NFIP

Triple-I: 2024 Atlantic Hurricane Season Forecast to be ‘Very Active’

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Insurance, Natural Disasters, Environment, Storm, Emerald, Season, Drainage, Tropical Storm Ophelia, Florida Panhandle, Atmospheric science, Insurance Information Institute, Policy, Information International, Inc., CSU, Wind, Water, Klotzbach, Family, Probability, NFIP, Drinking water, Property insurance

A very active tropical cyclone season is projected for 2024 in the Atlantic basin, according to a forecast released today by Colorado State University’s (CSU) Department of Atmospheric Science.

Key Points: 
  • A very active tropical cyclone season is projected for 2024 in the Atlantic basin, according to a forecast released today by Colorado State University’s (CSU) Department of Atmospheric Science.
  • Major hurricanes are defined as those with wind speeds reaching Category 3, 4 or 5 on the Saffir-Simpson Hurricane Wind Scale .
  • It was the third hurricane, and second major hurricane, to make a Florida landfall over the past two seasons.
  • A warmer-than-normal tropical Atlantic provides a more conducive dynamic and thermodynamic environment for hurricane formation and intensification.

Lenders One Brings Together Its Members and Providers to Help Members Increase Profitability During Challenging Markets

Retrieved on: 
Monday, March 4, 2024
CRA, Reseller, Cooperative, FICO, Friction, Risk management, L1, Creditor, Fraud, Sale, FCRA, SSV, Warehouse management system, AIM, Risk, Quality control, NFIP, Summit, Freddie Mac, ASPS, Fair Credit Reporting Act, Insurance, VOE, UDN, Capital market, VOI, VOA, Environment, CMB, Bank

The addition of these members amid the challenging mortgage origination environment is a testament to the Lenders One team and offerings.

Key Points: 
  • The addition of these members amid the challenging mortgage origination environment is a testament to the Lenders One team and offerings.
  • Today, Lenders One offers its members a variety of direct, capital markets and national programs solutions, to help its members better compete.
  • More recently, Lenders One launched and refined some of its direct solutions to enhance the value proposition for its members:
    L1 Credit and Resellers.
  • In addition to its direct solutions, Lenders One has a suite of Capital Market and National Program solutions to help the members better compete.

Niyam Announces Courtney Robertson as Senior Director, Strategic Accounts

Retrieved on: 
Thursday, March 7, 2024
Acquisition, Bangladesh Technical Education Board, Division, GSA, Food and Drug Administration, Federal Bureau of Investigation, National Institutes of Health, NIH, FEMA, FDA, DHS, Food, National security, Federation, Climate change, EPMD, NFIP, FBI, General Services Administration, LCCE, PMO, DFC, Information technology, Pivot, Bottled water

LEESBURG, Va., March 7, 2024 /PRNewswire/ -- Niyam IT , a leading solutions provider and a fast-growing IT services company delivering innovative solutions to the federal government, specifically for the National Security segment, today announced Courtney Robertson has been named the company's Senior Director, Strategic Accounts.

Key Points: 
  • LEESBURG, Va., March 7, 2024 /PRNewswire/ -- Niyam IT , a leading solutions provider and a fast-growing IT services company delivering innovative solutions to the federal government, specifically for the National Security segment, today announced Courtney Robertson has been named the company's Senior Director, Strategic Accounts.
  • "Courtney's experience with FEMA inflicting strategic change and spearheading successful modernization efforts will be invaluable," said Raj Parameswaran, President and COO, Niyam.
  • "I'm looking forward to the opportunity to work with Courtney again," said Suman Biswas, Founder and CEO, Niyam.
  • "I believe his addition to Niyam will put us on an upward growth trajectory for years to come and be a valued partner of FEMA ."

Neptune Flood Launches Excess Flood Insurance Product

Retrieved on: 
Tuesday, February 20, 2024
Multimedia, Commercial, Neptune, NFIP, Policy, Congress, Insurance

ST. PETERSBURG, Fla., Feb. 20, 2024 /PRNewswire/ -- Neptune Flood, the largest provider of private flood insurance in the United States, today announced the launch of its excess flood insurance product for residential, commercial, and condominium (RCBAP) properties.

