Blog - Flow Insurance Services

17 Jan Agents are Welcoming Private Flood Insurance

Posted at 15:40h in Flood by Adam Matheny

Private flood insurance is becoming more sought after, and more carriers are offering it as a result. For claims adjusters, this spells new opportunities—and perhaps a streamlining of the claims process. In fact, the number of property owners adding flood insurance policies has doubled for...

17 Jan Biggert-Waters Reform Act

Posted at 12:30h in Flood by Adam Matheny

Following the ruling, which went into effect on July 1, 2019, the FDIC, OCC, and the Federal Reserve have all updated the necessary manuals for regulated financial institutions to ensure compliance. There are four primary components to this final ruling, which we will explain in...

10 Jan Time to be Realistic About Climate Change

Posted at 12:09h in Flood by Adam Matheny

Climate change is a topic on everyone’s mind, but one of the issues that has been overlooked by far too many homebuyers is how it will affect real estate. As the oceans rise, shore side properties can find themselves prone to flooding and damage from...

07 Jan Better to be Prepared Then Sorry

Posted at 15:59h in Flood by Adam Matheny

Unfortunately killing 150 people and causing $70 billion dollars in damaged buildings and infrastructure. There was a lot of support from Governments and individuals towards the devastated communities and funds for helping rebuild and relief....

02 Jan Are Hurricanes Getting Worse?

Posted at 15:44h in Flood by Adam Matheny

When slow moving storms are hitting the Texas coast, causing large amount of area getting flooded. These storms have been noticed to shackle themselves to Houston, quite frequently, and with the continuous pavement downtown enhances it....

19 Nov Rebuilding Should Not be the Answer Anymore

Posted at 10:50h in Flood by Adam Matheny

You would think the people of the small towns of Nicholas and Rosewood would pack up their stuff and move somewhere safer after having their homes flooded out twice in the last three years. The obvious answer is don’t rebuild, move....

06 Nov Banks are Unloading Mortgages at Taxpayer’s Expense

Posted at 15:53h in Flood by Adam Matheny

A paper published in September states that if banks continue to exploit the climate-change epidemic by using it to make more money with the method of buying and selling high risk disaster mortgages to taxpayer- support entities. This will possibly cause a repeat of the...

30 Oct Rising Sea Levels Aren’t Putting the Brakes on Coastal Development

Posted at 15:20h in Flood by Adam Matheny

A recent report by the United Nations shows that even if the world succeeds in meeting the long-term goal established in the Paris Agreement, sea levels will continue to rise faster than earlier thought by the end of the century. If we don't slow down...

28 Oct Climate Change is Only Going to Get Worse

Posted at 14:47h in Flood by Adam Matheny

In a meeting with House lawmakers, environmental experts warned that the National Flood Insurance Program (NFIP) is at significant risk due to climate change and it's only likely to get worse in the future. The meeting, hosted by the Financial Services Subcommittee on National Security,...

22 Oct Coastal Seawall Means Some Protection But High Cost

Posted at 12:15h in Flood by Adam Matheny

According to a recent study, as the climate continues to heat up, rising sea levels will require 22 states to build some form of seawall or barrier. This covers over 50,000 miles (80,000km) of coastline at a cost in the billions of dollars, which comes...