BIA Home Building & Remodeling Show, Honolulu 2019

Please join us at this years BIA Home Building and Remodeling Show at Neal S. Blaisdell Exhibition Hall. The show starts January 25 and ends January 27. Our DLNR Flood and Dam Section will be set up at booth #725, educating homeowners on their flood zone and flood risk.  Stop by and say hi.

National Flood Insurance Program: Re-authorization UPDATE 2019

Congress must periodically renew the National Flood Insurance Program’s statutory authority to operate. On December 21, 2018, the President signed legislation passed by Congress that extends the National Flood Insurance Program’s (NFIP’s) authorization to May 31, 2019. NFIP re-authorization is an opportunity for Congress to take bold steps to reduce the complexity of the program... Continue Reading →

FLOOD AFTER FIRE

Wildfires change the landscape, destroying root structure and creating top soil that could repel water instead of absorbing it. Debris flows and mudflows can occur up to five years after a wildfire. Debris flows can take homes off their foundations and can carry things like vegetation, trees, large boulders and vehicles. Mudflows on the other... Continue Reading →

Insurance against Extreme Events: Pairing Short-Term Incentives with Long-Term Strategies

Why do insurance companies classify certain types of risk as uninsurable? And why do insurance regulators prohibit insurers from setting premiums that reflect risk, particularly in locales that repeatedly suffer losses from natural disasters? The short answer is that insurance today is misunderstood and hence is not effectively meeting its most important objectives—to inform those... Continue Reading →

Do you live in a “Flood Zone”?

The answer is “YES”. Every property in Hawaii has a flood zone designation. It may not be in a high-risk flood zone (A or V zones) that would require mandatory flood insurance purchase as a condition of a federally regulated loan, but it doesn’t mean that flooding is not possible. In fact, 20% flood insurance... Continue Reading →

Is your home required to have flood insurance FOREVER?

Oftentimes a potential buyer is looking for that certain something special when shopping for a new home or investment property. As a buyer, it is important to fully understand the financial obligation of such a huge commitment. Sometimes that commitment includes a buyer’s acceptance of the property’s increased risk from certain naturaldisasters such as being... Continue Reading →

The 100-Year Flood

Chances are we are not prepared - or at least not as much as we could be - for the occurrence of a natural disaster. Knowing the risk, acting quickly and having a plan in mind in case of a disaster can not only prevent a major damage or loss of a property, but many... Continue Reading →

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