For the second year in a row, CRIO has participated in Advisen’s Annual Property Insights Conference that took place in New York City on June 9, 2016. The event brought together over 350 risk management and insurance professionals that gathered […]
Are You Ready For 2016 Atlantic Hurricane Season?
Since June 1st marked the beginning of the Atlantic Hurricane Season that will run through November 30th, we look at the predictions and focus on how to improve how you insure your hurricane and flood risk. This hurricane season has […]
Three Key Elements of the New Flood Insurance Bill H.R. 2901
The U.S. House of Representatives unanimously passed H.R. 2901, known formally as the Flood Insurance Market Parity and Modernization Act, by a vote of 419-0 last Thursday. This is a very positive development for insureds, insurance agents and insurance carriers, […]
Flood Warning: Major Flash Flooding Hits Houston Region with More Rain to Come
As a slow-moving low pressure system is pushing from the Rockies in the nation’s midsection, torrential rainfall is causing major flash flooding in parts of southeast Texas. The Houston area is particularly affected, witnessing over 17 inches of rain that […]
CRIO Introduces Flood Zone Determination Service
CRIO is proud to announce the launch of an innovative and superior flood zone determination service that is designed to deliver results that are more accurate and more timely than the results of other flood zone determination providers. Our unique […]
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 […]
Premium Reduction Service Reduces NFIP Flood Insurance Premiums by $55K
Our client, a large condominium association, was looking for ways to reduce their insurance premiums. The NFIP flood insurance premium on the 48 buildings was approximately $160,000. This was 45{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} of the condominium association’s total insurance budget of $350,000. That […]
Protect Your Assets Against El Niño
Earlier this year, the National Oceanic and Atmospheric Administration (NOAA) predicted that the 2015-2016 El Niño would be among the three strongest since 1950. NOAA was correct. We have already seen devastating floods caused by the El Niño weather pattern […]
CRIO Private Market Flood Program – Your Best Alternative to the NFIP
The Biggert-Waters Act of 2012 calls for private insurers to enter the flood marketplace to provide alternatives to NFIP insurance. CRIO offers an exclusive private market flood insurance program designed specifically for companies that have flood coverage through their master […]