National Flood Insurance Program (NFIP) policyholders News

FEMA to Issue First Catastrophe Bond for Flood Insurance Program

In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) through issuance of a catastrophe bond. FEMA began purchasing private reinsurance in …

Deadline Extended for Louisiana NFIP Policyholders Affected by August Flood

Insurance Commissioner Jim Donelon says the Federal Emergency Management Agency (FEMA) has granted an additional 90-day extension of an important deadline for National Flood Insurance Program (NFIP) policyholders affected by the August flood. The program normally requires policyholders to file …