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