The figures mark a big enhance for the non-public 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 an announcement, CEO Trevor Burgess mentioned the milestone demonstrates a rising demand for personal flood protection. “Reaching $300 million in premium in power is a testomony to our mission of creating flood insurance coverage accessible, reasonably priced, and simple to acquire,” he mentioned.