FEMA Adds Nearly $620M to Reinsurance Program

FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program's financial risk to the private reinsurance market as part of its 2024 reinsurance ...

Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best

Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt.