In July, President Obama signed the Transportation Bill, which incorporated a reauthorization of the National Flood Insurance Program and the Consumer Option for an Alternative System to Allocate Losses Act of 2012 (COASTAL Act). The COASTAL Act provides that the Federal Emergency Management Agency (FEMA) administrator is to develop a standard formula for allocating wind and water losses involving indeterminate losses. 

Here, the chairman at Nelson Levine de Luca & Hamilton, a law firm representing insurers and reinsurers in regulatory matters as well as in complex litigation, discusses the potential impact of the indeterminate loss provisions included in the National Flood Insurance Program (NFIP) reauthorization legislation.

Will you explain the concept of an indeterminate loss?

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.