disaster Mitigation Needs to Quickly Ramp  Up in the US. Will it?

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With Hurricane Ian sweeping through the southeastern United States, relief efforts are needed, and Beasley Media Group is supporting the Red Cross Disaster Relief in its mission to support those affected by the hurricane.The Preston & Steve Show took time to spotlight the Red Cross Disaster Relief. We heard stories from different listeners, several of whom found themselves and their loves deeply impacted by Hurricane Ian. Listener Rich and his family live in Fort Myers and suffered greatly, unfortunately losing everything in their home to four to five feet of water. Listener Allie's parents were in the eye of the hurricane for over twelve hours, taking shelter in a closet in their home.We also got to hear from a long-time listener, Mark, who told us that getting flood insurance in the state of Florida is nearly impossible. He informed us of terrible clauses in policies like having to have your roof blown off to qualify. Mark has been listening to WMMR since 1971, and he appreciates everything the station has done since, including it and Beasley Media Group's support of the Red Cross Disaster Relief.Steve Wilson, a friend of the show and the head honcho of Wilson's Secret Sauce, checked in as well. He and the folks at Wilson's Secret Sauce have been delivering food and supplies to those in the southeast as part of the relief effort. Steve likes to run his business with a community-oriented mindset, and he says that supporting the relief effort is a major part of that.Listener Chris, an insurance agent, called in with information about what can and can not get covered during times like this. Flooding insurance is a slippery slope overall, but he encourages people to look towards the National Flood Insurance Program (NFIP) for details. Any and all donations can provide supplies, meals, shelter, and more to those affected by Hurricane Ian. Visit wmmr.com to donate.You can also text the word REDCROSS to 90999 to make a $10 donation. We thank you, the listeners of The Preston & Steve Show, for joining us in supporting this important work.

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   The RIMS Legislative Summit is coming up on Sept. 20‒22nd in Washington, D.C. RIMS has several legislative priorities on its agenda for the two-day event that will be in person on Capitol Hill!   Rejoining RIMScast today is RIMS External Affairs Committee Chair, Lynn Haley Pilarski, to provide an overview of RIMS' priorities and tell RIMS members why they should seize this opportunity to meet with their members of Congress live and in person!   Tune in to learn all about RIMS legislative priorities in 2022 and other initiatives coming up at the RIMS Legislative Summit 2022!   Key Takeaways: [:01] About the RIMS Membership. [:14] About RIMScast. [:27] About today's episode. [:41] Upcoming RIMS webinars, workshops, events, and more! [2:17] More about today's episode with Lynn Haley Pilarski. [2:50] Justin welcomes Lynn Haley Pilarski back to RIMScast! [4:02] What the RIMS Legislative Summit is. [5:28] Why RIMS Legislative Summit 2022 stands out this year. [6:51] About RIMS Legislative Summit's working agenda. [12:00] The value of attending the RIMS Legislative Summit. [15:10] RIMS plug time! All about upcoming events, webinars, and more! [17:15] Lynn highlights some of the high-level points about the National Flood Insurance Program (NFIP) that RIMS is working on and explains what the best possible outcomes would be. [20:16] Lynn shares high-level points about the Pandemic Risk Insurance Act (PRIA) and what RIMS is trying to accomplish regarding it. [23:22] Lynn explains what the ADPPA is and why it is one of RIMS' legislative priorities in 2022. [26:19] Why the Three Corners Bill should actually be called the Four Corners Bill. [27:30] Lynn's parting words of encouragement to join the RIMS Legislative Summit! [28:38] Justin thanks Lynn for joining the podcast and shares some of the links to check in today's show notes.   Mentioned in this Episode: RIMS Events, Education, and Services: RIMS Legislative Summit 2022 — Sept. 20‒22nd in Washington, D.C. RIMS Advocacy RISKPAC NEW FOR MEMBERS! RIMS Mobile App RIMS Buyers Guide Contribute to RIMS Risk Management magazine Dan Kugler Risk Manager on Campus Grant Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information. In-Person Events: RIMS Events App Apple | Google Play RIMS Canada 2022 — Turning Tides — Sept. 11th‒14th in Halifax! Register Today! RIMS ERM Conference 2022 — November 10‒11, 2022 | Indianapolis, IN — Agenda Now Live! RIMS Western Regional — Oct. 3‒5, 2022 — Long Beach, CA Spencer Educational Foundation | Annual Gala Returns Sept. 22, 2022 Virtual Workshops: RIMS South Asia Risk Forum — Dec. 2‒3, 2022 in Mumbai, India See the full calendar of RIMS Virtual Workshops Upcoming RIMS Webinars: “Supply Chain Risk Management for Product Manufacturers: Production Risk Management in the Post-COVID Environment” | Presented by the RIMS International Council | Sept. 7, 2022 “Coverage Conversation: Economic Outlook and the P/C Marketplace” | Sponsored by Gallagher CORE 360 Insights | Sept. 8, 2022 “Reduce Your Risk of Electrical Fires” | Sponsored by TÜV SÜD Global Risk Consultants | Sept. 15, 2022 Inflation in Sight – Asia: Impact on People, Pay and Risk | Presented by WTW and RIMS | Sept. 22, 2022 Sponsored RIMScast Episodes: “Aon's 2022 Atlantic Hurricane Season Overview” (NEW) “ESG Through the Risk Lens” | Sponsored by Riskonnect “A Look at the Cyber Insurance Market” | Sponsored by AXA XL “How to Reduce Lithium-Ion Battery Fire Risks” | Sponsored by TÜV SÜD “Managing Global Geopolitical Risk in 2022 and Beyond” | Sponsored by AXA XL “Keeping Subcontractors Safe Through Partner Elevation” | Sponsored by Highwire “ESG: A Responsibility and a Growing Megatrend” | Sponsored by Prudent Insurance Brokers Ltd. “Focusing on Your Team to Deliver Exceptional Quality and Service to Your Clients” | Sponsored by Gallagher Bassett “Bermuda Opportunities in 2022 with BDA Chair Stephen Weinstein” | Sponsored by Bermuda Business Development Agency “SyncR: A Tool to Enhance Your Risk Quality & Insurance Strategy” | Sponsored by Prudent Insurance Brokers Ltd. “Navigating the Risk Landscape in 2022” | Sponsored by AXA XL “Prioritizing People: Expertise and Innovation” | Sponsored by Gallagher Bassett “Risk Findings for the Industrial & Manufacturing Industry” | Sponsored by Aon “Establishing the Right Assurance to Request From Business Partners” | Sponsored by HITRUST “Aon's 2021 Retail Industry Overview” | Sponsored by Aon “A Legacy of Resilience” | Sponsored by J.B. Boda Group “The Golden Era of Insurance” | Sponsored by The Hartford “Insurance Investigation Trends Happening Now” | Sponsored by Travelers “What Could a CRO Do for Your Business?” | Sponsored by Riskonnect “Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL “Property Valuation Deep Dive” | Sponsored by TÜV SÜD “Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers Related RIMScast Episodes: “Keeping Up With RISKPAC in 2022 with Greg McKenna” “RIMS General Counsel Mark Prysock on the RIMS Legislative Summit 2022” “Risk and Compliance Tips for Importers and Exporters in 2022” “RIMS Advocacy Update 2022 with Lynn Haley Pilarski” “Introducing RIMS CEO Gary LaBranche” RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops Upcoming RIMS Webinars On-Demand Webinars RIMS Advisory Services — Ask a Peer Risk Management Magazine Risk Management Monitor RIMS Coronavirus Information Center RIMS Risk Leaders Series RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS-CRMP Stories — New interview featuring RIMS-CRMP Chairman Ward Ching! Spencer Educational Foundation RIMS DEI Council RIMS Path to the Boardroom   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   Follow up with Our Guest: Lynn Haley Pilarski's LinkedIn   Tweetables (For Social Media Use):   “The [RIMS] Legislative Summit is probably the best personal and professional experience that you can have as a risk manager.” — Lynn Haley Pilarski   “[At the RIMS Legislative Summit] you are going to learn all of the issues that are important to RIMS and that we're going to be lobbying on, … each of the legislations … that we are focusing on, and … how to talk about these issues. ” — Lynn Haley Pilarski   “I encourage everyone to attend [the RIMS Legislative Summit] because — I'm telling you — there's no better feeling than after that day [feeling more confident].” — Lynn Haley Pilarski   “I really encourage everyone to join us [at the RIMS Legislative Summit]. It's two days … but it is so rewarding. I promise, … you will not be disappointed with the opportunities … you are going to be given as a RIMS member to lobby in Washington, D.C.” — Lynn Haley Pilarski  

