The digital flood insurance company Neptune Flood has announced a commitment to help combat climate change within the company. The company is also calling on the insurtech sector to become the first industry to achieve sector-wide carbon neutrality.

In the complex and often confusing world of flood insurance, it can be difficult for homeowners to know whether they should buy policies through the federal government or from a private company. But with changes to the National Flood Insurance Program expected to push up premiums for many, the private market is gearing up for a possible mass migration to their services.

AI-driven flood insurtech Neptune has partnered with National Automotive Programs, a Texas based specialty insurance broker.

Jumpstart, a licensed surplus lines insurance broker selling online and using Lloyd’s capacity, began offering earthquake insurance in California in 2019 in the form of a parametric product, with payments linked to a formula and based on U.S. Geological Survey earthquake measurements.

TAMPA (WFLA) – Flood insurance rates are set to increase for new policies on Oct. 1 as the Federal Emergency Management Agency implements a new risk rating system.

FEMA’s National Flood Insurance Program (NFIP) is set to launch its new rating methodology Risk Rating 2.0 on October 01. The caveat is that many in the flood insurance space are waiting with bated breath to figure out if the US government shutdown will take place tomorrow (September 30).

It was a perfect storm — and it’s happening all too often. Take a Category 4 hurricane, slam it against the country real hard, throw in some warm water from the Gulf of Mexico and the Atlantic Ocean and heat it up with global warming — and you have a storm that pummeled the New York area with record rainfall and flooding.

Much has been written about the coming end of the traditional agent channel as the primary means of purchasing insurance.

The private flood insurance market has been working towards customizing coverage and simplifying claim processing for both high and low risk clients; and, according to two experts, the National Flood Insurance Program (NFIP) may be struggling to keep up.

Trevor Burgess, President and CEO of Neptune, discusses the challenges in obtaining equitable rates and talks about the most common myths around flood insurance.

Trux partnered with Boston-based CLEAN, which supplies an built-in insurance coverage platform, to supply a simplified insurance coverage onboarding and renewal program for truck drivers.

In Episode 4 of Season 2, I sit down with the owner of Neptune Flood, Jim Albert. Jim takes me through the process of how he started his business, his biggest challenges and talks about his passion for St. Pete!