Texas SL Flood Facts

As discussions on the National Flood Insurance Program (NFIP) continue, the Surplus Lines Stamping Office of Texas (SLTX) has evaluated data on active surplus lines flood insurance policies in Texas.

These policies and premium have increased dramatically over the past few years, with a 146 percent increase in surplus lines flood premium from 2014 to 2017 YTD and a massive 702 percent growth in flood policies during the same period.

Surplus lines insurance has long since covered specialized needs, which include flood risk, in Texas. Proposed bills in Congress could allow easier entry into the flood market by private surplus lines insurers, spreading risk and reducing building pressure on the NFIP. The surplus lines market has proven that if this legislation passes, it is ready and able to take on an increased market share.