Introduction of Jeffrey Jackson the Deputy Assistant Administrator for the Federal Insurance Directorate within the Federal Insurance and Mitigation Administration (FIMA) at FEMA the Federal Emergency Management Agency (FEMA). Mr. Jackson leads flood insurance operations for the National Flood Insurance Program (NFIP) at FEMA. :52 FEMA's top priority is education1:05 Everyone is at risk of flooding. Flood is the most common natural disaster in America1:15 98% of counties in America flooded to some degree last year. Where it rains, it can flood.1:32 updating the way we price insurance, rate insurance policies1:42 Last year, insurance policies changed for the first time in the history of the program based on the individual risk of your property2:10 Houston is a prime example of climate change3:10 First-time buyers need to learn about the community and where the property of interest sits within the neighborhood3:48 Your homeowner's insurance does not always include flood -call your insurance agent to learn about flood insurance4:30 Based on the characteristics of the home, how likely your property is to flood, giving homeowners transparency of their risk5:03 FEMA would love for everyone to have flood insurance. Every home is at risk of flood6:20 If you don't have flood insurance, borrowing funds or home equity loans is the option6:57 Mitigation, there are things to do to lower your risk7:39 Kentucky-heartbreaking to see what flooding has done to communities 1-2% of the residents had flood insurance8:41 Insurance puts you on a better trajectory for recovery8:55 After a disaster, one in four small businesses never comes back9:20 FEMA affordability program working with Congress so they can consider passing affordability legislation10:21 Victoria shares a story about looking at a property in Riverdale Maryland11:08 What do the letters on the FEMA Map mean?11:19 V zones are coastal high risk A zones are river and high risk but you can't just look at a map and make an informed decision12:00 40% of all FEMA claims come from outside the high-risk area12:35 the FEMA maps are a snapshot in time12:47 If you're close to a high-risk zone, chances are you will be at risk even if the rating is X or considered low risk for flooding13:35 Home buyers, look at the FEMA map to see the flood rating of the property of interest. Also, contact an insurance agent to understand the real risk (if you are next to a high-risk area)14:00 Encourage informed buyers! There is much to learn but the flood risk of a property should be on the list15:30 How to move ahead if you want to purchase a home in a high-risk flood area15:54 Floodsmart.gov is the place to start learning about flood insurance and mitigation16:30 Elevating a home can make a difference17:02 Before you purchase a home, gather all the information available to make an informed decision18:01 Know your risk before you buy and have a plan in place for flood loss19:36 Be wary of people who want you to look past information regarding flood20:15 FEMA sees how much climate change is impacting our country21:00 Not just rivers and coast, flood risk is impacted by rain, mudslides and the more development the flood risk goes up21:30 We need to up our IQ on flood risk22:45 Flood insurance policies issued by the National Flood Insurance programs23:21 The higher the price, the more at risk you are of flood23:30 Low-risk properties flood every single dayFEMA links for more informationFlood Insurance | FEMA.govFEMA Flood Map Service Center | Welcome!FloodSmart | Welcome to the NFIP | FloodSmartFloodSmart | Why Buy Flood Insurance?FloodSmart | How Are Flood Insurance Rates Determined?FloodSmart | Flood Preparation and What To Do After A Flood

Flooding continues to be the most expensive and the most common natural disaster in the United States, resulting in billions in economic losses every year. According to the National Flood Insurance Program (NFIP), 90% percent of all U.S. natural disasters involve flooding.In October 2021, the NFIP implemented its Risk Rating 2.0 program, one of the most significant changes from a rate modeling and underwriting standpoint in more than 50 years. In the past, FEMA flood zones and rates were much more generalized. However, the NFIP is striving to implement advanced technology and geocoding to more accurately rate flood risks. While these changes are vital to keeping the NFIP afloat, significant premium increases are coming because many policies have been severely underpriced for years. As the NFIP continues to evolve, retail agents face a prime opportunity to protect clients against the economic impact of flood damage with private insurance options.Featuring:Ben Tschepikow is a Broker with Argenia, a CRC Group Company located in Little Rock, AR, and is a member of the Personal Lines Practice Advisory Committee.Youtube | Tools & Intel | LinkedInJoin #TeamCRC, email resumes@crcgroup.com

EELP Legal Fellow Hannah Perls speaks with Joel Scata, a Water and Climate Attorney at the Natural Resources Defense Council, where he works on clean water and climate change adaptation policy solutions. They discuss the ins and outs of the National Flood Insurance Program (NFIP), which, for the past fifty years, has helped define floodplain development by issuing federally-backed flood insurance policies to property owners and renters, and setting baseline building, land use and floodplain management criteria. However, many argue the program has failed, accumulating billions of dollars in debt and subsidizing risky development. In this episode, Joel and Hannah review the program's history, the Federal Emergency Management Agency's (FEMA) latest reforms including Risk Rating 2.0, and what challenges remain if the NFIP is to help communities adapt to a climate changed world. For more information on this discussion you can see (links below) NRDC's Climate Adaptation page, NRDC's & ASFPM's Petition for FEMA to update its NFIP Rules (Jan. 8, 2021), and NRDC's Comments responding to FEMA's Request for Information on the NFIP (Jan. 27, 2022). https://www.nrdc.org/issues/climate-adaptation https://www.nrdc.org/resources/nrdc-asfpm-petition https://www.nrdc.org/sites/default/files/comments-nfip-floodplain-mgmt-standards-20220127.pdf To learn more about FEMA's authority to integrate equity considerations into its programs, see EELP's Report on Equitable Disaster Relief. https://eelp.law.harvard.edu/2021/10/equitable-disaster-relief/ Click here for a transcript of this episode http://eelp.law.harvard.edu/wp-content/uploads/Hannah-and-Joel-Scata-transcript.pdf CleanLaw Production Team: Robin Just, Andy Dolph, and Sara Levy

SCR CEO Nick Kremydas sits down with Lisa Sharrard to discuss FEMA's new Risk Rating 2.0 for the National Flood Insurance Program (NFIP) and how it will affect premiums on properties with flood insurance. Links: Choice Flood Insurance - https://simplyflood.com/ FEMA NFIP - https://www.fema.gov/flood-insurance

  When was the last time you had someone review your insurance policy? Are you confident that you'd be covered for the full value of your property should a disaster strike? How concerned should you be about flood insurance? Here to address some common questions about homeowners insurance and much more is my good friend and guest, Matt Dzubin.  Matt has over 20 years of experience in the insurance industry and currently works as a Sales Executive at Roland Dumont Agency in South Windsor, Connecticut. Pay close attention, Matt has some valuable insights that you don't want to miss!  You will want to hear this episode if you are interested in... Learning about property insurance [1:30] Adjusting for inflation and making sure you are completely covered [4:00]  Understanding who needs flood insurance [7:00]  What is covered under most homeowners policies [10:45] Closing thoughts [16:00] Why you need a fresh review of your insurance policies  It is a good idea for all homeowners to review their policy at least on an annual basis. While you might not make it an annual habit, don't let your insurance policy go too long without getting a fresh set of eyes! Remember, your insurance policy dictates the type of coverage and benefits that you will receive if a loss or claim should happen.  Over the years, you've likely invested in your property and improved it in significant and meaningful ways. It would be almost impossible for many homeowners to try to build back from a disaster if they were only covered for the value of their home at the time they set up their insurance policy! Don't let that disaster scenario happen to you - tune into this episode to learn more about getting the right homeowner's insurance policy.  Do you really need flood insurance?  More than 1 million homes and businesses in Louisiana and Mississippi — including all of New Orleans — were left without power as hurricane Ida, one of the most powerful hurricanes ever to hit the U.S. mainland, pushed through on Sunday, August 29th, 2021.  With this massive weather event occupying the headlines, many people around the county find themselves wondering if they need flood insurance where they live. Has that thought crossed your mind? Do you live in an area that deals with occasional flooding?  The National Flood Insurance Program (NFIP) is managed by the Federal Emergency Management Agency and is delivered to the public by a network of approximately 60 insurance companies and the NFIP Direct. Flood insurance is available to anyone living in one of the 23,000 participating NFIP communities. Homes and businesses in high-risk flood areas with mortgages from government-backed lenders are required to have flood insurance. To hear Matt expand on the topic of flood insurance and so much more, make sure to listen to this episode!  Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact

Steve Casey and Matt Gramza, two of CEC's water resource experts, discuss FEMA's National Flood Insurance Program (NFIP), some of the technical aspects of flood insurance studies, and the implications of local floodplain requirements. Listen to hear how floodplains are calculated and how they affect you. For more information, you can visit: https://www.fema.gov/flood-insurance, https://www.fema.gov/press-release/20210401/fema-updates-its-flood-insurance-rating-methodology-deliver-more-equitableand National Flood Insurance Program Now Factors in Climate Change - Videos from The Weather Channel | weather.com

