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...
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 US history, second...
On April 1st, Risk Rating 20 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 20 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...