FEMA Buys $1.153 Billion of Reinsurance for Flood Insurance Program for 2021 January 6, 2021 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) has once again procured private sector reinsurance from more than 30 carriers for the...
FEMA Renews $1.3 Billion Reinsurance for Flood Program with 27 Carriers January 6, 2020 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP)...
FEMA Transfers More Flood Risk with $300 Million Cat Bond April 23, 2019 The Federal Emergency Management Agency (FEMA) has again turned to private reinsurance markets to help strengthen the financial framework of...
FEMA Renews $1.3 Billion Reinsurance Program with 28 Carriers January 31, 2019 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) has renewed for the third year a reinsurance program that transfers future catastrophic flood...
FEMA Seeking to Renew Its Private Reinsurance for Flood Insurance Program November 7, 2018 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) has begun the process of renewing its private market reinsurance for the National Flood...
FEMA Grows Its Flood Reinsurance Plan with $500 Million Cat Bond August 1, 2018 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for...
FEMA Looking to Expand Disaster Reinsurance Program June 13, 2018 By Christopher Flavelle The federal government, seeking to protect itself from the growing cost of natural disasters, is borrowing a technique from the...
FEMA to Issue First Catastrophe Bond for Flood Insurance Program April 5, 2018 By Andrew G. Simpson In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional...
FEMA Expands Flood Reinsurance Program with Private Reinsurers for 2018 January 8, 2018 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood...
U.S. Flood Program to Collect $1 Billion in Reinsurance for Hurricane Harvey Claims December 6, 2017 The Federal Emergency Management Agency (FEMA) is seeking to recover the full $1.042 billion of its reinsurance coverage to help...