This episode features Jim Albert, Chairman & Co-Founder, Neptune Flood Guest Bio Jim Albert founded the insurtech startup Neptune Flood in 2016 based on a business model leveraging artificial intelligence and data analytics to make it easy to buy flood insurance.  Neptune, with business in 48 states and over 60,000 policies, is the fastest growing private flood insurer in the US. Prior to forming Neptune, he was CIO at a US insurer, ran a group of technology businesses in the UK, and led the consulting firm Idea Integration. Jim holds a degree in Electrical Engineering from Vanderbilt University, and received additional education at Wharton, INSEAD, and Cornell. Highlights from the Show Neptune was founded in 2016 by Jim Albert and Bill Martin to make it easy to buy flood insurance There are about 5.5 million insured homes for flood risk, but about 60 million homes actually at risk, so this is a currently-small market that isn't protecting enough of the people at risk The average loss in Hurricane Harvey was $117k, and 80% of the homes did not have insurance for the water damage Using advanced analytics based on third party data presented a real opportunity to do better underwriting faster, with less effort on the part of the customer The dominant player in the space is the US government, with the National Flood Insurance Program (NFIP), which takes weeks to get coverage in place at high cost with limited coverage Neptune asks three questions (vs. 54 from NFIP), and can provide a bindable quote in 45 seconds (down from the 2 minutes they started with, so it's getting faster and easier) Rather than cutting the insights they get by asking few questions, they stopped asking things they knew or could know from a verifiable third party, so their accuracy is higher than if they asked for the data, and get more data than they could ask for from 150 external data sources Digital insurance was very new when Neptune was setting up, so it was tough to find capacity willing to back an MGA without an underwriter, but Neptune found support at Lloyd's, and found that regulators are starting to recognize the benefit to consumers from model-based underwriting Neptune just launched their Commercial offering on a direct basis, on top of their residential product through multiple channels (agents, brokers, other carriers, direct, partners like realtors and mortgage brokers) Neptune seeks to be present in the transaction where you think about needing insurance, like buying your home, rather than having to sell it to you when you aren't thinking about it Themes in the industry going forward Advice for startups What Jim is most proud of is being able to expand the market to protect more people than were being protected from flood in the past This episode is brought to you by Medallia (Medallia.com), and the book series, The Future of Insurance: From Disruption to Evolution, by Bryan Falchuk (future-of-insurance.com). Follow the podcast at future-of-insurance.com for more details and full show notes. Music courtesy of UPbeat Music, available to stream on Spotify, Apple Music, Amazon Music and Google Play. Just search for "UPbeat Music".

With Spring in the air, it is almost flood season here in New England. In this episode you will meet Jennifer Ewers, Business Development Specialist, from our Florence office.  We dig into what Flood Insurance is and how the National Flood Insurance Program (NFIP) started in 1968. Learn if you need a flood policy and how established flood zones determine what you will be paying. We also discuss the available coverage limits from NFIP, the introduction of private insurance companies and when banks require flood insurance. Hear what an Elevation Certificate is and how it can help save some money on the price for the policy. If you need a quote or have questions about Flood Polices please reach out to Jen or anyone on the Finck & Perras Team! Find Finck & Perras on our social media platforms:FacebookTwitterInstagramGet a quote! 

National Flood Insurance Program https://zalma.com/blog Since floods are risks of loss seldom covered by typical property insurance policies, the U.S. Congress stepped in and created the National Flood Insurance Program, which is a separate flood insurance policy necessary to protect against the risk of loss by flood. The National Flood Insurance Act of 1968 created the National Flood Insurance Program (“NFIP”) to provide affordable flood insurance on fair terms. Spong v. Fidelity Nat'l Prop. & Cas. Ins. Co., 787 F.3d 296, 304 (5th Cir.2015). FEMA is the federal agency that implements the National Flood Insurance Program (“NFIP”), a federal program that enables property owners in participating communities to purchase insurance protection, administered by the government, against losses from flooding. In order to participate in the NFIP, communities are required to adopt and enforce floodplain management ordinances to reduce future flood damage. Through this program FEMA has created maps, known as FIRMs, which delineate the boundaries within a community of flood hazard areas. The FIRMs are divided into insurance risk zones according to the likelihood of a flood occurring within a particular region. The federal treasury ultimately makes payments on flood insurance claims. (Gowland v. Aetna, 143 F.3d 951, 954 (5th Cir.1998)). The flood insurance claim process requires the insured to notify the insurer of the loss and submit a complete signed and sworn proof of loss setting out the nature, cause, and value of the loss. Failure to comply with the letter of the law and the flood insurance policy deprives the insured of the right to receive indemnity to recover from flood damage. --- Support this podcast: https://anchor.fm/barry-zalma/support

Rapid advances in data-driven technology and a precipitous rise in catastrophic flood events in the US presented an opportunity for this InsureTech startup There are 62 Million homes at moderate or extreme risk of flooding in the US, according to insurance risk assessment firm Verisk. Homeowners insurance does not typically cover flood damage and up to 50% of homes in high-risk areas have no flood insurance at all. This amounts to a serious problem, argues the founder of InsureTech startup Neptune Flood Insurance Jim Albert in this week's episode of the Business of Data Podcast. In the past, most flood insurance in the US was provided by the National Flood Insurance Program (NFIP). Now, powered by innovative technologies, nimble insurgent companies are shaking up the status quo. “The NFIP has done an exceptional job over the years, but as with most government programs, technology has started to outstrip what has happened within the flood space,” says Albert. “And so, what I tried to create with Neptune when I founded it in 2016 was an ‘Amazon-like' buying experience in flood insurance.” “You can get one-click buying for virtually everything else you do in life,” he continues. “So, we tried to make it easy to buy flood insurance in the US through the use of data analytics and a really simple online quoting platform.” The game-changing, automated approach championed by Neptune Flood Insurance was not without its skeptics. In 2016 when the company was founded, the idea of digital insurance was even more revolutionary than it is today. “There was a lot of skepticism about digital insurance [back then]. Could a digital model actually replace the traditional back room full of underwriters?” Albert recalls. “[Especially] when I explained that we don't have any underwriters. In fact, the underwriter is the computer.” What sets Neptune Flood Insurance apart from its competition is the speed that customers can get a quote and buy their flood insurance online. We've proved in the model at this point,” Albert says. “We pull in about a hundred different data elements in one second when you enter the address, and we do the full evaluation right then and there. The application of this technology could not be timelier. Not only are flood events likely to occur more often in the US, but due to the pandemic no-one wants to have an inspector in their home, nor to wait weeks for an estimate. Do [customers] want to sign on to a days or weeks-long slog to finally get the information that they need?” Albert concludes. “Or [do they] want to go to one site that has seemingly all the information with a really good price and great coverage options? That's what we see happening.” Key Takeaways Many homes at high risk of flooding in the US are uninsured. A lack of awareness of the risks is one cause, but catastrophic damage can take years to recover from Data has paved the way for a better solution. By pulling together data from a multitude of sources, Neptune Flood Insurance can provide a policy in seconds Hyper-personalization is on the way. Other types of insurance companies will soon take advantage of advanced, data-driven technology to provide highly personalized policies to their customers

On this episode of FNO: InsureTech we are joined by Jim Albert, Chairman & Co-Founder of Neptune Flood Insurance. Neptune Flood Insurance is an insuretech provider of flood insurance to the private market in the United States. Flood insurance can be very complex and difficult to take on. Traditionally you hear of the National Flood Insurance Program (NFIP) and what they entail and provide; but, our guest offers a more modern, smarter, easier, and efficient alternative. Rob and Lee had the opportunity to talk with Jim and dive into flood insurance. Join Jim, Rob, & Lee as they discuss: how Neptune Flood Insurance leverages insuretech in their services; a brief history of the NFIP, Jim’s personal story and what led him to start Neptune Flood Insurance; Rob’s experience with flood insurance, and much more.

  FEMA URGES RESIDENTS TO PREPARE FOR UPCOMING PEAK HURRICANE SEASON  FLOOD INSURANCE POLICIES TYPICALLY TAKE 30 DAYS TO GO INTO EFFECT;  DON’T WAIT UNTIL DISASTER STRIKES TO LEARN THAT YOU’RE NOT COVERED    David Maurstad Senior Executive of the National Flood Insurance Program (NFIP)   This year, the National Oceanic and Atmospheric Administration (NOAA) predicts an above average Atlantic Hurricane Season with 6-10 hurricanes, including 3-6 major storms (Category 3 or higher). FEMA and its […]

Episode 24 – National Flood Insurance In this episode, we Cynthia DiVincenti (@CynthiaDiVince1), head of government relations at National Flood Services (@NationalFlood). In this episode we talk about the public private partnerships that facilitates flood insurance in the United States, the current state of the National Flood Insurance Program (NFIP) and what the future may hold with the potential for reform on the horizon. National Flood Services: https://nationalfloodservices.com/ Theme Music is Chicky & Chacky by KieLoBot (https://freemusicarchive.org/music/KieLoBot/Chicky__Chacky/Chicky_Chacky_KMT_01). Transition music is Hippie Bulle Mushroom Funghi (KM+ T 04) by KieLoBot (https://freemusicarchive.org/music/KieLoBot/Chicky__Chacky/Hippie_Bulle_Mushroom_Funghi_KM_T_04).

