Florence will likely trigger NFIP reinsurers – again

21-09-2018

Florence will likely trigger NFIP reinsurers – again

iStock/ Eei Tony

Hurricane Florence will likely be an earnings event for the private insurance industry but the National Flood Insurance Program (NFIP) could be hit with heavy losses, potentially resulting in claims for its reinsurers for the second year in a row and its first cat bond being triggered, according to Fitch Ratings.


NFIP, Hurricane Florence, Flood insurance, Insured losses, Catastrophe, Property cat, Claims, North America

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