US flood is a costlier risk than is often recognised as much of the exposure is taken by the federally-guaranteed National Flood Insurance Program (NFIP). However, the rising cost of flood losses means US Congress has proposed to offer a choice between the NFIP and the private insurance market – the expected flood losses from Hurricane Matthew may focus attention further. This could provide an interesting growth opportunity for (re)insurers in the Excess & Surplus Lines market (wher
11 Oct 2016
Non-Life Insurance - US Flood exposure – demand rising
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Non-Life Insurance - US Flood exposure – demand rising
LAIQON AG (LQAG:ETR), 0 | Hiscox Ltd (HSX:LON), 1,245
- Published:
11 Oct 2016 -
Author:
Joanna Parsons -
Pages:
3
US flood is a costlier risk than is often recognised as much of the exposure is taken by the federally-guaranteed National Flood Insurance Program (NFIP). However, the rising cost of flood losses means US Congress has proposed to offer a choice between the NFIP and the private insurance market – the expected flood losses from Hurricane Matthew may focus attention further. This could provide an interesting growth opportunity for (re)insurers in the Excess & Surplus Lines market (wher