Two hundred Mexico Beach, Florida homes sitting beach block from the Gulf of Mexico, yet labeled X-Zone, FEMA's lowest risk for flooding, were nearly wiped out by 2018's Hurricane Michael.  Many of those residents had no flood insurance, complicating which damage from the Category 5 storm may or may not be covered by their homeowners insurance.In fact, 80% of flood losses in the Florida Panhandle were uninsured.  Yet, there's just a trickle of greater demand for flood insurance post-storm.   Mexico Beach is fighting back with a tough new ordinance to counter the complacency created in residents by FEMA's inaccurate and outdated maps. Host Lisa Miller, a former deputy insurance commissioner, talks with two residents and an insurance agent about the impact of the new ordinance and how agents could be doing more to promote increasingly affordable flood coverage to their clients.Show NotesFEMA flood maps for Mexico Beach were last revised in 2009 but were based on a maximum storm surge of 10 feet.  Hurricane Michael produced a 15.5 foot storm surge plus 5-foot waves topping the surge, when it made landfall there on October 10, 2018.  The maps are used to identify which properties must have flood insurance to meet federal mortgage requirements and to set rates for those policies.Only one-third of Bay County, home to Mexico Beach and some of the worst damage in the 13-county impact zone, had National Flood Insurance Program (NFIP) policies.   Dina Bautista didn't have flood insurance, but was one of the lucky ones.  Her Mexico Beach home was built on 12-foot pilings, the only one in her neighborhood.  “Every neighbor had water up to their roof,” she said.Yet despite the devastation, few Bay County residents have learned the lesson from Michael.  “I get the speech of ‘I've been in this house fifty years and never flooded' quite a bit,” said Trey Hutt, owner of Hutt Insurance Agency in nearby Panama City.  “What these mostly elderly people don't get is that in those intervening 50 years, we've poured a lot of asphalt and concrete all around them, and that water is going somewhere.  And every neighbor is now building higher than that original home, and water always runs downhill.”Melissa Poage became concerned walking around her Valrico, Florida neighborhood after a recent hard rainstorm and noticing a waterline almost up to front doorsteps.  She said her insurance agent had never discussed purchasing flood insurance with her.  Her entire neighborhood is in an X-Zone, defined as being at risk of a 1 in 500 year flood event, which equates to a 0.2% chance every year of being flooded.  “So I bought flood insurance and it was very reasonably priced, it's not expensive,” she said. Hutt, a 25 year insurance veteran, said people don't understand the true meaning of an X-Zone.“In our agency over the years, we've paid an awful lot more flood claims in X-Zones than we have in other zones.  An X-Zone does not equal ‘we will not flood', it just means it's less likely to flood than a Special Flood Hazard Area,” he said.Since Hurricane Opal in 1995, Hutt said his agency has aggressively offered flood policies with homeowners policies (which don't cover most flood damage).   Those customers who choose not to purchase it have to sign a form acknowledging that.  “A flood rejection form has become a part of a lot of agencies' tool kits,” he said.Both Hutt and Poage agree that it should be mandatory for insurance agents to “make the call” and offer customers flood insurance.  “I'm in favor of putting pressure on fellow agents to not only recommend flood insurance but we need to be able to prove that we've recommended it to a client, otherwise we might face legal action after a big storm such as Michael,” Hutt said.Bautista is an engineer with Dewberry Engineering and along with being a resident herself, serves as the consulting engineer for the city of Mexico Beach.  Within weeks after surveying Michael's devastation from both the 160 mph winds and 20.6 foot peak water level, city officials adopted a tough new floodplain ordinance that goes above and beyond FEMA flood maps. The ordinance affects rebuilding of homes that suffered substantial damage (greater than 50% structural damage) from Michael and all new construction:   Incorporated a preliminary draft of a new flood map that FEMA had been developing before Michael, even though the map itself is not yet in effect; Incorporated the map's shaded X-Zones as part of the city's more restrictive Special Hazard Flood Area with regard to construction standards; and Required all such rebuilding and new construction of properties in Zones A, AE, and shaded X, to raise their finished floor 18 inches above FEMA's 1 in 500 year flood event elevation. “We're trying to pick up the insurance gap and protect the residents,” Bautista explained.  “Most of them may not buy or be required to buy flood insurance in the zone they're in, but through our ordinance and the actual construction, we're trying to minimize their risk for future damage.”While such building code changes are not occurring in the rest of Bay County, Hutt said more private flood insurance companies are selling coverage alongside or in competition with the NFIP.  Florida's private market has been steadily growing with the number of companies more than doubling in the past two years.“We're finding these products are based on better data.  They're often less expensive and they are almost always better coverage,” Hutt said.  “The long-term solution is to get flood insurance priced more accurately.   Since it's been driven by political forces more than profitability, NFIP rates are artificially suppressed, and what that does is just encourage people to borrow money and build homes where they frankly might not or should be doing,” he said.The podcast discussion also included the potential for Increased Cost of Compliance (ICC) insurance coverage or FEMA hazard mitigation grants to help homeowners pay for construction required in tougher building ordinances, such as those in Mexico Beach.  Private insurance companies offering both homeowners, wind, and flood coverage on the same policy would also simplify the process.Host Lisa Miller, a former deputy insurance commissioner, commended Mexico Beach officials for their leadership in building greater resiliency into the city's recovery.  “You're completely revolutionizing the new construction and rebuilding of the area in an attempt to withstand Mother Nature the next time.  That's very smart and helpful,” Miller said.Links and Resources Mentioned in this EpisodeDefinitions of FEMA Flood Zone Designations Majority of Michael Flood Victims Uninsured (LMA Newsletter of July 29, 2019)www.dewberry.comwww.huttinsurance.comPrivate Flood Insurance & Resilience (from Lisa Miller & Associates)Flood Follies (The Florida Insurance Roundup podcast, episode 16, December 16, 2018)Coastal communities should exercise caution in using FEMA Flood Maps as the primary indicator of coastal risk (by Dr. Rob Young, Director, Program for the Study of Developed Shorelines at Western Carolina University, and guest on the Flood Follies podcast)** The Listener Call-In Line for your recorded questions and comments to air in future episodes is 850-388-8002 or you may send email to LisaMiller@LisaMillerAssociates.com **The Florida Insurance Roundup from Lisa Miller & Associates, brings you the latest developments in Property & Casualty, Healthcare, Workers' Compensation, and Surplus Lines insurance from around the Sunshine State.  Based in the state capital of Tallahassee, Lisa Miller & Associates provides its clients with focused, intelligent, and cost conscious solutions to their business development, government consulting, and public relations needs.  On the web at www.LisaMillerAssociates.com or call 850-222-1041.  Your questions, comments, and suggestions are welcome!  Date of Recording 10/29/19. Email via info@LisaMillerAssociates.com   Composer: www.TeleDirections.com  © Copyright 2017-2019 Lisa Miller & Associates, All Rights Reserved

In the inaugural episode of the rebooted podcast from the Livingston Parish News, Publisher McHugh David dissects a letter sent by the Federal Emergency Management Agency (FEMA) to Livingston Parish and the implications it could have on the parish's continued participation in the National Flood Insurance Program (NFIP).

