Joe Flood Insurance Announces Launch and Coverholder Status
(Image credit: Phillip Flores/Unsplash.)
The founders of Joe Flood Insurance Brokerage, Inc. (JFIB; Carver, Mass.) have announced the full launch of their tech-based flood insurance wholesale brokerage. JFIB was founded by Joe “Flood” Rossi, Art McKinney, and Chris St. George to deliver state-of-the-art flood insurance technology, as well as a consultative underwriting approach to agencies of all sizes.
JFIB has also announces its status as a coverholder of Chubb European Group (Paris), with the debut of its own proprietary product on Chubb paper called Upstream. Upstream writes all lines of primary and excess flood business on A++ Chubb paper.
“We built JFIB to be agent-centric,” Rossi notes. “Most of us at JFIB have either been an agent or owned an agency at some point in our careers. With the implementation of Risk Rating 2.0 and all the changes happening in the flood industry, we want to deliver our expertise and experience to agents to make their jobs simpler.”
JFIB reports that it will be releasing a quote platform to its partner agents in mid-2022. The platform will provide quotes and rate comparisons from several carriers, including the JFIB proprietary product Upstream. JFIB adds that the platform will use industry data, and simplify the quoting, binding, and sales process. JFIB also provides additional flood insurance related services, including risk scoring, property risk reports, and Letter of Map Amendment filing. Combined with its range of flood insurance offerings, JFIB says this makes the company a holistic flood solution for agencies across the country.
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