At Assurant, we provide the tools to make that possible; but you’re the one property owners look upon for guidance about their flood policies and coverage options. Though the National Flood Insurance Program’s products are standardized, the support you and your customers get from Assurant isn...
To overcome the policy and governance challenges posed by homeowners' inadequate insurance coverage, we discuss policy recommendations that include for banks and government-sponsored enterprises (GSEs) strengthening their requirements and the introduction of multiyear flood insurance contracts attached to the ...
The aftermath of the storm also caused serious damage to the National Flood Insurance Program (NFIP or the Program), which provides federally subsidized flood insurance to communities participating in the Program. Following the storms of 2005, many home and building owners and insurance companies ...
These maps identify Special Flood Hazard Areas, which are lands at a high risk of a major flood, and determine where flood insurance is required.The elimination of federal subsidies combined with new flood zone maps increasing the number of homeowners required to have flood coverage will continue...
Whenfloodmapchangesoccur,theNationalFloodInsuranceProgram(NFIP)providesalower-costfloodinsuranceratingoptionknownas“grandfathering.” Grandfatheringisavailableforpropertyownerswho:• have a flood insurance policy in effect when the new flood map becomes effective and then maintaincontinuous coverage, or• ...
If it is adopted into law, the bill would allow private insurers to continue selling policies on behalf of the NFIP, while also being allowed to sell their own private flood coverage.Brandon Ross... B Ross - 《Environment Reporter》 被引量: 0发表: 2017年 THE NATIONAL FLOOD INSURANCE PROGR...
Whenfloodmapchangesoccur,theNationalFloodInsuranceProgram(NFIP)providesalower-costfloodinsuranceratingoptionknownas“grandfathering.”Grandfatheringisavailableforpropertyownerswho:•haveafloodinsurancepolicyineffectwhenthenewfloodmapbecomeseffectiveandthenmaintaincontinuouscoverage,or•havebuiltincompliancewiththeFIRMin...
The legislation aims to require the U.S. National Flood Insurance Program (NFIP) to provide windstorm and flood coverage. The White House has also issued a statement of administration policy that is against the measure.HofmannMarkA.EBSCO_bspBusiness Insurance...
The article discusses the American Insurance Association (AIA) report on the possible budget deficit of National Flood Insurance Program (NFIP) if approved the inclusion of windstorm coverage in U.S. The bill was proposed b...
Purpose – Insurance is widely regarded as a key adaptation option for climate change. Yet, the experience of the insurance sector in dealing with climatic hazards, particularly flooding, has been highly varied. Drawing from the experience of the US National Flood Insurance Program (NFIP), the ...