WASHINGTON–The acting head of the federal flood insurance program told a group of independent agents they will play an important role convincing all flood zone residents to purchase an adequate amount of insurance to protect their losses in the future.
The comments by David I. Maurstad came during a continuing education session on how to sell and service flood insurance at the Independent Insurance Agents & Brokers of America's National Legislative Conference and Convention held here.
Mr. Maurstad, acting director of the Federal Emergency Management Administration's Mitigation Division and acting Federal Insurance Administrator, told National Underwriter that while people who are required to have flood insurance under loan agreements have it, the program needs to reach out to those living in the flood plains who do not.
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