AIR Says Hurricane Ida Insurance Losses Could Reach $30 Billion September 13, 2021 Modeling firm AIR Worldwide has updated its insured loss estimates for Hurricane Ida and now projects that Ida’s insured industry...
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...
Government Overhaul of National Flood Insurance Cheered by Climate Resilience Experts March 18, 2019 By Christopher Flavelle Climate advocates say an overhaul of the nation’s flood insurance program being unveiled by the Trump administration will spur communities...
Federal Flood Insurance Premiums Could Rise in Flood-Prone Areas Under Trump Plan March 12, 2019 By Christopher Flavelle Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration...
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 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...