Federal Emergency Management Agency News
27 Carriers in Play With $1.3B FEMA Flood Program Reinsurance Renewal
The Federal Emergency Management Agency reported its 2020 traditional reinsurance placement for the National Flood Insurance Program, a transaction in which 27 private reinsurers assumed $1.33 ...
28 Carriers Join FEMA Renewal of $1.3B Reinsurance Program
The Federal Emergency Management Agency (FEMA) has renewed for the third year a reinsurance program that transfers future catastrophic flood insurance losses to the private sector. The 2019 ...
Trump to California: Change Forest Management Practices or Lose Wildfire Aid
President Donald Trump, who has blamed California's forest management for last year's disastrous fires, threatened to halt the Federal Emergency Management Agency's assistance to victims unless that ...
FEMA Resumes Issuing New Flood Insurance Policies During Shutdown
The Federal Emergency Management Agency (FEMA) said on Friday it will resume issuing new flood insurance policies during the partial U.S. government shutdown, reversing a decision announced before ...
New U.S. Law Places Greater Focus on Disaster Resilience, Though Shortfalls Remain
The U.S. government is starting to focus more on disaster resilience, rather than just responding to natural catastrophes when they occur – something long called for by the property/casualty ...
FEMA Chief Calls for a Natural Disaster Preparation Focus on Insurance and ‘Resilience’
Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as ...
U.S. Flood Insurance Reform Remains Unfinished, a Year After Massive Hurricane Damage
U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation's troubled flood insurance program remains stalled in ...
$500M Cat Bond Set to Expand FEMA’s Flood Reinsurance Plan
The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets ...