FEMA adds $619.5m in flood reinsurance at renewal, takes NFIP protection to $1.92bn
Reinsurance News - Jan 05, 2024
The U.S. Federal Emergency Management Agency (FEMA) has completed its 2024 traditional reinsurance placement for the National Flood Insurance Program (NFIP), transferring an additional $619.5 million of the NFIP’s financial risk to the private reinsurance market, for a total premium of $121.1 millio...
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