NFIP Update - Biggert-Waters (BW12) Flood Reform Act of 2012

Wright Flood

Wright Flood has been on top of the major changes to the NFIP as a result of the Biggert Waters Flood Reform Act of 2012. We are happy to share some of Wright's resources to help make sense of this legislation.

Useful materials

Wright/J.E. Brown Webinar Slides July 10, 2013

Summary of Ocober 1, 2013 NFIP Changes

Pre-FIRM SFHA Rating Guide effective October 1, 2013

CSE SPInn - Important Workflow Changes

CSE

Great News! Effective 1/28/13, CSE has changed the workflow for new business processing in SPInn. You can now submit your new business to JE Brown within the CSE SPInn system much more efficiently. We have created a short video demonstration to see how these changes will impact you. It is important that you watch this video so that you can process your CSE business effectively.

If you use the CSE SPInn system, please watch this video as soon as possible.

A Minute with Michael

Well, the first EIP-OC event is in the bag! It went off without a hitch, and we are so grateful to our sponsors. With nearly 100 attendees, we exceeded our goal for kicking off the new EIP chapter. Perhaps the most impressive aspect of the event for me, was the fact that people stayed ‘til the end. People seemed to be really enjoying themselves and engaging in great dialogue. Our speaker Jenni Nering did a wonderful job with a topic utterly germane to our event –Networking. Pictures and more information can be found on the EIP website.

Important Update - American Modern Late Payment Procedure Changes

AMIG

To update an earlier message that was inaccurate - American Modern WILL consider policies with a lapse in coverage and we CAN rewrite Mobile Home policies that cancel for non-payment.

American Modern has instituted a 7 day grace period for late payments on all product lines. The system will no longer allow a late payment to be applied on any product after 7 days. The only exception is Leinholder billed accounts which will receive a 15 day grace period.

American Modern Mobile Home - Photo Requirement Lifted

AMIG

Most of you are familiar with the "undo" button on our computers... consider this an "undo" of the Underwriting Update we sent last month on this subject.

After further consideration, American Modern will no longer be requiring photos as previously outlined for Manufactured Homes.

Just to give you some background, the original reasons for the change were concerns around older Mobile Homes and also concerns about Mobile Homes with possible prior unrepaired damage. American Modern was trying to take measures to ensure their Mobile Home product remained healthy.