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Today’s guest is one of Justin’s favorite guests (and co-workers), Whitney Craig — Director of Government Relations at RIMS! In this episode, Whitney will be speaking on RIMScast about what’s going on with the National Flood Insurance Program (NFIP), the Terrorism Risk Insurance Act, and several other important items that are on the minds of RIMS members! Whitney also gives some sneak previous of what she will be discussing at upcoming conferences as well as some of the topics and special guests that will be appearing at the RIMS Legislative Summit!   Key Takeaways: [:15] About today’s episode with Whitney Craig. [:43] About upcoming RIMS events. [1:33] Whitney Craig updates us all on what’s going on with the NFIP today (June 4th, 2019). [3:02] Some of the issues Whitney is working on right now with regards to TRIA. [5:39] Whitney highlights some of the key differences of this year’s Legislative Summit with previous years and some of the special guests they have in mind. [11:07] Whitney gives a previous of what one of the confirmed speakers at the 2019 RIMS Legislative Summit, Dr. Daniel Kaniewki (Deputy Administrator of FEMA Resilience), will be speaking about. [12:25] Whitney gives a quick previous of what another guest speaker at the Legislative Summit will be discussing. [12:59] Justin highlights some upcoming events Whitney will be attending and speaking at. [13:18] Whitney gives a preview of what she will be discussing at two upcoming conferences she will be speaking at. [13:37] If you want to extend the conversation further with Whitney and you want to be more active in RIMS Advocacy, you can join her at the RIMS Legislative Summit! [13:48] With this new Congress, is Whitney finding that there are some new faces in Congress that RIMS can collaborate with? [15:01] Justin thanks Whitney for joining him this episode!   Mentioned in this Episode: RIMS Advocacy RIMS NeXtGen Forum: June 14th, 2019 in New York City (Use the discount code NEXTCAST10 to receive 10% off registration!) RIMS ERM Conference 2019: Nov. 4th–5th in New Orleans RIMS Legislative Summit: Oct. 16th–17th in Washington, DC Upcoming RIMS Events RM Magazine Risk Management Monitor RIMS Membership — Discover why 10,000 of your peers from more than 60 countries are part of the RIMS community! National Flood Insurance Program RIMS Legislative Summit 2018 “Round-up” Custom Publication Risk Management Monitor — 2018 Legislative Summit Coverage RIMScast Episode: “Whitney Craig on NFIP, TRIA, and 116th Congress Predictions” RIMScast Episode: “RIMScast Live at RIMS Legislative Summit (2018) with Whitney Craig and Barry Dillard” The 44th Annual RIMS Educational Conference: July 30th–August 3rd in Naples, Florida 2019 RIMS Western Regional Conference: Sept. 9th–11th in Las Vegas, NV RIMS RISK PAC   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and join the RIMS Group on LinkedIn.   Follow up with Our Guest: Whitney Craig’s LinkedIn Whitney Craig’s RIMS Community Profile Email: WCraig@RIMS.org  

Please RSVP to expedite check-in A live webcast will be streamed at 2:00 PM EDT at www.eesi.org/livecast (wireless connection permitting) The Environmental and Energy Study Institute (EESI) invites you to a briefing on the National Flood Insurance Program (NFIP). Established by Congress in 1968, NFIP provides affordable, government-administered flood insurance to property owners, renters, and businesses. However, the NFIP is more than just an insurance program, it is also intended to be a floodplain management and flood risk mitigation program. NFIP requires participating communities to adopt and enforce minimum construction and land use regulations that make them less vulnerable to flooding. With over 5 million flood insurance policies in force, the NFIP is the single largest source of flood insurance for homeowners and small businesses. As flood risks grow around the nation, this is an important time for Congress to reform and update this vital 50-year old program to better protect people and property. Without appropriate action, a warming climate coupled with continued development in flood-prone areas will raise the human and economic toll of flood disasters while taxpayer dollars are squandered on risky, business-as-usual practices. The NFIP has reached an important crossroads. After ten temporary extensions since 2017, the NFIP is set to expire on May 31. The program is popular, but it is more than $20 billion in debt, despite the cancellation of $16 billion in debt by Congress in October 2017. Flooding is the most pervasive and costly natural disaster in the United States, and climate change is exacerbating extreme weather events. Warmer temperatures lead to more water evaporation, which makes downpours more frequent and intense, leading to more flooding. Since the 1980s, the U.S. has experienced a $100 billion increase in total flood losses each decade; however, NFIP losses did not show a significant increase until the 2005 hurricane season. Fast-paced, inadequately regulated development in areas prone to flooding is also a major cause of such rising expenses. This briefing will provide a basic understanding of the National Flood Insurance Program, its history, its challenges, and reforms needed. The panel will provide important background and highlight new strategies for improving NFIP's financial stability and for reducing the impacts of future floods on vulnerable populations and communities.

Please RSVP to expedite check-in A live webcast will be streamed at 2:00 PM EDT at www.eesi.org/livecast (wireless connection permitting) The Environmental and Energy Study Institute (EESI) invites you to a briefing on the National Flood Insurance Program (NFIP). Established by Congress in 1968, NFIP provides affordable, government-administered flood insurance to property owners, renters, and businesses. However, the NFIP is more than just an insurance program, it is also intended to be a floodplain management and flood risk mitigation program. NFIP requires participating communities to adopt and enforce minimum construction and land use regulations that make them less vulnerable to flooding. With over 5 million flood insurance policies in force, the NFIP is the single largest source of flood insurance for homeowners and small businesses. As flood risks grow around the nation, this is an important time for Congress to reform and update this vital 50-year old program to better protect people and property. Without appropriate action, a warming climate coupled with continued development in flood-prone areas will raise the human and economic toll of flood disasters while taxpayer dollars are squandered on risky, business-as-usual practices. The NFIP has reached an important crossroads. After ten temporary extensions since 2017, the NFIP is set to expire on May 31. The program is popular, but it is more than $20 billion in debt, despite the cancellation of $16 billion in debt by Congress in October 2017. Flooding is the most pervasive and costly natural disaster in the United States, and climate change is exacerbating extreme weather events. Warmer temperatures lead to more water evaporation, which makes downpours more frequent and intense, leading to more flooding. Since the 1980s, the U.S. has experienced a $100 billion increase in total flood losses each decade; however, NFIP losses did not show a significant increase until the 2005 hurricane season. Fast-paced, inadequately regulated development in areas prone to flooding is also a major cause of such rising expenses. This briefing will provide a basic understanding of the National Flood Insurance Program, its history, its challenges, and reforms needed. The panel will provide important background and highlight new strategies for improving NFIP’s financial stability and for reducing the impacts of future floods on vulnerable populations and communities.

Please RSVP to expedite check-in A live webcast will be streamed at 2:00 PM EDT at www.eesi.org/livecast (wireless connection permitting) The Environmental and Energy Study Institute (EESI) invites you to a briefing on the National Flood Insurance Program (NFIP). Established by Congress in 1968, NFIP provides affordable, government-administered flood insurance to property owners, renters, and businesses. However, the NFIP is more than just an insurance program, it is also intended to be a floodplain management and flood risk mitigation program. NFIP requires participating communities to adopt and enforce minimum construction and land use regulations that make them less vulnerable to flooding. With over 5 million flood insurance policies in force, the NFIP is the single largest source of flood insurance for homeowners and small businesses. As flood risks grow around the nation, this is an important time for Congress to reform and update this vital 50-year old program to better protect people and property. Without appropriate action, a warming climate coupled with continued development in flood-prone areas will raise the human and economic toll of flood disasters while taxpayer dollars are squandered on risky, business-as-usual practices. The NFIP has reached an important crossroads. After ten temporary extensions since 2017, the NFIP is set to expire on May 31. The program is popular, but it is more than $20 billion in debt, despite the cancellation of $16 billion in debt by Congress in October 2017. Flooding is the most pervasive and costly natural disaster in the United States, and climate change is exacerbating extreme weather events. Warmer temperatures lead to more water evaporation, which makes downpours more frequent and intense, leading to more flooding. Since the 1980s, the U.S. has experienced a $100 billion increase in total flood losses each decade; however, NFIP losses did not show a significant increase until the 2005 hurricane season. Fast-paced, inadequately regulated development in areas prone to flooding is also a major cause of such rising expenses. This briefing will provide a basic understanding of the National Flood Insurance Program, its history, its challenges, and reforms needed. The panel will provide important background and highlight new strategies for improving NFIP’s financial stability and for reducing the impacts of future floods on vulnerable populations and communities.

