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The Flood Insurance Landscape

By News | Categories: Firm News | Share May 2014

Given the recent changes to both federal and state law regarding flood insurance, which both have a particularly acute impact in Pinellas County, partners Dennis Ruppel and Will Conroy presented a seminar with these key points to consider:

  • Florida has almost 40% of national flood exposure
  • Pinellas County has more than 140,000 flood insurance policies
  • Relief in Flood Insurance Affordability Act (FIAA) of 2014 almost exclusively for primary residences
  • Premiums on gradual climb to full risk-premium
  • Re-insurance market for flood still years away

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