My biggest concern with private market back into the flood market that the private market will cherry pick the “good” risk and the NFP will be even more market stressed with the high frequency type of risks. Hope that congress will mandate some communities that are in repeat areas to continue to tighten up building ordinances that doesn’t allow building in high frequency areas of the country or at least building codes which elevates the structures.
My biggest concern with private market back into the flood market that the private market will cherry pick the “good” risk and the NFP will be even more market stressed with the high frequency type of risks. Hope that congress will mandate some communities that are in repeat areas to continue to tighten up building ordinances that doesn’t allow building in high frequency areas of the country or at least building codes which elevates the structures.