Against my better judgement, I threw caution to the wind... and also bought a Velop network. When I copied the settings from my old router, of course my Insteon Hub went offline and became unusable. Apparently sometimes.... less is more.
HERE IS THE FIX:
I removed the "port forwarding" portion from the Velop. (although I did leave a reserved DHCP address for the hub)... then the green light on my Insteon Hub came back on. But the catch is... to use it with ALEXA, you have to go into the Alexa App and force it to RUN DISCOVERY! If you just ask her to run discovery, she just says there are no new devices. So just use the APP. That's it. Works like a charm now. Hope this helps someone.