flood Archives - Setnor Byer

14 Oct 2021 Hasn’t Broken Record for Most Billion-Dollar Climate Disasters (Yet?)

Posted at 20:18h in 2021, Commercial Insurance, Flood Insurance, hurricane season, Personal Insurance

By Anita Byer, Setnor Byer Insurance & Risk Did you know that the U.S. experienced 308 billion-dollar weather and climate disaster events since 1980? According to the National Oceanic and Atmospheric Administration, the total cost of these events exceeds $2 trillion. Since 1980, the U.S. averaged...

03 May How Will the NFIP’s New Pricing Model Affect Your Flood Insurance Premiums?

Posted at 19:27h in Commercial Insurance, Flood Insurance, Personal Insurance, Risk Management

Are you ready for Risk Rating 2.0? The National Flood Insurance Program (NFIP) is rolling out the first major update to its rating and pricing methodology in 50 years. This is a big deal because the NFIP provides about $1.3 trillion of flood insurance coverage...

27 Jul Grandfathered Flood Insurance Premiums Can Be Locked-In Indefinitely, But Time is Running Out

Posted at 18:27h in Commercial Insurance, Personal Insurance, Safety

The Federal Emergency Management Agency is in the midst of a multi-year initiative to update flood zone maps in more than 20,000 communities nationwide. Current maps need updating to more accurately reflect the risk of flooding. Flood hazards change over time and maps in some...

29 Oct Mother Nature Doesn’t Read Flood Zone Maps

Posted at 13:46h in Personal Insurance, Safety

Is your home in a flood zone? You can easily find out by looking at a map of your state. If your house is located anywhere on that map, it’s in a flood zone. It’s true. Just look at the flooding caused by Hurricane Harvey...

14 Mar 8 Ways to Protect Your Home from Flooding

Posted at 18:09h in Personal Insurance, Risk Management, Safety

Flooding has become a serious threat to both coastal and inland areas, especially in Florida. Learn 8 important ways to protect your home for flooding.

09 Jan Insurance Premiums — 2018: Following one of the Costliest Catastrophic Years

Posted at 17:37h in Commercial Insurance, Personal Insurance

While it is yet too early to know the ultimate cost to the United States property/casualty insurance sector for 2017’s catastrophic losses, experts are in agreement that the storm, fire and flood events could cost US insurers as much as 100 Billion – making 2017...

18 Oct Lessons from Hurricane Irma

Posted at 16:58h in Commercial Insurance, Personal Insurance, Risk Management, Safety

Hurricane Irma was an unprecedented storm that affected literally everyone in Florida. Most of us were either expecting or experiencing a direct hit. All of us were given at least a glancing blow. Even though the mess remains and recovery efforts are ongoing, it’s not...

22 Sep Does Florida’s Hurricane Irma Emergency Order Affect You?

Posted at 17:10h in Personal Insurance, Safety

Hurricane Irma was as big as it was powerful. After making landfall in the Florida Keys, Irma continued on a path of destruction across the entire state. Irma left an unprecedented number of Floridians with storm-related residential property damage. This means a lot of you need...

09 Mar Does Homeowners’ Insurance Cover Damage Caused by a Meteorite?

Posted at 14:09h in Personal Insurance, Risk Management, Safety

Nearly 95 percent of homeowners have some form of homeowners’ insurance. Most have a basic understanding about their insurance policies. But, a survey by the Insurance Information Institute revealed that many homeowners have significant knowledge gaps about what is and what is not covered by...

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