Flood – Understanding and Recovering From One of Nature’s Worst Disasters
Our flood insurance industry expert panel answers your flood insurance questions. This roundtable will help you to understand which types of damages will be covered by normal flood insurance, NFIP and FEMA and who you should call to be certain you have the proper coverages in place. Replacement cost value and actual replacement value are discussed in length to prepare you for acquiring new policies as well as updating your existing ones. It is recommended you understand all aspects of your policy provisions.
Key Takeaways:[:58] What is the National Flood Insurance Program (NFIP) and why is it necessary to hold one of these policies? [2:05] If a community does not have a floodplain management plan, can a policyholder still purchase flood insurance? [3:00] Will the Federal Emergency Management Agency (FEMA) help in my recovery from a large flood disaster? [4:14] What are the guidelines for a flood insurance claim with the NFIP?
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Greg Raab, Director of Operations – Adjusters International
Greg Raab oversees personnel and quality control of management systems and processes on Public Assistance, Hazard Mitigation, and CDBG engagements. He manages staff training and professional development, and serves as project manager on various recovery, business development, marketing, and technology initiatives. As a licensed public insurance adjuster and advocate for the insured, Raab has been involved in the settlement of hundreds of property claims for municipalities, towns, school districts, not-for-profits, museums, libraries, manufacturing facilities, retail stores, restaurants, hotels, property management companies and residential clients. As a specialist in complex property damage claims, including, loss of revenue, business income and extra expense claims, he has been instrumental in helping clients recover from all types of losses including floods, fires and widespread disasters such as hurricanes.
James R. Mahurin, Risk Management Consultant and Member of The Risk Management Society
Self-employed Risk Management and Insurance consultant providing fee-for-service assistance to the insurance buyer. Perform risk management studies, independent evaluations of commercial insurance programs, conduct competitive proposal/bid process and self-insurance feasibility studies. Work experience includes projects in approximately twenty states. Litigation support and expert witness services to law firms began following the Daubert decision in 1993. This work split is approximately fifty/fifty between plaintiff and defense. Litigation involvement includes agent custom and practice, flood (including both NFIP and private insurance), property, crime, liability, employee benefits, property leases, Broad Form Property Damage (BFPD), etc. The BFPD includes both course of construction and construction defects.
C. Todd Thomas, Director of Consulting Services – Adjusters International
Todd Thomas was recently brought on as Adjusters International’s new Director of Special Projects. He is also the Chief Consultant and Partner of Adjusters International’s affiliate Sigma Consulting Corp. He has worked in the Management Consulting industry for 24 years. Currently, he works with Adjusters International’s strategic partners to offer the highest quality Risk Management and Disaster Recovery consulting services possible. Thomas has worked in a management capacity on high-profile FEMA, insurance and construction projects since 1996. Thomas regularly serves as an expert witness and Special Master to courts in the area of finance & insurance.
Thomas’ experience assisting public entities, non-profits and other organizations with risk management and insurance includes but is not limited to broker selection, insurance marketing, total cost of risk, risk identification, risk allocation, underwriting, claims, financial risk management, FEMA obtain & maintain compliance, risk analysis, risk management information systems and enterprise risk management.
For further information on this topic, please read our Adjusting Today article: “Flood: Understanding and Recovering From One of Nature’s Worst Disasters”