The Realities of Self-Insurance: A Sophisticated Risk Management Assessment

With the mounting costs of homeowners and property insurance, many are considering self-insurance as a potential solution. As risk managers, we believe self-insurance can be a viable option in certain contexts, but when does it transform from a calculated decision to a hasty impulse? Before we delve deeper into self-insurance, let’s discuss when self-insurance is not a Learn More “The Realities of Self-Insurance: A Sophisticated Risk Management Assessment”

Flood Safety in South Florida

Almost anywhere it rains, it can flood, especially in South Florida. Even if you live in an area of that you think isn’t at risk, preparation is just as critical as with other types of emergencies. Before we get into how you can prevent, limit or react to flooding, it’s important to note that flood Learn More “Flood Safety in South Florida”

Flood Insurance Policy Changes

Since the 1970’s Flood insurance rates have been calculated based on criteria that do not accurately account for flood risk. Rates have previously been based on a Flood Insurance Rate Map (FIRM). These maps were developed in 1968 when the National Flood Insurance Program (NFIP) was enacted. Prior to the development of the NFIP, flood Learn More “Flood Insurance Policy Changes”