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Offering an initial estimate of $25-$40 billion in insured losses from Hurricane Ian, Fitch Ratings said that P/C insurance and reinsurance company credit ratings are unlikely to be downgraded as a ...
When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of ...
Starting April 1, property owners in low-lying areas across the country will see their premiums increase when they renew their flood insurance policies, thanks to the federal government's new ...
U.S. senators from coastal states are predicting "an actuarial disaster" in the future once FEMA's new flood insurance rating systems goes into full swing. In a press call on Sept. 30, Louisiana Sen. ...
The country's flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government's program for those seeking coverage, according to a new AM ...
If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program, the NFIP rates would need to ...
COVID-19 has completely upended the way we do business. Everything from working to doctor appointments and family gatherings has become a contactless experience. The insurance industry, with dual ...
Many consumers still significantly underestimate their flood risk, and nearly half have chosen to forego flood coverage because they believe it's unnecessary or too expensive, according to InsurTech ...
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 ...
President Trump signed two government funding measures into law last week that included two provisions of interest to the property/casualty insurers: a reauthorization of the National Flood Insurance ...
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