For the last several years, the Florida insurance market has seen significant increases in property premiums due to insurance fraud, natural disasters, and increasing reinsurance costs. Many homeowners insurance carriers have either requested massive rate increases or left the state […]
Watch Joe “Flood” Rossi on WCVB TV’s Forecasting our Future Recently, JFIB’s CEO, Joe “Flood” Rossi, was on WCVB television’s special “Forecasting our Future”. The hour-long special features segments on different climate disasters such as fires, tornados, and floods. In Joe’s […]
The Federal Housing Administration (FHA) announces they will now accept private flood insurance! FHA announced on Monday that they will start accepting private flood insurance starting December 21st, 2022. The long awaited rule from FHA will allow the many individuals […]
The 2022 hurricane season had been quiet until Hurricane Ian struck Florida on Sept. 28, 2022. With estimated insurable losses between $40 billion and $70 billion, Hurricane Ian could be one of the most expensive hurricanes in U.S. history, second […]
On April 1st, Risk Rating 2.0 began its full implementation. As more National Flood Insurance Program (NFIP) policies are written and renewed into the new rating system, it is apparent that Risk Rating 2.0 is meeting its goal of communicating […]
Biden signs extension; JFIB in the news; Webinar material Available President Biden signs extension to NFIP to December 16th. Congress passed an extension to government spending on Friday that funds the federal government through December 16, 2022 which was then […]
Joe “Flood” Rossi named Chair of IIABA Flood Insurance Subcommittee Joe Flood Insurance Brokerage congratulates our President and CEO, Joe “Flood” Rossi, on being named Chair of the IIABA, also known as the “Big I” Flood Insurance Subcommittee. This Subcommittee focuses on […]
Upstream is the proprietary flood insurance product by JFIB, created by experts to make the flood insurance experience simple for agents. With expanded coverages like $100,000 in ICC, expanded loss prevention coverages, and more, Upstream’s ability to write large and small risks […]
In late 2020, the Department of Housing and Urban Development (HUD) released its proposed rule to accept private flood insurance for Federal Housing Administration (FHA) insured loans. Currently, FHA is one of the few lending programs that does not accept […]
When FEMA announced the transformation of the National Flood Insurance Program (NFIP) with updated and modernized rating dubbed Risk Rating 2.0, questions and concerns were raised from various industries such as insurance agents and real estate professionals. As FEMA begins […]