2018 was a tough year for flooding in the United States, and nowhere worse than in the Carolinas, where Hurricane Florence dumped three feet of rain in spots.  Damage is estimated at $13 billion but at least half of that is uninsured – as most residents had no flood insurance.  While some didn't know they needed it, others took a gamble by going without and lost.But the bigger folly some argue is federal flood insurance itself which encourages some homeowners to disregard risk, by providing subsidized premiums at a level far below what's actuarially-required to cover the claims' costs.  The same program also pays homeowners to rebuild their flooded homes in the same low-lying spots, over and over again.How can we better protect our lives and property from flood waters?  And what urgency will Florence bring to the debate on providing better flood insurance protection for coastal and inland residents alike?  Host Lisa Miller sat down with a catastrophe risk modeler and a coastal flood scientist to get some answers.Show Notes: Lisa's guests are both PhD's – one working in private sector flood insurance and the other in public university research on flooded coastlines – and both are focused on mitigating risks.  Dr. Roger Grenier is Senior Vice President and Global Resilience Practice Leader at AIR Worldwide in Boston.  His team has worked since 1992's Hurricane Andrew to develop catastrophe modeling as a way to predict the severity of extreme events.  Their data and analytics has helped make the insurance and reinsurance industries more resilient over time. Dr. Robert Young is a Professor of Coastal Geology and Director of the Program for the Study of Developed Shorelines at Western Carolina University in Cullowhee, North Carolina.  His team of scientists and policy analysts examine how storms and sea level rise are changing America's coastline and communicate their findings to policymakers.  From individual homeowners to local communities to federal agencies, they have developed tools to protect from and adapt to flood risks. Dr. Grenier said advances in modeling technology are having a greater influence in assessing and pricing flood risk.  Older mapping technology, largely based on historical data, such as stream flows and hazard areas based on land use, has been used primarily by the National Flood Insurance Program (NFIP) to determine risk and rates.  The NFIP has evolved over its past 50 year history and is now beginning to adopt catastrophe models. “When you develop a model, you can look forward and assess not only changes in land use but also changes in the climate and that's how our models are driven, by starting really with a climate model as opposed to relying strictly on historical data,” said Dr. Grenier.  Modeling brings other benefits: its cost and scalability mean more frequent updates and more realistic gray areas of risk in place of black and white maps, where a property is strictly “in” or “out” of a particular flood zone.  The podcast also discusses policies on pricing risk and funding rebuilding after flood calamities.  Dr. Young said federal policy provides “moral hazards”: incentives to do the wrong thing rather than the right thing.  After storms, federal flood insurance and federal Stafford Act disaster funding pay to restore homes and sometimes elevate properties and structures to help prevent future flooding, something he said is only a partial solution.“If you lift-up an oceanfront home, you still have to hold the shoreline in place.  And if you raise a community anywhere in the floodplain, you still have to get utilities to that community and get transportation in there.  The biggest problem that I see right now is that there are very few incentives to change the exposure map for these communities, to get some properties out of areas that are in the floodplains,” said Dr. Young.Case in point: Dauphin Island, Alabama.  This community of repetitive loss properties has received seven disaster declarations in the past 30 years.  There have been properties rebuilt multiple times in the same location following successive storms, thanks to federal and state subsidies that rebuild the infrastructure.  From 1978 through September 2018, the taxpayer-backed NFIP has paid out more than $68 billion in claims – historically, nearly 30% of claims are paid to the 1% of properties classified as repetitive loss properties.“It's not the folks on Dauphin Island that are crazy, it's the rest of us that are crazy for allowing that to happen,” said Dr. Young.   The answer he said is changing incentives by finding a way for the true cost of living in these dangerous places to be incorporated in the cost of these properties.  The imbalance occurs in both high-cost oceanfront investment properties but also in affordable housing communities along our coastline.The podcast also discusses this year's White House budget that stressed reforms to bring needed financial stability to the debt-ridden NFIP and expanding the private market to reduce the federal government's NFIP exposure.  Under budget director Mick Mulvaney's proposal, FEMA would have authority to discontinue NFIP coverage for extreme repetitive loss properties following future losses. Starting in 2021, coverage for commercial properties would be phased-out, while no policies would be written for new construction inside a special flood hazard area. FEMA meanwhile is forging ahead and redesigning NFIP's 2019 rates to more realistically price risk.  Dr. Grenier predicted that any future changes will be by a measured process as the private insurance market evolves, so it can price for it and provide reserves for it.  “People need to understand the limitations of maps and understand other aspects of the home, such as elevation.  They need to hear the message about buying flood insurance, whether from private insurers or the NFIP, and be realistic about what they can expect when they have no insurance versus having a flood policy.Private insurance companies, powered by advanced catastrophe risk models, are able to better understand risk.  In Florida, encouraged by model regulation to encourage a vibrant private market, nearly 30 companies are offering coverage as an alternative to NFIP at competitive rates.Host Lisa Miller, a former Florida deputy insurance commissioner, noted “it's clear as crystal that when it comes to flood risk, we still build too close to known dangers.  The growing folly of our public policy is encouraging risky human behavior.  And we all pay, some with our own checkbook, the majority through higher taxpayer subsidies, and yet others, sadly, with their lives.”Links and Resources Mentioned in This Episode:Private Flood Insurance & Resilience webpage (Lisa Miller & Associates)IBHS Fortified Home™ Program (Insurance Institute for Business & Home Safety) Coastal Wind Damage in North Carolina from Hurricane Florence (AIR Worldwide In Focus, 10/8/18)The Aftermath of Hurricane Florence (AIR Worldwide, 10/18/18)Flood insurance paid homeowners $100,000 more than FEMA after Harvey, expert says (Houston Chronicle, 6/16/18) Private flood insurance could fill North Carolina's coverage gap (Lisa Miller column in the Raleigh News&Observer, 11/16/18)Our View: Federal flood insurance program needs rethinking (Fayetteville Observer, 12/2/18)North Carolina Flooding Exposes Flaws in Flood Insurance Program (Bloomberg News/Bureau of National Affairs, 9/21/18)New resilience organization at FEMA aims to build ‘culture of preparedness' (Global Resilience Institute, 6/5/18)** The Listener Call-In Line for your recorded questions and comments to air in future episodes is 850-388-8002 or you may send email to LisaMiller@LisaMillerAssociates.com **The Florida Insurance Roundup from Lisa Miller & Associates, brings you the latest developments in Property & Casualty, Healthcare, Workers' Compensation, and Surplus Lines insurance from around the Sunshine State.  Based in the state capital of Tallahassee, Lisa Miller & Associates provides its clients with focused, intelligent, and cost conscious solutions to their business development, government consulting, and public relations needs.  On the web at www.LisaMillerAssociates.com or call 850-222-1041.  Your questions, comments, and suggestions are welcome!  Date of Recording 12/3/18. Email via info@LisaMillerAssociates.com   Composer: www.TeleDirections.com  © Copyright 2017-2018 Lisa Miller & Associates, All Rights Reserved

Welcome to RIMScast. Your host is Justin Smulison, Business Content Writer at RIMS, the Risk and Insurance Management Society. Today, Justin is joined by recurring guest, Whitney Craig (RIMS Government Relations Director), for a follow-up on the RIMS Legislative Summit.   In this episode, Whitney and Justin pick up where they left off in September of their last podcast that was recorded live at the RIMS 2018 Legislative Summit. They had discussed the National Flood Insurance Program (NFIP) and the Terrorism Risk Insurance Act (TRIA) — so today, they will be revisiting these topics, plus a whole lot more!   Key Takeaways: [:14] About today’s show with recurring guest, Whitney Craig. [1:02] Justin welcomes Whitney to the show. [1:11] Whitney gives an update on the status of the NFIP. [3:54] With midterms concluding, what are the impacts to RIMS members? [4:52] Whitney’s outlook for the 116th Congress. [9:05] Whitney gives a status update on TRIA. [10:02] Whitney speaks about changes of strategy that RIMS members should know about when it comes to working with lawmakers. [11:14] Does Whitney see the Congress freshmen as an opportunity or a hindrance? [13:34] Does Whitney believe that it is important to align with Congressmen similar to Dennis Ross? [15:46] Whitney’s thoughts on cyber reporting. [17:43] Justin thanks Whitney for being a part of this week’s RIMScast. [18:55] You can email Justin at Content@rims.org for any suggestions, comments, or feedback.   Mentioned in this Episode: Risk Management Monitor Coverage of the RIMS 2018 Legislative Summit “RIMScast: Florida Congressman Dennis Ross at the RIMS Legislative Summit Sept 13th, 2018” “RIMScast: RIMScast Live at RIMS Legislative Summit (2018) with Whitney Craig and Barry Dillard” RISKPAC (the RIMS Political Action Committee) Marsha Blackburn   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and join the RIMS Group on LinkedIn.   Follow up with Our Guest: Whitney Craig’s LinkedIn Whitney Craig’s RIMS Community Profile Email: WCRAIG@rims.org

