FEMA Transfers More Flood Risk with $300M Cat Bond

The Federal Emergency Management Agency (FEMA) has again turned to private reinsurance markets to help strengthen the financial framework of the National Flood Insurance Program (NFIP). Last week FEMA entered into a three-year reinsurance agreement, effective April 17, 2019, with …

from News – Insurance Journal http://bit.ly/2GD5Io5