Rising seas haven’t flooded us out yet, but they’re already wreaking havoc in a batch of ways on flood insurance, property insurance, mortgages, property values, beach health and more. Sea-level rise isn’t an approaching problem; it’s a right-now problem.
Neptune Flood, Acadian Managers to Offer Flood Insurance in Louisiana February 8, 2021
Neptune Flood, an AI-driven flood insurance company, has partnered with Acadian Managers (Acadian) to offer flood insurance coverage through Acadian’s network of independent agents to homeowners throughout Louisiana.
Acadian is a general agency providing property coverage through State National Fire Insurance Co., Ocean Harbor Insurance Co., and a Lloyd’s of London market underwritten by Chubb Ltd. Acadian’s online platform allows agents to quote and bind property coverage within minutes for most customers.
The Neptune Flood policy meets all the rules for bank mandatory acceptance and has optional enhancement coverage that the National Flood Insurance Program (NFIP) doesn’t have such as coverage for temporary living expenses, unattached structures, pool repair and refill and more.
Improvements Bringing Down Flood Insurance Rates in Cedar Rapids, Iowa By Marissa Payne | February 7, 2021
When Iowa’s Cedar River flooded over 10 square miles of the city in 2008, few property owners had flood insurance slowing recovery for residents and business owners as they waited for resources from the federal government.
In 2010, city officials set out to change that by beginning the process to participate in the National Flood Insurance Program’s Community Rating System, administered by the Federal Emergency Management Agency. The city’s participation in the program means residents who buy flood insurance receive lower premiums for their homes or businesses.