What she means about flood insurance is that the she wants the Federal Government to be responsible for flood losses regardless of who has to pay the cost. The NFIP was/is broken and this person is against it being self sufficient.
The solution is to transfer Flood Risk to the capital markets. Capital markets with their lower cost of capital are looking for insurance risk that traditional re/insurers cannot provide. Look at the MTA cat bond which closed last summer.
The solution is to transfer the flood risk to the capital markets who have a lower cost of capital than traditional re/insurers. Refer to the MTA cat bond placed last summer.
What she means about flood insurance is that the she wants the Federal Government to be responsible for flood losses regardless of who has to pay the cost. The NFIP was/is broken and this person is against it being self sufficient.
The solution is to transfer Flood Risk to the capital markets. Capital markets with their lower cost of capital are looking for insurance risk that traditional re/insurers cannot provide. Look at the MTA cat bond which closed last summer.
The solution is to transfer the flood risk to the capital markets who have a lower cost of capital than traditional re/insurers. Refer to the MTA cat bond placed last summer.