“Who lives in a flood zone?” asked the instructor at an educational session I attended. Unless you live in an Ewok treehouse on the forest moon of Endor, it’s safe to say that there’s a possibility of your house flooding. And with changes to the planet’s climate, weather events like floods are occurring with more severity and frequency and in areas beyond coastal regions.
The Arbella Insurance Group promoted Michelle DiPietro to director of Arbella’s Contact Centers. In 2014, she was promoted to her most recent position as Claim Service Center manager.
He joins Neptune Flood from CDW, a Fortune 500 technology solutions provider, where he served as International Client Strategy Manager, overseeing a team responsible for cross border technology sales.
Eckstein joins Neptune Flood from Fortune 500 technology solutions provider, CDW, where he sold software and hardware directly to some of the largest companies in the United States before being promoted to International Client Strategy Manager overseeing a team responsible for cross border technology sales. He is a graduate of CDW’s prestigious Emerging Leaders Program and completed CDW’s Sales Leadership Academy.
Leading InsureTech Company Achieves Milestones of: Profitability, 20,000+ Clients, Patent Filing and Expanded Service to 38 States in First Two Years of Operation
While few carriers are in the flood insurance market, Neptune Flood Insurance sees opportunity. Most of the market is covered by the National Flood Insurance Program, but founder and CEO Jim Albert said he saw a serious coverage gap that a nimble startup could help fill.
The Federal Emergency Management Agency delayed the release of its “Risk Rating 2.0” plan, which would rate homes’ flood risk more precisely than current models. It will now go into effect in October 2021.
An estimated 62 million homes should have flood insurance. But only 5.1 million do. With coverage as low as $1 per day, logic, not laws, should prevail. In this photo, floodwaters from Tropical Depression Imelda surround a home in Winnie, Texas. (Brian Hawthorne/Chambers County Sheriff’s Office via AP)