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...
Senate Agrees with House to Renew Flood Insurance Program for 4 Months July 31, 2018 By Andrew G. Simpson Congress avoided a lapse in the federal flood insurance program when the Senate today voted 86-12 to extend authorization for...
Flood Insurance Program Will Lapse If Senate Does Not Act July 30, 2018 There is not a lot time left to avoid a lapse in the federal government’s flood insurance program. The Senate...
Security First Insurance Co. Enters Florida’s Growing Private Flood Market July 30, 2018 By Amy O'Connor A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than...
Flood Model Development Helps Hiscox Re & ILS Enter U.S. Flood Protection Market July 25, 2018 By L.S. Howard Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s...
U.S. Flood Models Still in Infancy, So Underwriters Must Be ‘Cautious Consumers’ July 24, 2018 By L.S. Howard The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still...
Opinion: Is Florida’s Flood Insurance Industry Really Prepared? June 26, 2018 By Jason Wolf The clock is ticking: The National Flood Insurance Program expires on July 31, 2018; so what happens next? It is...
Federal Flood Insurance Average Premium to Rise 8% April 2, 2018 A typical premium charged by the National Flood Insurance Program is slated to rise about eight percent in the coming...
Federal Flood Insurance Gets Another Short Extension February 12, 2018 Once again, the government’s flood insurance program has been given a short lease on life. On February 9, 2018, President...
Keeping Flood Insurance Above Water: Commentary January 25, 2018 By Mark Anquillare, Verisk Analytics With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from...