Deeley Insurance Group Welcomes Jayme Hayes as New Vice President

Deeley Insurance Group, Delmarva’s oldest family-owned, independent insurance agency, is delighted to announce the appointment of Jayme Hayes as our new Vice President. Hayes brings over 20 years of regional business leadership experience and will be instrumental in directing our agency’s growth and client service initiatives. In her new role, Hayes will guide Deeley’s business…

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Managing the Risks of Outdoor Heaters

Outdoor heaters are portable heating appliances designed to provide thermal radiation to outside spaces, such as open-air patios or decks. Also known as patio or umbrella heaters, these appliances can be utilized at various types of businesses (e.g., bars, hotels, restaurants and entertainment venues) to help keep outdoor areas warm and extend their usability throughout…

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The Private Flood Market vs. NFIP

The private residential flood insurance market has grown rapidly but remains small compared with overall homeowners insurance. Private residential flood premiums were roughly $0.5 billion in 2024 with policy counts roughly doubling since 2020, yet private share of homeowners remains low. Economic flood losses far exceed insured losses, leaving a large protection gap that private…

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What Happens to NFIP if the Government Shuts Down?

If Congress allows a shutdown that lapses National Flood Insurance Program (NFIP) authorization, the program would stop issuing new policies and would not process renewals or endorsements until reauthorization, while existing policies remain valid until their scheduled expiration. What Stops and What Continues Stopped: New NFIP policies, policy renewals, endorsements, and increases in coverage would…

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Market Trends in Community Association Insurance

Coastal condominiums typically allocate 50% of the budget to insurance premiums. Property coverages are the largest expense in our Condominium Association’s risk management programs. We are happy to see a stabilization occurring in the property market. For more information, see our Fall Coastal Property Market update here. Liability coverages are continuing to see increases in…

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