As Congress weighs reauthorization of the National Flood Insurance Program (NFIP), it hasmultiple options for addressing the program's challenges and shouldtake into account specific insurance market, technological andother developments, according to a report by the American Academy of Actuaries.
Authored by the Academy's Flood Insurance Work Group, the publicpolicy report "National Flood Insurance Program: Challenges andSolutions" describes premium setting and program financingoptions for addressing the NFIP's debt and future obligations,including both public and private financing mechanisms, and otherpossible reforms.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
