CRIO Group presented at the annual two-day AON Benfield MGA and Program Solutions Roundtable that was held on May 6-7, 2014 in Chicago, IL. Event attracted nearly 100 best in class MGAs, strategic carriers and insurance executives that gathered to […]
Phase I Implementation of HFIAA
The NFIP continues to implement BW12 changes on pre-FIRM policies that will affect policyholders. On April 15, 2014, the NFIP released a bulletin confirming that Phase I Implementation of Homeowners Flood Insurance Affordability Act (“HFIAA”) will begin on May 1, […]
Premium Reduction Service Reduces Annual Flood Insurance Premiums by 75{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} for a Large Shopping Mall
A large commercial real estate company owned a retail plaza with one large building that consists of several units occupied by different stores. The building was insured with six different NFIP flood policies representing total premiums of $24,648 for this […]
Flood Zone Correction Increases Commercial Multifamily Property Value by $1.5M
A large real estate asset management and advisory company with 16 multifamily properties 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 […]
Premium Reduction Increases Multifamily Property Value By $2.4M
A large multifamily real estate company owned a large apartment complex with 29 buildings, where the NFIP flood insurance premiums were $222,434 for 29 flood insurance policies. The high cost of flood insurance resulted in the property operating with a […]