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Agency Flood Resources at Flood Risk Orlando – Business Insurance Masterclass

Agency Flood Resources was honored to present at the inaugural Business Insurance masterclass – Flood Risk Orlando. This one-day conference was held on March 23, 2017 in Orlando, FL and featured leading insights in flood risk and insurance from national experts and regional thought leaders. The…

Flood Zone X – Not as Safe as You Think

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 the U.S. Army Corps of…

Clear Communications and the FEMA Letters on Flood Risk to NFIP Policyholders

The Homeowner Flood Affordability Insurance Act (HFIAA) requires FEMA to clearly communicate full flood risk determinations to individual property owners (Section 28, Clear Communication of Risk). Therefore, starting January 2017, NFIP policyholders will be receiving the letters directly from FEMA as notification that a review…

Freddie Mac’s Guide Bulletin Highlights Changes to Flood Insurance Requirements for Multifamily Properties

Recently, Freddie Mac published a new Bulletin for the Multifamily Seller/Servicer Guide that addresses some flood insurance requirement changes for multifamily properties. This includes revisions to their flood insurance requirements, as well as an update on maximum deductible allowance to reflect current market conditions. Changes are…

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 mapped into the Special Flood…

New FEMA Flood Maps for Harris County, TX

New FEMA flood maps take effect January 6, 2016 for Harris County, Texas. The new FEMA flood maps negatively impact more than 14,000 properties by placing either the entire property or a portion of the property into a Special Flood Hazard Area (SFHA: A and…

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 and the Carolinas beginning this…

Presenting at the MBA Insurance Conclave 2016

Agency Flood Resources was once again honored to present 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 commercial lending and loan servicing organizations as well as from life…

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 experts view this time of…

Are You Ready For 2016 Atlantic Hurricane Season?

Since June 1st marked the beginning of the Atlantic Hurricane Season that will run through November 30th, we look at the predictions and focus on how to improve how you insure your clients’ hurricane and flood risk. This hurricane season has already gotten off to…

Three Key Elements of the New Flood Insurance Bill

The U.S. House of Representatives unanimously passed H.R. 2901, known formally as the Flood Insurance Market Parity and Modernization Act, by a vote of 419-0 last Thursday. This is a very positive development for insureds, insurance agents and insurance carriers, because it provides much needed…

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 fell on Monday alone, as…

AFR Introduces Flood Zone Determination Service

Agency Flood Resources (AFR) is proud to announce the launch of an innovative and superior flood zone determination service that is designed to deliver results that are more accurate and more timely than the results of other flood zone determination providers. Our unique service is…

Flood warning: Major coastal flooding is expected along Jersey Shore this weekend

As a powerful winter storm aims at the Northeast this weekend, forecasters predict severe coastal flooding is likely to be among the worst on record along the Jersey Shore. According to the Coastal Flood Watch Warning issued by the National Weather Service (NWS) earlier this…

April 1, 2016 NFIP Program Changes Bring Premium Increases, a New Rating Methodology and Transparency in Communications

While at first glance, April 1, 2016 NFIP changes appear to be minor, they are significant enough for you to take note of them. Upcoming changes bring premium and fee increases, a new rating methodology for both Preferred Risk Policies (PRPs) and Property Newly Mapped…

AFR Private Market Flood Program – Best Alternative to the NFIP

The Biggert-Waters Act of 2012 calls for private insurers to enter the flood marketplace to provide alternatives to NFIP insurance. We offer an exclusive private market flood insurance program designed specifically for companies that have flood coverage through their master property insurance policy as an…

Protect Your Clients and Your Agency Against El Niño

Earlier this year, the National Oceanic and Atmospheric Administration (NOAA) predicted that the 2015-2016 El Niño would be among the three strongest since 1950. NOAA was correct. We have already seen devastating floods caused by the El Niño weather pattern in several parts of the…

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…

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 buildings used for business purposes.…

Agency Flood Resources at Advisen’s 2015 Property Insights Conference – New York

This week Agency Flood Resources, Inc. (Agency Flood Resources) will be participating at Advisen’s 4th annual Property Insights Conference in New York City that takes place on June 4, 2015. The event is expected to bring together over 350 risk management and insurance professionals. Dan…

Hurricane season is here. Let us minimize your E&O exposure.

Today, June 1st, marks the beginning of the 2015 Atlantic hurricane season. Agency Flood Resources is poised and ready to assist you with performing a thorough flood risk analysis on your clients’ buildings and reviewing policy language to determine if you have sufficient flood insurance…

Know Your Clients’ True Flood Risk

The recent flood events in Texas and other parts of our nation remind all of us that it does not take a Superstorm Sandy or a Hurricane Katrina to cause a wide spread catastrophic damage to homes and buildings. All of these events reinforce the…