The figures mark a big enhance for the non-public flood insurance coverage sector, which has grown in recent times 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 pressure is a testomony to our mission of constructing flood insurance coverage accessible, reasonably priced, and straightforward to acquire,” he stated.