Our client, a leading commercial real estate company, has a large portfolio of office properties. The company was maintaining NFIP flood insurance policies on 21 buildings at 17 locations, because the buildings were located in a Special Flood Hazard Area […]
New FEMA Flood Maps for Harris County, TX
New FEMA flood maps for Harris County, Texas take effect January 6, 2016. The new flood maps negatively impact more than 14,000 properties by placing either the entire property or a portion of the property into a Special Flood Hazard Area […]
CRIO at the MBA Insurance Conclave in Chicago, IL
For the second time, Dan Freudenthal, President at CRIO, was invited to present on the topic of flood at the Mortgage Bankers Association’s (“MBA”) Insurance Conclave, which was held on September 20th in Chicago, IL. The audience included over 50 risk management professionals from […]
Flood Zone Correction Saves Outlet Mall $50K on Annual NFIP Premiums
Our client is a real estate development company that holds a portfolio of internationally-recognized residential and commercial properties in the United States and Canada. Last year, our client built an outlet mall with 23 buildings. Prior to beginning construction, the […]
Premium Reduction Service Increases Self-Storage Property Value
One of the nation’s leading self-storage companies owned a property in Texas with 8 buildings, where the NFIP flood insurance premiums were $52,014 for the 8 NFIP policies. The client desperately sought a solution that would decrease its flood insurance […]
Major Coastal Flooding Is Expected Along Jersey Shore
As a powerful winter storm aims at the Northeast this weekend, forecasters predict severe coastal flooding is likely to be among the worst on record along the Jersey Shore. According to the Coastal Flood Watch Warning issued by the National […]
April 1, 2016 NFIP Program Changes
While at first glance, April 1, 2016 NFIP changes appear to be minor, they are significant enough for you to take note of them. Upcoming changes bring premium and fee increases, a new rating methodology for both Preferred Risk Policies […]
Tropical Storm Erika Aims at Florida
The fifth named storm of the 2015 Atlantic hurricane season – Tropical Storm Erika – has Florida and other areas in the southeastern United States in its sights. While predicting a hurricane’s precise track and severity four or five days […]
NFIP November 1, 2015 Program Changes Will Affect Business Structures
The Biggert Waters Act of 2012 (BW-12) requires FEMA to phase out Pre-FIRM (“subsidized”) rates on Non-Residential buildings used for business purposes. Starting November 1, 2015, the following changes will take effect, which will substantially increase insurance premiums on Non-Residential […]
Flood Zone Correction Adds $2.5 Million to the Value of 2 Regional Shopping Malls
Our client, a publicly traded REIT, had two large Southeastern US shopping malls in its portfolio that standard flood zone determinations indicated to be within FEMA-designated Special Flood Hazard Areas (SFHA), which include flood zones beginning with letters A or […]