FEMA Continues its Reinsurance Program to Manage Flood Risk

Continuing its risk management practice against future catastrophic flood losses, FEMA announced its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP). Reinsurance is a financial risk management tool used by private insurance companies and public entities to protect themselves from large financial losses. If a qualifying catastrophic flood event occurs, the reinsurance... Continue Reading →

Kauai Residents Invited to Comment on Preliminary Flood Maps

Members of the public are invited to review preliminary flood maps showing updated flood hazard data for Hanapepe, Moloaa, and Waimea. The Federal Emergency Management Agency is updating the Flood Insurance Rate Map (FIRM) for Kauai County.  Preliminary map panels identify current flood hazards and provide accurate information to help residents and businesses take actions... Continue Reading →

CRS Improvements Result In Big Savings

Residents and businesses on the Big Island will be paying less for flood insurance, according to the Federal Emergency Management Agency (FEMA). Hawaii County has earned a Class 7 community rating from FEMA’s National Flood Insurance Program (NFIP) as of October 1, 2019.  As a result, current and new policyholders save 15 percent on the... Continue Reading →

Mahalo FEMA RIX and HIIA

A Big Mahalo to FEMA Region IX Flood Insurance Specialist, Edie Lohmann for taking time away from her busy schedule to lead a Flood Insurance Workshop here in Honolulu this past August for our local insurance agents, realtors, and lenders. Much Aloha also goes out to Hawaii Independent Insurance Agent Association (HIIA), Executive Director, Chenise... Continue Reading →

The Benefits of Flood Insurance Versus Disaster Assistance

Only flood insurance covers flood damage. Without it, your recovery options are limited and costly. Your recovery will depend on your savings, your line of credit or the hope that a federal disaster declaration may make State/Federal disaster-related grants and/or U.S. Small Business Administration low-interest loans available.If you live in a Special Flood Hazard Area... Continue Reading →

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