Key Points: 
  • Largest Private Flood Insurance Provider Offers Excess Flood Insurance to Improve Upon NFIP Coverage for Residential, Commercial, and Condominium Properties
    ST. PETERSBURG, Fla., Feb. 20, 2024 /PRNewswire/ -- Neptune Flood , the largest provider of private flood insurance in the United States, today announced the launch of its excess flood insurance product for residential, commercial, and condominium (RCBAP) properties.
  • A Neptune excess flood policy provides coverage above the maximum limit available through the National Flood Insurance Program (NFIP), allowing customers to keep their NFIP policy if they have yet to reach their market rate.
  • Neptune's excess product, offering over $4mm of coverage, addresses this coverage gap and protects against losses in excess of NFIP limits, allowing home and business owners to appropriately protect their property.
  • A Neptune excess flood policy also allows policyholders to purchase enhanced protections that are not available through the NFIP.

Triple-I Offers Reminders on Insurance Claim Filings for Consumers Impacted by California Atmospheric River Damages

Retrieved on: 
Friday, February 9, 2024
Professional Services, Consumer, Women, Insurance, Seniors, Men, Insurance Information Institute, Policy, Use, Weather, ALE, Loss, Loss of use, BOP, CMP, Lightning, Wind, Rain, Tree, FEMA, NFIP

The Insurance Information Institute (Triple-I) is reminding homeowners, renters, businesses, and vehicle owners impacted by severe weather related to the West Coast Atmospheric River of what’s covered under standard insurance policies and how the insurance claim filing process works.

Key Points: 
  • The Insurance Information Institute (Triple-I) is reminding homeowners, renters, businesses, and vehicle owners impacted by severe weather related to the West Coast Atmospheric River of what’s covered under standard insurance policies and how the insurance claim filing process works.
  • Your insurance professional will report the loss immediately to your insurer or to a qualified adjuster.
  • Property damage caused by windstorms, hail, and lightning is covered under standard homeowners, renters, and business insurance policies.
  • It is a standard coverage in homeowners and renters insurance policies but ALE is not incorporated into FEMA NFIP policies.

Neptune Flood Expands Coverage into Kentucky

Retrieved on: 
Thursday, December 28, 2023
NFIP, Policy, Multimedia, Commercial, Insurance

ST. PETERSBURG, Fla., Dec. 28, 2023 /PRNewswire/ -- Neptune Flood, the largest provider of private flood insurance in the United States, today announced its expansion into the state of Kentucky, making residential, commercial, and RCBAP flood products available in the Bluegrass State. Neptune Flood is now available in 49 states and Washington, D.C.

Key Points: 
  • Offering Higher Limits and Broader Coverage than the NFIP, The US's Largest Private Flood Insurance Now Protects Residential, Commercial, and Condominium Properties in 49 States
    ST. PETERSBURG, Fla., Dec. 28, 2023 /PRNewswire/ -- Neptune Flood, the largest provider of private flood insurance in the United States, today announced its expansion into the state of Kentucky, making residential, commercial, and RCBAP flood products available in the Bluegrass State.
  • Neptune Flood is now available in 49 states and Washington, D.C.
    Neptune offers higher limits and broader coverage options unavailable through the National Flood Insurance Program (NFIP), allowing property owners to protect their assets under one policy.
  • With up to $4,000,000 in residential and commercial coverage and $10,000,000 in RCBAP coverage, Neptune is the preferred alternative to the NFIP.
  • "With less than 1% of homes in Kentucky having a current NFIP flood policy (just 18,000 homes), our expansion into the state couldn't come sooner."

Neptune Flood Announces Results of the 2023 Neptune Consumer Survey of Flood Awareness

Retrieved on: 
Tuesday, November 14, 2023
Neptune, Policy, Risk, IBM, Flood, United, NFIP, University, Partnership, Education, Online shopping, Insurance

ST. PETERSBURG, Fla., Nov. 14, 2023 /PRNewswire/ -- Neptune Flood, the largest provider of private flood insurance in the United States, today announced the results of its fourth annual Neptune Consumer Survey of Flood Awareness, conducted in partnership with the University of South Florida St. Petersburg Customer Experience Lab. Now in its fourth year, the survey utilizes a base set of questions to view trends in consumer views.

Key Points: 
  • Largest private flood insurance company partners with the University of South Florida Customer Experience Lab – St. Petersburg for fourth consecutive year to gather consumer perceptions and attitudes towards flood insurance
    ST. PETERSBURG, Fla., Nov. 14, 2023 /PRNewswire/ -- Neptune Flood , the largest provider of private flood insurance in the United States, today announced the results of its fourth annual Neptune Consumer Survey of Flood Awareness , conducted in partnership with the University of South Florida St. Petersburg Customer Experience Lab.
  • Now in its fourth year, the survey utilizes a base set of questions to view trends in consumer views.
  • Nearly 3/4 (73.2%) of survey respondents believe they had flood insurance on their primary living residence.
  • "Our survey continues to provide valuable insights on how the consumer perceives the risk of flood and their actions to mitigate damage," said Trevor Burgess, CEO of Neptune Flood.

