WebEx Virtual Flood Insurance CE conferences

Commissioner Causey sets up 2021 WebEx flood insurance conferences

Free continuing education credit offered for insurance agents, adjusters, along with real estate agents. New this year, CE opportunity for engineers.

North Carolina Insurance Commissioner Mike Causey will again offer virtual flood conferences to provide vital information regarding the need for flood insurance.

The 2021 conferences will be similar to ones offered in 2020 through WebEx and will, again, be free of charge to insurance agents and adjusters, along with real-estate agents, engineers, architects and the public.

Hurricane season runs June 1 to Nov. 30. Typically, during this period, at least one major storm forms with the potential to impact our state. The flooding from Hurricanes Florence and Dorian devastated thousands of residents who didn’t have flood insurance because they relied on their homeowners’ policy, which does not cover damage from rising water. Flood insurance is needed to cover damage from rising water. Such insurance is available from the Federal National Flood Insurance Program.

Commissioner Causey worked with the N.C. Rate Bureau to develop a private flood insurance program in the state.

Commissioner Causey is encouraging insurance companies to offer private flood insurance coverage.

“One of your top priorities should be to ensure you have the appropriate insurance coverage for the dangerous storms that could wipe out our homes and possessions in a flash,” said Commissioner Causey. “It takes 30 days for a flood policy to take effect, so now is the time to contact your agent to see if you have the right coverage.”

Preparation before a storm is key. Residents should take inventory and document what they own. This will help insurance companies examine potential losses and assure proper coverage. In addition, individuals and families should have a storm-readiness plan in place. Families should discuss the plan so everyone knows how to respond once a storm hits.

Residents should also be aware of the following:

  • Most homeowners’ and renters’ insurance policies do not cover damage from floods, although most mobile homeowners’ and comprehensive auto policies do.
  • A landlord’s insurance policy likely won’t cover damage to a renter’s personal property.
  • The National Flood Insurance Program takes 30 days to take effect. Waiting to take out a flood policy once a storm or hurricane is in motion will be too late.
  • Just because there’s no longer a mortgage on a home does not nullify the need for homeowners’ insurance.

North Carolina residents now have greater flood coverage options than ever before. Commissioner Causey approved a statewide flood insurance program that participating companies can now offer to residents living anywhere in the state. The program is separate from the National Flood Insurance Program. Commissioner Causey hopes to eventually see all North Carolinians protected in the event of a flood or mudslide.

To ensure that residents are adequately covered for the 2021 hurricane season, Commissioner Causey is offering free continuing education course credits for insurance agents and adjusters who attend the conference.  Real estate agents are also approved to receive free continuing education credit. Engineers also have the opportunity to use their “self- report” reporting opportunity available and utilize 21 NCAC 56.1706 recordkeeping to retain the information for three years.  Licensed Architects are also approved for 4 HSW hours of continuing education credit. The course was approved by AIA. NCAIA will assist in the process of awarding the 4 HSW hours of continuing education credit. 

In order to be awarded four hours of continuing education credit, registration will be required on the NCDOI webpage and through the WebEx invitation.  Therefore,

  1. Please register on the NCDOI Webpage through the links below. 
  2. A WebEx Invitation will be sent, separately.
    • To participate in the event, you must pre-register with WebEx.
    • Upon registering with WebEx, registered participants will receive details on how to join the flood conference from WebEx.

The flood insurance conference will feature the expertise of NCDOI Chief Deputy Commissioner Dr. Michelle Osborne, Flood Insurance Specialist Charlotte Hicks, CPA, CIC, AAI, ARM, NCDPS- Emergency Management, and FEMA officials who will discuss the modernization of flood maps and other topics.

WebEx Event dates and times are:

Friday, September 10, 2021 – 8:30 AM to 12:30 PM

Register by September 3, 2021

 

For more information, contact Tracy Biehn with N.C. Department of Insurance by email at Tracy.Biehn@ncdoi.gov.