Communities depend on dams, levees and floodwalls to minimize the risk of flooding. Nationwide, the number of dams built for the purpose of flood control is as high as 16,179, along with approximately 22,000 levees and 15,000 floodwalls, according to […]
April 1, 2017 NFIP Program Changes Bring Further Premium Increases
April 1, 2017 NFIP changes comply with the requirements of the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12) and Homeowners Flood Insurance Affordability Act of 2014 (HFIAA). The changes bring further premium increases and rating clarifications on properties newly […]
Hurricane Matthew Is On It’s Way
Last night, the trajectory of Hurricane Matthew shifted to the west, according to the advisory of the National Hurricane Center. This means that according to the current models Hurricane Matthew is expected to skirt along the east coast of Florida […]
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 […]
Into the Peak of the Hurricane Season
Although the Atlantic hurricane season officially began on June 1st, the hurricane activity peaks from mid-August through mid-October – a period commonly referred to as a “season within the season”, according to the National Oceanic and Atmospheric Administration (NOAA). Weather […]
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 […]