Federal Banking Agencies Issued Final Rule Effective July 1, 2019 on the Acceptance of Private Flood July 1, 2019 was a big day in the flood insurance world that will benefit private flood carriers, lenders and property owners who want […]
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 […]
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 […]
Navigating the Claims Process
Navigating your claims process often seems like a daunting task. However, it doesn’t have to be, if you are aware of a few policy aspects that require vigilance. As your claims advocate, we ensure that the carrier abides by its […]
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 […]
Americans With Disabilities Act (ADA) – Service Dogs
In the last several years, the use of service dogs has increased. The “service” dogs, more commonly referred to as “guide” dogs, are most often recognized as those dogs who are trained to assist the visually or hearing impaired. However, […]
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 […]
Cyber Liability Protection
Until relatively recently, it appeared that data breach “situations” were limited to the Health Care industry (in August, Community Health Systems revealed that it had experienced a theft of 4.5 million medical records, including social security numbers), retail industry (Home […]
New Florida Information Protection Act
A new Florida law – The Florida Information Protection Act (FIPA) – took an effect on July 1, 2014. The new law requires companies to take reasonable steps to protect and secure data containing personal information in electronic form. The […]
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, […]