Welcome to the third episode of RIMScast. Your host is Justin Smulison, Business Content Writer at RIMS, the Risk and Insurance Management Society. This episode, he’s coming to you live from the RIMS Legislative Summit in Washington, DC.Joining him, live and in-person is special guest Whitney Craig, RIMS Government Relations Director. Whitney’s goal is to advance the legislative and regulatory interests of risk managers worldwide.   Whitney explains some of the biggest priorities that are being addressed at RIMS Legislative Summit this year, such as: some of the biggest players in helping RIMS achieve their goal of reauthorizing and extending the duration of The National Flood Insurance Program (NFIP) as well as the Terrorism Risk Insurance Act (TRIA), and their headway in pushing for a national data breach notification standard.   Barry Dillard - Director, Risk Strategies, Insurance and Compliance at Walt Disney Parks and Resorts US also pops in near the end of the episode as a surprise guest to discuss what he believes to be most important for members attending the RIMS Legislative Summit, his views and excitement for the political process, and people who have stood out to him at this year’s summit.   Key Takeaways: [:08] About the RIMS Legislative Summit in Washington, DC (where this episode is being recorded live!) [:37] About the RIMScast guest today, Whitney Craig. [:55] Justin welcomes Whitney to the podcast. [1:13] Whitney explains some of the biggest priorities that are being addressed at RIMS Legislative Summit this year. [2:11] Who are some of the biggest players that can help RIMS in achieving the goal of reauthorizing and extending the duration of The National Flood Insurance Program (NFIP)? [3:59] About RIMS headway for pushing for a national data breach notification standard. [5:49] RIMS work on reauthorizing the Terrorism Risk Insurance Act (TRIA). [6:52] The support that politician Dennis Ross has provided for RIMS. [8:28] About the excitement surrounding RIMS Legislative Summit and how members benefit greatly from attending meetings. [11:14] Welcoming surprise guest to the podcast, Barry Dillard! [11:24] What Barry believes would be important to members attending the summit. [11:49] Why does Barry like the political process? [12:00] Does he plan to attend several more of RIMS Legislative Summits in the future? [12:10] People who have stood out to Barry at this year's summit. [13:05] If you want to get a hold of Whitney, you can contact her at WCRAIG@rims.org.   Mentioned in this Episode: RIMS Legislative Summit (2018) in Washington, DC The National Flood Insurance Program (NFIP)The Terrorism Risk Insurance Act (TRIA) Dennis Ross (Politician) RIMS.org (for more information about upcoming events and more) RiskManagementMonitor.com (for the most recent coverage of the legislative summit) WCRAIG@rims.org   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and join the RIMS Group on LinkedIn.   Follow up with Our Guests: Whitney Craig’s LinkedIn Whitney Craig’s RIMS Community Profile Barry Dillard’s LinkedIn Barry Dillard’s RIMS Community Profile

FEMA’s National Flood Insurance Program (NFIP) turned 50 years old this month and has seen its fair share of growth and noteworthy achievements to become what it is today. In this episode of the FEMA Podcast, we discuss the program with Carl Cook and Chuck Steele, both founding employees and program leaders of the NFIP. In this interview they discuss what it was like in the early days of the program and how they worked to grow the program and involve communities.

August 1st, 2018, marks the 50th anniversary of the National Flood Insurance Act, the guiding legislation for the National Flood Insurance Program (NFIP). On this agency update, we talk to David Maurstad, chief executive of the National Flood Insurance Program, about the history and the future of the NFIP.

FEMA’s own Andy Neal (and team) from the National Flood Insurance Program (NFIP), was chosen as one of the 27 finalists for the Management Excellence Category of the Samuel J Heyman Service to America Medal – the “Sammie”. On this episode of the FEMA Podcast we talk with Andy Neal about the process of diversifying the NFIP’s risk through reinsurance, and what the Sammie Nomination has meant for his program.

FEMA’s own Andy Neal (and team) from the National Flood Insurance Program (NFIP), was chosen as one of the 27 finalists for the Management Excellence Category of the Samuel J Heyman Service to America Medal – the “Sammie”. On this episode of the FEMA Podcast we talk with Andy Neal about the process of diversifying the NFIP’s risk through reinsurance, and what the Sammie Nomination has meant for his program.

Congress is pushing into 2018 a decision on how to reform the beleaguered National Flood Insurance Program (NFIP) that 1.8 million Floridians depend on for their property flood protection. Congress must reauthorize the program as well, because without it, federally-backed home mortgages which require flood coverage for high-risk zoned properties could come to a standstill.  But the taxpayer-subsidized NFIP is $25 billion in debt and still using old flood data and maps, with rates that don't match risk.  Congress is considering reauthorization under a package of reform bills called the 21st Century Flood Reform Act.Host Lisa Miller, a former Florida deputy insurance commissioner, explores two of those key reforms on this program: what to do with grandfathered properties that are still enjoying 1960's-era premiums and riddled with repetitive losses, and how best to encourage private flood insurance market alternatives.  It's estimated that 77% of Florida properties would see lower premiums with private market policies.  Joining Lisa are guests Brian Squire, Managing Executive Senior Vice President at Hays Companies in Destin, Florida and Helen Devlin, Senior Lobbyist with the National Association of Realtors in Washington D.C.  Together, they outline what's at stake for Florida NFIP policyholders and ideas on how best to balance flood insurance affordability with NFIP sustainability, without hurting Florida's growing real estate market.Show Notes:         The bill passed by the U.S. House would strip grandfathered NFIP rates after two future claims, with rates then rising 10% per year until hitting the current risk-rate. A third claim would raise rates 15% per year.  The podcast discusses how this is meant to relieve some of the financial burden to the heavily subsidized federal government program, while providing greater cost accountability and sharing with those properties that continually have losses and keep getting rebuilt or repaired, only to have sometimes identical losses re-occur during the next event.Brian Squire said the key to a more sustainable NFIP and one that encourages private flood insurance alternatives is to change the grandfathering provisions so current recipients can have safe harbor to move into the private market and move back into the NFIP without losing benefits, should the private market not work for them.  He noted it's also important that private insurance companies be properly vetted and with state regulation to provide needed consumer confidence to make the switch.Helen Devlin noted it's important to have a private market compliment to NFIP and that the National Association of Realtors has been working for years with Congress to make improvements necessary to safeguard property owners.  Allowing portability of grandfathered benefits and more insurance options for consumers are key.   She also noted the rates charged versus true risk “are out of whack” and that better utilizing improved modeling technology and other advances will create better coverage for more people without “sticker shock” premiums.Links and Resources Mentioned in This Episode:Brian Squire, Managing Executive Senior Vice President at Hays Companies in Destin, Florida www.hayscompanies.comHelen Devlin, Senior Lobbyist with the National Association of Realtors in Washington D.C. https://www.nar.realtor/21st Century Flood Reform Act (H.R. 2874) (https://www.congress.gov/bill/115th-congress/house-bill/2874/text)The National Flood Insurance Program (NFIP) (https://www.fema.gov/national-flood-insurance-program)FEMA webpage on NFIP Reform (https://www.fema.gov/flood-insurance-reform)Flood Insurance Writers in Florida (from the Florida Office of Insurance Regulation) (https://floir.com/Sections/PandC/FloodInsurance/FloodInsuranceWritersFL.aspx)Top 10 Facts About the National Flood Insurance Program (from Lisa Miller & Associates) (http://lisamillerassociates.com/wp-content/uploads/2017/06/Top-10-Facts-About-the-National-Flood-Insurance-Program.pdf)The federal Biggert-Waters Act and Florida Impacts (from the Florida Office of Insurance Regulation) (https://floir.com/Sections/PandC/FloodInsurance/FloodInsurance.aspx)Aligning Natural Resource Conservation, Flood Hazard Mitigation, and Social Vulnerability Remediation in Florida (Journal of Ocean and Coastal Economics: Vol. 4: Iss. 1, Article 4.  Summer 2017) which found Florida has 15,000 “Repetitive Loss Properties”.  Those properties collectively filed more than 40,000 claims against the National Flood Insurance Program between 1978 and 2011 - more than 1,200 claims per year, on average. (https://cbe.miis.edu/joce/vol4/iss1/4/)Since 1978, 12 Counties Have Accounted for a Third of U.S. Flood Insurance Claims (Forbes, November 16, 2017) (https://www.forbes.com/sites/zillow/2017/11/16/since-1978-12-counties-have-accounted-for-a-third-of-u-s-flood-insurance-claims/#d2a72781a8e5)Florida Homeowner Claims Bill of Rights (From the Florida Office of Insurance Regulation) (http://floir.com/siteDocuments/HomeownerClaimsBillofRights2014.pdf)** The Listener Call-In Line for your recorded questions and comments to air in future episodes is 850-388-8002 or you may send email to LisaMiller@LisaMillerAssociates.com**The Florida Insurance Roundup from Lisa Miller & Associates, brings you the latest developments in Property & Casualty, Healthcare, Workers' Compensation, and Surplus Lines insurance from around the Sunshine State.  Based in the state capital of Tallahassee, Lisa Miller & Associates provides its clients with focused, intelligent, and cost conscious solutions to their business development, government consulting, and public relations needs.  On the web at www.LisaMillerAssociates.com or call 850-222-1041.  Your questions, comments, and suggestions are welcome! Date of Recording 12/5/17. Email via info@LisaMillerAssociates.com Composer: www.TeleDirections.com

