FEMA Renews $1.3 Billion Reinsurance for Flood Program with 27 Carriers

The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion of NFIP’s financial risk. This annual reinsurance agreement is …

from News – Insurance Journal