FEMA Continues its Reinsurance Program to Manage Flood Risk

Continuing its risk management practice against future catastrophic flood losses, FEMA announced its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP). Reinsurance is a financial risk management tool used by private insurance companies and public entities to protect themselves from large financial losses. If a qualifying catastrophic flood event occurs, the reinsurance... Continue Reading →

Potential NFIP Lapse

Are you preparing for Hurricane Season?  Thinking about getting flood insurance? Well you may want to call your agent ASAP.  WHY?  This afternoon, Congress approved a 2 week extension (until June 14) of the National Flood Insurance Program (NFIP), which was set to expire and required reauthorization by 11:59 PM EST tomorrow (May 31, 2019)... Continue Reading →

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