Despite increased risk, sales of flood policies have plummeted almost 10% – here’s why

Despite increased risk, sales of flood policies have plummeted almost 10% – here’s why

Agency Flood Resources was featured at the Insurance Business America’s publication where an award-winning news reporter Caitlin Bronson analysis the topic of flood insurance “Despite increased risk, sales of flood policies have plummeted almost 10% – here’s why “.

“We are seeing that as NFIP costs increase, people are picking up the phone, calling their agent and saying ‘What do you have as an alternative?’” said Freudenthal, who notes that the recent premium increases are the highest he’s seen in 15 years. “In the coming three years, a lot of interesting things well happen. The private flood market is about to burst.”

Read the full article here.

 
 

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