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FEMA Expands Reinsurance Program by Transferring $575M in Flood Risk to Capital Markets

The Federal Emergency Management Agency in an effort to engage reinsurance markets to bolster the financial framework of the National Flood Insurance

Reinsurance programNational flood insurance programHannover re ireland designated activity companyFloodsmart re ltdEmergency management agencyFederal emergency management agencyDesignated activityBiggert waters flood insurance reform actHomeowner flood insurance affordability act

Louisianans hopeful flood program is off the chopping block | State Politics

WASHINGTON – Louisiana lawmakers and homeowners are still hopping mad over changes to the National Flood Insurance Program that have led to huge premium increases for many south Louisianans.

Baton rougeUnited statesTim scottJohnn kennedyMichael hechtBill cassidyJon testerSteve pattersonEmergency management administrationNational leagueUs senate committee on bankingNational flood insurance programPresident michael hechtUrban affairsFederal emergency management administrationBiggert waters flood insurance reform act

Is National Flood Insurance Program Off the Chopping Block?

Is National Flood Insurance Program Off the Chopping Block?
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United statesBaton rougeSouth carolinaBill cassidyJon testerMichael hechtSteve pattersonTim scottJohnn kennedyUs senate committee on bankingNational leagueNational flood insurance programEmergency management administrationPresident michael hechtUrban affairsFederal emergency management administration

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

David maurstadNational flood insurance programMarsh mclennan companiesAssociate administratorGuy carpenterMclennan companiesBiggert waters flood insurance reform actHomeowner flood insurance affordability act

FEMA announces reinsurance program to manage future flood risk in 2024

WASHINGTON — FEMA announced its 2024 traditional reinsurance placement for the National Flood Insurance Program (NFIP), continuing its risk management practice against catastrophic flood …

United statesDavid maurstadMarsh mclennan companiesNational flood insurance programAssociate administratorNational flood insuranceGuy carpenterMclennan companiesBiggert waters flood insurance reform actHomeowner flood insurance affordability act

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