The figures mark a major improve for the personal flood insurance coverage sector, which has grown lately amid issues over the sustainability of the federal Nationwide Flood Insurance coverage Program (NFIP), the corporate highlighted. In a press release, CEO Trevor Burgess stated the milestone demonstrates a rising demand for personal flood protection. “Reaching $300 million in premium in drive is a testomony to our mission of creating flood insurance coverage accessible, inexpensive, and straightforward to acquire,” he stated.
