Protect your property and your valuables. Tips to prepare for Hurricane Douglas.
Hurricane Season is Upon Us. Are you Prepared?
NOAA’s Central Pacific Hurricane Center announced on May 22nd that there is a 70% chance of above-normal tropical cyclone activity this hurricane season for the central Pacific. In just about a week, on June 1st Hawai'i’s Hurricane Season will begin and run through November 30th. If you haven’t already prepared, now is the time. Don't... Continue Reading →
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 →
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 Hawai'i 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 →
Are we at the end of the line for the National Flood Insurance Program Reauthorization?
It is a question that is being asked by many experts in the field, flood insurance policy holders, federal and state employees that are directly affiliated with FEMA and NFIP. It is nothing new. Sadly, the potential for lapse has become increasingly common, with six short-term extensions of the program and two brief lapses... Continue Reading →
Locking in peace of mind
It's Monday and that means our weekly "Good to Know" article. It doesn't matter, if it's hurricane season or rainy season, it is always good to be prepared and to have that peace of mind, when it comes to having your home safe and secure against any potential natural phenomenon. Each year, it seems, we... Continue Reading →