Commissioner Arnold Testifies on Behalf of NAIC at U.S. House Financial Services Subcommittee Hearing

Retrieved on: 
Friday, November 3, 2023
Minnesota Department of Commerce, General insurance, Policy, Parity, National Association of Insurance Commissioners, Committee, Congress, NAIC, National Flood Insurance Program, NFIP, Climate, House, Consumer, Hearing, Housing, Task force, National Association, Insurance

Testifying at a hearing on "The Factors Influencing the High Cost of Insurance for Consumers," Commissioner Arnold observed how state insurance regulators "have the capacity to respond swiftly and nimbly to market conditions" in each of their markets.

Key Points: 
  • Testifying at a hearing on "The Factors Influencing the High Cost of Insurance for Consumers," Commissioner Arnold observed how state insurance regulators "have the capacity to respond swiftly and nimbly to market conditions" in each of their markets.
  • In her companion written testimony, Commissioner Arnold discussed NAIC Members' work on two of the biggest challenges facing the insurance marketplace: natural catastrophes and emerging technologies.
  • "We are on the front lines assisting consumers with policy questions and talking to businesses about their concerns.
  • She also urged support for the bicameral, bipartisan Disaster Mitigation and Tax Parity Act of 2023 (S. 1953 / H.R.

Guaranteed Rate Insurance API Connection Empowers Agents to Automatically Provide Multiple Flood Quotes in All Zones

Retrieved on: 
Wednesday, November 1, 2023
FEMA, Flood, Insurance, NFIP, CRM, Guaranteed Rate, EVP, Policy, Weather, Sale, Water, API

SCHAUMBURG, Ill., Nov. 1, 2023 /PRNewswire/ -- Guaranteed Rate Insurance LLC , one of the fastest growing national insurance brokers, today released its proprietary private flood insurance API connection through its CRM platform that allows its agents to automatically provide flood quotes in all zones from multiple private flood providers.

Key Points: 
  • SCHAUMBURG, Ill., Nov. 1, 2023 /PRNewswire/ -- Guaranteed Rate Insurance LLC , one of the fastest growing national insurance brokers, today released its proprietary private flood insurance API connection through its CRM platform that allows its agents to automatically provide flood quotes in all zones from multiple private flood providers.
  • The quoting platform will present multiple flood quotes alongside homeowners quotes for properties in 48 states and Washington, DC.
  • This new platform provides Guaranteed Rate Insurance customers an immediate way to receive and compare flood coverage as part of their homeowners insurance policy, directly at point of sale.
  • In the coming months, Guaranteed Rate Insurance will look to further expand the new flood offering within their digital marketplace and will be marketing flood insurance to their existing customer base.

Neptune Flood Crosses $200 Million of Premium in Force, Becomes Primary Alternative to NFIP

Retrieved on: 
Thursday, October 26, 2023
National Flood Insurance Program, Insurance, Insurance Institute of Canada, Snyder, Plymouth Rock, Swiss Re, FEMA, Information technology, NFIP, Mitsui Sumitomo Insurance Group, Fintech, Business, GuideOne Insurance, IBHS, Argo Group, Management, Financial adviser, Neptune, Orchid

ST PETERSBURG, Fla., Oct. 26, 2023 /PRNewswire/ -- Neptune Flood, the largest private provider of flood insurance in the United States, has crossed $200 million of premium in force and adds seven members to its newly formed advisory board, it was announced today by Trevor Burgess, CEO of Neptune Flood.

Key Points: 
  • Crossing $200 million of premium in force brings Neptune to over 5% of the National Flood Insurance Program's size, securing its role as the primary alternative to the NFIP.
  • The Neptune Flood Advisory Board Members are:
    Jim Albert: Co-founder of Neptune, served as the company's CEO through 2019, and held the role of Chairman from 2020 to early 2023.
  • Prior to Neptune, he held senior executive positions in insurance and information technology in the US and the UK.
  • Prior to IBHS Roy was at FEMA where he served as the chief executive of the National Flood Insurance Program (NFIP).