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22 March 2024Insurance

US flood carrier NFIP sees 50% of policies underpriced for 5Y

Flood insurance premium rates at the US residual insurer NFIP have been sufficiently suppressed to keep 50% of the book priced below actuarially sound levels for the next five years given the glidepath on rates for clients grandfathered into the new, more rigorous, pricing system.

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