FEMA shrinks NFIP reinsurance program by over 50% amid hard market
Reinsurance News - Jan 11, 2023
The U.S. Federal Emergency Management Agency (FEMA) has completed its 2023 traditional reinsurance placement for the National Flood Insurance Program (NFIP), transferring an additional $502.5 million of flood risk to the private reinsurance market for a total premium of $90.2 million. Together with...
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