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 →
The Homeowner's Handbook 4th ed. with new and in depth information is available in print and online now! Learn how you can prepare for natural hazards.
What needs to be disclosed? What should you know about flood risk and flood insurance?
Residents and businesses on the Big Island will be paying less for flood insurance, according to the Federal Emergency Management Agency (FEMA). Hawai'i 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 →
WASHINGTON (Oct. 7, 2019) — A recent survey (PDF) commissioned by the National Association of Insurance Commissioners (NAIC) found that about half of Americans (51%) don't know that homeowners insurance does not cover damage/loss caused by a flood event. The survey, conducted online by The Harris Poll among over 2,000 U.S. adults age 18+, found... Continue Reading →
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 Hawai'i Independent Insurance Agent Association (HIIA), Executive Director, Chenise... Continue Reading →
Don't let water damage rain on your parade. If you own or rent a home, here's what the Hawai'i DCCA Insurance Division says you need to know about flood risk. We’ve got plenty of both, but it’s not all sunshine and rainbows in the 50th State. There’s also rain, and flooding from a heavy downpour... Continue Reading →
By Christine Donnelly, Star Advertiser https://twitter.com/Hawai'iFloodPlan/status/1141135620883922946
According to a recent national survey sponsored by National Association of Insurance Commissioners (NAIC), 41% of Americans agree or strongly agree that flood insurance is a "good idea," yet only 17% say they have purchased flood insurance. (Federal Emergency Management Association (FEMA) estimates that only about 3% have flood protection.) One of the reasons NAIC... Continue Reading →
Are you preparing for Hurricane Season? Thinking about getting flood insurance? Well you may want to call your agent ASAP. WHY? This afternoon, Congress approved a 2 week extension (until June 14) of the National Flood Insurance Program (NFIP), which was set to expire and required reauthorization by 11:59 PM EST tomorrow (May 31, 2019)... Continue Reading →
