Carver-based Company Launches Tech-based Flood Insurance Wholesale Brokerage
Also plans to offer quoting platform for independent agents
Joe Flood Insurance Brokerage, Inc. (JFIB), a Carver-based start-up has announced the “full-launch” of its tech-focused flood insurance wholesale brokerage. Joe “Flood” Rossi, Art McKinney, and Chris St. George founded JFIB to deliver state of the art flood insurance technology, as well as a consultative underwriting approach to agencies of all sizes.
“We built JFIB to be agent-centric,” Joe noted in commenting on the company’s official release. “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.”
In addition to launching the JFIB platform, the company also announced their status as a coverholder of Chubb European Group, with the unveiling of their own proprietary product on Chubb paper called Upstream. Upstream writes all lines of primary and excess flood business on A++ Chubb paper.
JFIB will be releasing an industry leading quote platform to their partner agents in mid-2022. This technology will provide quotes and rate comparisons from many carriers including the JFIB proprietary product Upstream. The technology will leverage industry data, and simplify the quoting, binding, and sales process. JFIB also provides additional flood insurance related services, such as risk scoring, property risk reports, Letter Of Map Amendment filing, and more. This, combined with their multitude of flood insurance offerings, makes JFIB a holistic flood solution for agencies across the country.
Agencies are welcome to sign up to be appointed with JFIB and can do so by visiting joefloodinsurance.com/sign-up. JFIB currently has access to 23 carriers, and is placing business in 22 states, with plans to be in almost every state within the year.
