FEMA Renews $1.3 Billion Reinsurance Program with 28 Carriers

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 traditional reinsurance placement for the National Flood Insurance Program (NFIP) transferred $1.32 …

from News – Insurance Journal http://bit.ly/2WuSHmp