FEMA slashes reinsurance cover for US flood programme NFIP at 1.1

11-01-2023

FEMA slashes reinsurance cover for US flood programme NFIP at 1.1

The US emergency management agency FEMA bought $502.5 million in 2023 reinsurance coverage for its National Flood Insurance Program (NFIP) for a total of $90.2 million, a cut on prior year coverage.


Reinsurance, Flood Insurance, Reinsurance Renewals, FEMA, NFIP, National Flood Insurance Program, US

Intelligent Insurer