The third hurricane of the Atlantic Season – Hurricane Joaquin – has captured everyone’s attention this week. Although it is expected that the center of Joaquin will stay offshore, several East Coast states including the Carolinas and Virginia are in […]
Portfolio Review Helps Prevent $500K Uninsured Flood Loss
Our client, one of the nation’s leading multifamily companies, has utilized our flood zone correction service for many years to correct inaccurate high-risk flood zone determinations. After experiencing that more than 50{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} of their high-risk flood zone determinations were wrong, they […]
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 […]
CRIO at Advisen’s 2015 Property Insights Conference – New York
This week CRIO, Inc. (CRIO) will be participating at Advisen’s 4th annual Property Insights Conference in New York City that takes place on June 4, 2015. The event is expected to bring together over 350 risk management and insurance professionals. Dan Freudenthal, […]
Are You Properly Insured for Named Wind and Flood?
Today, June 1st, marks the beginning of the 2015 Atlantic hurricane season. For those of you with buildings in areas susceptible to damage from wind and/or storm surge resulting from tropical storms and hurricanes, your named windstorm and flood coverages […]
Flood Map Revision Service Reduces Annual Flood Insurance Premiums by 96{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} – Coastal Condominiums, Alabama
Our team has completed a flood map revision project for a 143-unit condominium association with one luxury high-rise condominium building located on the beach in Baldwin County, Alabama, with a replacement cost in excess of $41 million. According to FEMA’s […]
April 1, 2015 NFIP Changes
Effective April 1, 2015, the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA) requires the following changes to all NFIP policies. The changes will affect the total amount a policyholder pays for a flood insurance policy, and will include implementation of […]
Flood Matters! CRIO at the ICSC CenterBuild Conference
CRIO participated at the annual two-day CenterBuild Conference – the premier retail design and construction event organized by International Council of Shopping Centers (ICSC) – that was held on December 3-5, 2014 in Phoenix, AZ. Event attracted over 1000 best in class developers, […]
HFIAA Premium Refund Issuance Begins
As a result of the Homeowners Flood Insurance Affordability Act (HFIAA), which repeals aspects of the Biggert Waters 2012 (BW12) premium increases, refund checks have begun to be issued for eligible policies. Unlike typical National Flood Insurance Program (NFIP) refunds that […]
CRIO at MBA’s Commercial & Multifamily Real Estate Finance Insurance Conclave
This week CRIO, Inc. (“CRIO”) participated in Mortgage Bankers Association’s Commercial and Multifamily Real Estate Insurance Conclave, which was held on September 16th in Overland Park, Kansas. The audience included about 50 insurance professionals from commercial lending and loan […]