Why Trevor Burgess says 'we may not need FEMA anymore'

Neptune's CEO Questions the Future of FEMA

In a recent discussion, Trevor Burgess, the CEO of Neptune Flood, addressed some pressing trends in the flood insurance sector. Notably, he emphasized the role of AI-driven underwriting and its implications for the National Flood Insurance Program (NFIP).

AI and Flood Underwriting

Burgess highlighted the significant advancements in artificial intelligence, which have substantially improved underwriting processes for flood insurance. By using AI, insurers can assess risks more accurately and offer tailored coverage options. This innovation could potentially reshape how flood insurance is underwritten, making it more efficient and accessible.

Record Growth for Neptune

Neptune has experienced impressive growth, indicating a shift in consumer preferences towards alternative flood insurance solutions outside of traditional options. This growth begs the question of whether the existing federal programs, such as NFIP, are still necessary in an evolving insurance landscape.

Impact of a Potential Federal Shutdown

With talks of a federal shutdown on the horizon, Burgess pointed out that such events can disrupt the reliability of government programs. This adds another layer to the debate about the need for NFIP, as consistency in flood coverage becomes increasingly vital for property owners.

Key Takeaways

The conversation led by Burgess raises important questions for the industry:

• Can AI-driven solutions effectively replace traditional programs like NFIP?
• What does continued growth for companies like Neptune mean for the federal flood insurance market?
• How will external factors, like federal funding stability, influence flood coverage availability?

Overall, while the benefits of AI in flood insurance are evident, the implications for federal programs like FEMA remain uncertain.

Original Source: https://tbbwmag.com/2025/11/19/trevor-burgess-neptune-flood-fema-nfip/