Leaders in the insurance industry anticipated that 2019, much like 2018, would be a tumultuous year for flood insurance with large catastrophic events, legislative impasse and administrative uncertainty. For the National Flood Insurance Program (NFIP) and private...
As of the writing of this blog post, Congress has not yet extended the National Flood Insurance Program, which expires at midnight on Friday, November 30th. There is currently no clear path forward, but experts are “cautiously optimistic” that a deal will...
Hurricane Florence is expected to become a major hurricane by mid week, and threaten ALL of the East Coast. While its direct impact is currently expected to be around the North Carolina coast, areas up to New England and Massachusetts can expect drenching rain and...
If you’re a business owner, you (should) already have a Commercial Package Policy (CPP) or a Business Owners Policy (BOP) to protect your assets. Unfortunately, neither of these policies typically offer any coverage for flood damage. While your commercial property...
There’s a lot of confusion surrounding flood insurance, and that’s understandable as it’s one of the most complicated and specific areas of the entire insurance industry. First off, homeowners and renters insurance policies do not cover any damages caused by flooding....
We can all agree that this winter has been relatively mild– as of late, many South Shore and Boston area towns have been enjoying 50°+ temps. But remember the terrible flooding that affected many Massachusetts towns back in January? Extremely high tides, full moon,...
