In California, only about 230,000 homes and other buildings have flood insurance policies, which are separate from homeowners insurance. That means only about 2% of properties are covered against flooding.

The wave of storms battering California are far from over, and it’s too early to calculate the cost of damage to homes and businesses overwhelmed by floodwaters.

Many Florida homeowners may wonder, “Do I need flood insurance?” While homeowners are usually fully aware that they need homeowners insurance to protect their homes in the event they are damaged or destroyed, they may not know that traditional homeowners insurance alone does not cover damage caused by flooding.

Neptune Flood, the largest private flood insurance company, today announced the results of its third annual Neptune Consumer Survey of Flood Awareness, conducted in partnership with the University of South Florida Customer Experience Lab – St. Petersburg.

Arbol Inc. delivered a $10 million reinsurance payout to Tampa-based Centauri Insurance within three weeks after Hurricane Ian, which is fast for the insurance industry.

Florida's homeowners shell out thousands, even tens of thousands, for property insurance to protect themselves from fierce storms like Hurricane Ian.

Neptune Flood announced that Matthew Duffy joined as chief risk officer. He served multiple roles at Bank OZK and its predecessor C1 Bank as enterprise risk officer and ultimately as executive vice president, director of enterprise technology solutions.

Neptune Flood’s new chief risk officer, Matt Duffy, says the insurance industry is ready for a major update in the way it calculates risk.

Bold Penguin is an integrated digital solution platform dedicated to simplifying small commercial insurance.

Bold Penguin has partnered with Neptune, the largest private flood insurance company for U.S. small businesses, enhancing coverage options on The Bold Penguin Terminal through this carrier panel expansion.

Bold Penguin Inc. said Wednesday users of its online platform will be able to secure flood coverage with Neptune Flood Inc., which provides private flood insurance for U.S. small businesses.

As the state and country tried to process the destruction of Hurricane Ian in the immediate aftermath of the storm’s trek across Florida, Trevor Burgess, CEO of Neptune Flood, was a popular interviewee. He made appearances on CBS News’ national morning newscast and WFLA, NBC’s local affiliate in Tampa, in addition to being quoted in the Wall Street Journal, among other publications.