Our client, a retail insurance agency, had an insured with a portfolio of multifamily properties in Florida. The insured was maintaining NFIP flood insurance policies on 21 buildings. 20 of the buildings were located in Special Flood Hazard Areas (SFHA: flood zones beginning with the letter A or V). The client was concerned over the rapidly increasing flood insurance premiums and was looking for ways to reduce them. We performed a tho

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