Under the right conditions, having the private marketwhether primary insurers, reinsurers, the capital markets or some combination of all threepitch in to take on additional flood exposure could be a win-win for taxpayers as well as the insurance industry.
While flood insurance might represent the biggest growth opportunity for private carriers in years, its no certainty the industry would be eager or even willing to take on a greater share of such exposures unless conditions are established to give them a reasonable chance of making a profit.
While flood insurance might represent the biggest growth opportunity for private carriers in years, its no certainty the industry would be eager or even willing to take on a greater share of such exposures unless conditions are established to give them a reasonable chance of making a profit.
