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Information on Adding your Name to the Roster
 

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Roster Notice

Please Note:
If you are adding your name to the Roster please check the "Listing Manager" first for an existing listing.   If you see your name in the "Listing Manager" then use the pencil icon next to your name to edit\update the information if needed.   The "Listing Manager" is next to the "Add New Listing" button on the Roster page. Please see the first image in the article below for an example of what you will see.  If you do not see a listing then use the "Add New Listing" to add your name to the Roster.

FEMA Projects Up to $3.5 - $5.3 Billion in Hurricane Ian Flood Insurance Claims Payments

From a FEMA News Article:
Release Date:
November 10, 2022

WASHINGTON -- As of Nov. 10, the National Flood Insurance Program (NFIP) has received more than 44,000 flood claims from Hurricane Ian and has paid nearly $437 million to policyholders.

FEMA’s initial estimate projects Hurricane Ian could potentially result in NFIP claims losses between $3.5 - $5.3 billion, including loss adjustment expenses. The losses include flood insurance claims received from five states, with the majority of claims coming from Florida.

The agency based the initial estimate on several data points. These include policy information, daily reports of claims and payments made, significant historical events patterns of reported claims and payments, current economic conditions and claim adjuster observations.

NFIP Adjuster Fee Schedules – Fiscal Year (FY) 2023 Revision

NFIP Adjuster Fee Schedules – Fiscal Year (FY) 2023 Revision

This information and the attachment is from the NFIP Write Your Own (WYO) Bulletin W-22001 issued 8/9/2022

"FEMA is pleased to announce the release of the 2023 NFIP Adjuster and Increased Cost of Compliance (ICC) Fee Schedules.

Federal regulation requires fee schedule revisions to align with a new FY WYO Financial Arrangement. The FY2023 Arrangement will be effective October 1, 2022; therefore, the 2023 NFIP Adjuster and ICC Fee Schedules will apply to claims with dates of loss on or after October 1, 2022. FEMA is providing the notice well in advance to allow WYOs and the NFIP Direct time for system updates.

 

ALABAMA SURVEY ON PRIVATE FLOOD MARKET PROMPTS LEGISLATION TO ENCOURAGE INSURER PARTICIPATION

ALABAMA SURVEY ON PRIVATE FLOOD MARKET PROMPTS LEGISLATION TO ENCOURAGE INSURER PARTICIPATION

Alabama Department of Insurance (ALDOI)

The Alabama Department of Insurance (ALDOI) released results of a survey taken to understand the private flood insurance market in the state. The ALDOI commissioned Milliman, Inc. (Milliman), a premier global consulting and actuarial firm, to survey flood insurance industry stakeholders and understand their concerns and perspectives around writing private flood insurance in Alabama, and ways to overcome regulatory, technical, and consumer-focused challenges.
 

S.C. Private Flood Insurance Act Enacted, Aims to Make Flood Insurance More Accessible

S.C. Private Flood Insurance Act Enacted, Aims to Make Flood Insurance More Accessible

Source: SC DOI Press Release

From the September 30, 2020 Press Release

"Columbia, S.C. – Monday, Governor Henry McMaster signed the South Carolina Private Flood Insurance Act into law (S. 882). This Act aims to foster innovative flood insurance coverage in South Carolina, allowing insurers the ability to test products in the market and offer consumers greater choice for flood insurance coverage. "

NFIP Claims Manual with effective date 10/2021

NFIP Claims Manual with effective date 10/2021

This manual improves clarity of flood insurance claims guidance to NFIP Write Your Own (WYO) companies, flood vendors, flood adjusters and examiners, so that policyholders experience consistency and reliability of service. 

Source: FEMA Website

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