Flood Rating Risk 2.0 Is Going to Hurt Your Insured

In this episode of Agency Intelligence podcast, host Jason Cass interviews Chris Greene, The Flood Insurance Guru. Chris discusses the release of the risk rating 2.0 and the upcoming changes in flood insurance policies. Episode Highlights: Chris Greene shares his background. (5:16) Chris explains that on October 1st, the National Flood Program will release the risk rating 2.0. (10:04) Chris clarifies the difference between a flood and a flash flood. (12:42) Chris adds that instead of giving someone a quote, they give them a flood risk proposal.  (15:02) Where does Chris envision himself in the next 5 or 10 years as a flood insurance guru? (17:13) According to Chris, all renewals will be rewritten in the risk rating 2.0 program starting in April 2022. (22:15) Chris says it is essential for agents to inform clients on the impact of the April 2022 reforms in flood insurance, particularly the claims variable. (22:36) Chris mentions that he recently published a video titled “What Role Does Time Play in Flood insurance?”, in which he discusses waiting periods, the length of time a claim remains on the property, and other topics. (22:46) Key Quotes: “Marcus and I just hired two additional flood education specialists who have a background in education to help me do the same thing I'm trying to do. I can tell you, I'm here to hire world changers.” - Chris Greene “I'm not helping the world by trying to do a phone call from somebody, I'm helping the world or trying to get information out there.” - Chris Greene “You can make the decision, but it's my job to make sure you have the information.” - Chris Greene Resources Mentioned: Chris Greene LinkedIn Flood Insurance Guru Reach out to Jason Cass Agency Intelligence