Aided by new state legislation this year designed to encourage a robust private flood insurance market in Florida, the number of companies writing flood policies has nearly doubled in the last year, while Congress works this summer to reform the federal government's beleaguered National Flood Insurance Program (NFIP).  Meanwhile, new technology is making structures more resilient than ever to floodwaters, allowing those insurers to more accurately price risk and compete with the NFIP. Mike Graham of Smart Vent Products has been working with modeling firms that are part of the new technology and shares with Lisa in this program how flood vents, dry proofing, and other mitigation options are lowering flood risks and with them,  policy premiums by up to 80%.  Just as wind mitigation years ago helped lower homeowners and wind insurance rates, today's flood mitigation techniques can lower private flood insurance rates, making flood coverage more affordable – and available – for everyone. Show Notes: Actuarial experts, disaster modelers, and third-party vendors are utilizing new technology to better predict and price flood risk.  Models are important because the NFIP and parent FEMA don't use models – they use only maps.  But models help differentiate the flood risk between a property owner in Zone X with mitigation vs. another person in Zone X without mitigation – with premiums priced accordingly by the growing number of private flood insurers entering the marketplace. Mike Graham of Smart Vent Products shares his experience on some of the newest mitigation technologies and practices, including vents that allow flood waters to wash into – and back out of - structures, minimizing damage.  A study of a two-square mile area in New Jersey that suffered $1.2 million in flood claims losses showed through modeling how pre-mitigation would have eliminated the structural damage and reduced the entire area's flood height by one inch, which while it doesn't sound like much, equates to a $20,000 cost avoidance per claim according to FEMA.  Mitigation measures also help eliminate the need for retention ponds.  FEMA estimates that for every $1 spent on pre-event mitigation, $4 is saved in insurance claims.  Links and Resources Mentioned in This Episode: Part One of The Florida Insurance Roundup Growing Florida's Private Flood Market  (https://www.podomatic.com/podcasts/lisamillerassociates/episodes/2017-06-20T07_07_14-07_00) CoreLogic Report on Risk of Hurricane Storm Damage in 2017  (http://www.corelogic.com/about-us/news/corelogic-storm-surge-analysis-identifies-nearly-6.9-million-us-homes-at-risk-of-hurricane-storm-surge-damage-in-2017.aspx) U.S. House of Representatives draft bill of The Flood Risk Mitigation Act of 2017, which would require communities to create plans to mitigate high concentrations of multiple-loss properties. (https://financialservices.house.gov/uploadedfiles/fsc04_enhance_the_nfips_mitigation_process_discussion_draft.pdf) www.smartvent.com (Mechanically Operated Flood Vent systems) Smart Vent White Paper (http://lisamillerassociates.com/wp-content/uploads/2017/07/floodtool.pdf) https://dryfloodproofing.com  (Point of Use stored Flood Barriers) Top 10 Facts About the National Flood Insurance Program  (http://lisamillerassociates.com/wp-content/uploads/2017/06/Top-10-Facts-About-the-National-Flood-Insurance-Program.pdf) Florida Office of Insurance Regulation's list of flood insurance writers in Florida: (http://floir.com/Sections/PandC/FloodInsurance/FloodInsuranceWritersFL.aspx) ** The Listener Call-In Line for your recorded questions and comments to air in future episodes is 850-388-8002 or you may send email to LisaMiller@LisaMillerAssociates.com** The Florida Insurance Roundup from Lisa Miller & Associates, brings you the latest developments in Property & Casualty, Healthcare, Workers' Compensation, and Surplus Lines insurance from around the Sunshine State.  Based in the state capital of Tallahassee, Lisa Miller & Associates provides its clients with focused, intelligent, and cost conscious solutions to their business development, government consulting, and public relations needs.  On the web at www.LisaMillerAssociates.com or call 850-222-1041.  Your questions, comments, and suggestions are welcome! Date of Recording 6/15/17. Email via info@LisaMillerAssociates.com   Composer: www.TeleDirections.com

Just in time for the start of hurricane season, the Florida Legislature has made it even easier for private insurance companies to write flood coverage in the Sunshine State.  The private market is seen as a much-needed alternative to the debt-ridden, increasingly expensive, federal government's National Flood Insurance Program (NFIP).   Even more so for Florida consumers, who are largely subsidizing the program, receiving just $1 in claims benefits for every $4 paid in premiums. Host Lisa Miller, a former Florida deputy insurance commissioner, breaks down how private carriers are being encouraged and we hear state Senator Jeff Brandes' ideas on how Florida's private market can work hand-in-hand with the NFIP.  With less than 90 days remaining until the beleaguered NFIP expires, the U.S. House is making progress toward a series of reforms designed to tackle the programs $24.6 billion in debt and improve access and affordability for homeowners.  One fix would expand mandatory flood insurance to most U.S. homeowners – just like the Affordable Care Act on the health insurance side – to subsidize the NFIP going forward.Links and Resources Mentioned in This Episode: Florida Legislature Bill CS/CS/HB 813: Flood Insurance: http://www.flsenate.gov/Session/Bill/2017/813  U.S. House of Representatives draft legislation to reform the National Flood Insurance Program (NFIP) is outlined in the Flood Insurance Affordability & Sustainability Act of 2017:  https://www.cassidy.senate.gov/imo/media/doc/Cassidy-Gillibrand%20Section%20Summary%204_25_17_%20FINAL.pdf  GAO's Flood Insurance: Comprehensive Reform Could Improve Solvency and Enhance Resilience https://www.gao.gov/products/GAO-17-425?utm_source=blog&utm_medium=social&utm_campaign=podcast   Top 10 Facts About the National Flood Insurance Program:  http://lisamillerassociates.com/wp-content/uploads/2017/06/Top-10-Facts-About-the-National-Flood-Insurance-Program.pdf FEMA webpage on NFIP Reform: https://www.fema.gov/flood-insurance-reform Florida Office of Insurance Regulation's list of flood insurance writers in Florida: http://floir.com/Sections/PandC/FloodInsurance/FloodInsuranceWritersFL.aspx ** Listener recorded Call-In Line for questions and comments to air in future episodes: 850-388-8002 or email at LisaMiller@LisaMillerAssociates.com **"The Florida Insurance Roundup" from Lisa Miller & Associates, brings you the latest developments in Property & Casualty, Healthcare, Workers' Compensation, and Surplus Lines insurance from around the Sunshine State.  Based in the state capital of Tallahassee, Lisa Miller & Associates provides its clients with focused, intelligent, and cost conscious solutions to their business development, government consulting, and public relations needs.  On the web at www.LisaMillerAssociates.com or call 850-222-1041.  Your questions, comments, and suggestions are welcome! Date of Recording 6/15/17. Email via info@LisaMillerAssociates.com   Composer: www.TeleDirections.com

Our flood insurance industry experts answer your flood insurance questions.  This roundtable will help you understand which types of damages will be covered and excluded by flood insurance coverage. Replacement cost value and actual replacement value are discussed in length to prepare you for acquiring new policies as well as updating your existing ones. It is recommended you understand all aspects of your policy provisions. For further information on this topic, please read our corresponding Adjusting Today article: "Flood: Understanding and Recovering From One of Nature's Worst Disasters."   Key Takeaways: [:58] What is the National Flood Insurance Program (NFIP) and why is it necessary to hold one of these policies? [2:05] If a community does not have a floodplain management plan, can a policyholder still purchase flood insurance? [3:00] Will the Federal Emergency Management Agency (FEMA) help in my recovery from a large flood disaster? [4:14] What are the guidelines for a flood insurance claim with the NFIP? [4:30] If a home or business lies outside of a floodplain area, is it still possible to carry flood insurance through the NFIP? [5:19] What can a policyholder expect in terms of premium costs? [8:48] Can shopping insurance companies find a policyholder better rates and policies on flood insurance? [10:06] What coverages are included in a flood policy from the NFIP? [11:23] Who would adjust a NFIP policy claim? [12:26] Will flood insurance cover all contents inside and outside of a home/business? [13:48] Explain the ‘Increased Cost of Compliance Coverages’ and how it could affect a policyholder’s recovery. [16:27] Will deductibles come into play with these policies? [16:43] By holding a standard insurance policy and a flood insurance policy, can an insured expect to be covered in full for their loss? What would be excluded by holding the two policies? [18:57] Are there coverage and limit differences between standard built homes and manufactured housing? [19:58] How does Replacement Cost Value and Actual Cash Value come into play when going through a flood claims process? [21:05] Will a flood policy provide Business Interruption and Extra Expense Coverage? [25:25] Garden-style apartments are popular and offered by a lot of apartment communities. How will a flood policy cover this type of abode? [28:03] Has there ever been loopholes or unforeseen circumstances where a tenant of a garden-style apartment has been fully covered? [29:18] What is the most important thing an insured should do to achieve a fair settlement when undertaking a flood insurance claim? [31:59] Why would an insured need the help of a public adjuster when handling a flood loss? [33:49] What roles do the people involved play in a claim? Why can an insurance company adjuster not handle all of it? [35:42] Are there any problems with flood risk assessments? [37:38] Things to consider when dealing with a flood insurance claim [39:05] Are aggressive insurers offering alternatives to NFIP?    Panelists: Greg Raab, Vice President & Executive Director of Operations/Public Adjuster and Disaster Recovery Services - Adjusters International James R. Mahurin, CPCU, ARM, Risk Management Consultant and member of the Society of Risk Management Consultants  C. Todd Thomas, Executive Director of Consulting Services and member of the Society of Risk Management Consultants - Adjusters International